Wall Street’s AI Bubble Is Worse Than the 1999 Dot-com Bubble, Warns a Top Economist

The LLM hype is as big as it is only because of capital's disdain for labour. None of these big AI conpanies have come close to turning a profit. They even have subscriptions now that cost $200 a month and they lose money on those too given that the user actually uses their service. But the promise of taking out of the equation the pesky labourer with silly demands like food and a house is too seductive for investors and this is the closest they have come so far to fulfilling their fantasy. So expect this to go on for a while.

the problem is like open ai burns 5 billion a year. dod can easily smother it with money to post about china or whatever. apple/microsoft/google do be posting record profits, the nvidia is highly speculative but at the same time (on its own) not that unreasonable (the growth is fast, if demand doesn't implode, so won't nvidia)

I should sell an AI program to a company where it's just me with like 5 laptops typing bullshit at people. Even a one year contract would net me hundreds of thousands and then boom, i disappear when they lawyers start calling.