If you listen carefully you can hear the AI bears lifting the goalposts and moving them another 100 yards down the field after Anthropic's S1 was released.

To justify today’s data center buildout, AI would need to bring in about $3.5 trillion a year by 2032, per a new Brookings paper. That’s 8.8% of U.S. GDP, nearly as much as Americans spend on food (9.1%), and far more than on energy (5.1%).

So half the S&P 500 earnings growth is this operating loss, 10-20% phantom equity valuations on hyperscaler books, and the rest is inflation? Cool.

when did you first realize that Elon was a grifter? for me, it was the “verbal government approval” of a hyperloop back in 2017

The AI bubble is circular financed and driven entirely by private credit + baby boomer retirement savings. There is nothing profitable about it and when it fails, there will be nothing of value because the GPUs are obsolete and power hungry after 3 years. It isn't the future, it's the greatest con ever performed on the American people and the government is part of it.

Turns out the future does have flying cars

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