#ai-bubble — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ai-bubble, aggregated by home.social.
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...in order to push a technology that nobody wants to buy, or even to use
#aihype #aibubble #aibullshit #aiscam #microsoft #microslop #aislop
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...in order to push a technology that nobody wants to buy, or even to use
#aihype #aibubble #aibullshit #aiscam #microsoft #microslop #aislop
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Ai is not just an American endeavour.
The American exceptionalism ideology is so hard ingrained in the US that even American left subscribes to it...... The French, Chinese, Portuguese and I am sure other nations have their own, sovereign Ai models.
Hooking up your red wagon to the American insane clown train is foolish. -
"The #AI economic-financial complex has become a tangled, impenetrable thicket; grasping its every convolution is a daunting challenge. [...] And in the midst of it all, the financial sector is in up to its eyebrows, having nonchalantly trespassed every boundary of reason..."
#FrédéricLordon on the #AIbubble
https://newleftreview.org/sidecar/posts/awaiting-the-crash
#artificialIntelligence #AIhype #finance #tech -
"The #AI economic-financial complex has become a tangled, impenetrable thicket; grasping its every convolution is a daunting challenge. [...] And in the midst of it all, the financial sector is in up to its eyebrows, having nonchalantly trespassed every boundary of reason..."
#FrédéricLordon on the #AIbubble
https://newleftreview.org/sidecar/posts/awaiting-the-crash
#artificialIntelligence #AIhype #finance #tech -
I wish there were any upside at all for being right about the #AIBubble from the start, other than my own self respect and dignity.
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I wish there were any upside at all for being right about the #AIBubble from the start, other than my own self respect and dignity.
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CW: The Bank of England wishes that finance actors were reliable
Finance destabilisation, then credit crunch – via AI, leverage, private equity – obtains official analysis from the Bank of England.
"Market-based finance:
"Multiple vulnerabilities could be triggered at the same time. Some have grown, notably the use of leverage in equity markets.""Frontier AI:
"Rapid advances in and differing access to AI capabilities have increased cyber and operational resilience risks.""The FPC is particularly concerned that a number of these vulnerabilities could crystallise simultaneously. The FPC emphasises the importance of market participants ensuring that they have a clear and comprehensive understanding of the size, concentration, and interconnections of their exposures. Strengthening this
understanding will support effective risk management and help sustain the resilience of the markets in which they operate."https://www.bankofengland.co.uk/financial-stability-report/2026/july-2026
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CW: The Bank of England wishes that finance actors were reliable
Finance destabilisation, then credit crunch – via AI, leverage, private equity – obtains official analysis from the Bank of England.
"Market-based finance:
"Multiple vulnerabilities could be triggered at the same time. Some have grown, notably the use of leverage in equity markets.""Frontier AI:
"Rapid advances in and differing access to AI capabilities have increased cyber and operational resilience risks.""The FPC is particularly concerned that a number of these vulnerabilities could crystallise simultaneously. The FPC emphasises the importance of market participants ensuring that they have a clear and comprehensive understanding of the size, concentration, and interconnections of their exposures. Strengthening this
understanding will support effective risk management and help sustain the resilience of the markets in which they operate."https://www.bankofengland.co.uk/financial-stability-report/2026/july-2026
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Spoiler: Anthropic.
The Register: AI startup that’s never turned a profit say's it'll totally be around in 2047 to close its $19B lease https://www.theregister.com/ai-and-ml/2026/07/07/ai-startup-thats-never-turned-a-profit-says-itll-totally-be-around-in-2047-to-close-its-19b-lease/5267385 @theregister #Anthropic
Speaking of, there's a new Treasury report.
NY Post: Treasury Report: Your 401(k) could be at risk if the AI bubble bursts https://nypost.com/2026/07/07/business/your-401k-could-be-at-risk-if-the-ai-bubble-bursts-treasury-report/ #AIbubble
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Spoiler: Anthropic.
The Register: AI startup that’s never turned a profit say's it'll totally be around in 2047 to close its $19B lease https://www.theregister.com/ai-and-ml/2026/07/07/ai-startup-thats-never-turned-a-profit-says-itll-totally-be-around-in-2047-to-close-its-19b-lease/5267385 @theregister #Anthropic
Speaking of, there's a new Treasury report.
NY Post: Treasury Report: Your 401(k) could be at risk if the AI bubble bursts https://nypost.com/2026/07/07/business/your-401k-could-be-at-risk-if-the-ai-bubble-bursts-treasury-report/ #AIbubble
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"DataVita, the Lanarkshire complex’s developer, says it will power the site in Airdrie with more than 1GW of renewable energy, including 400MW of solar power and 800MW of wind. This is more than one and half times the wind energy produced by Whitelee, the UK’s largest onshore windfarm... It is roughly the power needed to supply 800,000 Scottish homes."
The total number of homes (i.e. occupied dwellings) in Scotland is about 2.5 million.
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"DataVita, the Lanarkshire complex’s developer, says it will power the site in Airdrie with more than 1GW of renewable energy, including 400MW of solar power and 800MW of wind. This is more than one and half times the wind energy produced by Whitelee, the UK’s largest onshore windfarm... It is roughly the power needed to supply 800,000 Scottish homes."
The total number of homes (i.e. occupied dwellings) in Scotland is about 2.5 million.
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“There doesn’t seem to be appropriate scrutiny, public or otherwise, on these nationally significant projects. The figures and designs behind many schemes are at best indicative, and at worst complete bunk.”
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“There doesn’t seem to be appropriate scrutiny, public or otherwise, on these nationally significant projects. The figures and designs behind many schemes are at best indicative, and at worst complete bunk.”
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Samsung loses over $100bn in market value despite record AI-driven profit
https://www.euronews.com/business/2026/07/07/samsung-loses-over-100bn-in-market-value-despite-record-ai-driven-profit -
Samsung loses over $100bn in market value despite record AI-driven profit
https://www.euronews.com/business/2026/07/07/samsung-loses-over-100bn-in-market-value-despite-record-ai-driven-profit -
AI startup that’s never turned a profit say's it'll totally be around in 2047 to close its $19B lease
https://www.theregister.com/ai-and-ml/2026/07/07/ai-startup-thats-never-turned-a-profit-says-itll-totally-be-around-in-2047-to-close-its-19b-lease/5267385
Model dev and AGI fearmonger Anthropic signs 20-year lease with TeraWulf -
AI startup that’s never turned a profit say's it'll totally be around in 2047 to close its $19B lease
https://www.theregister.com/ai-and-ml/2026/07/07/ai-startup-thats-never-turned-a-profit-says-itll-totally-be-around-in-2047-to-close-its-19b-lease/5267385
Model dev and AGI fearmonger Anthropic signs 20-year lease with TeraWulf -
waiting until #killedbygoogle gets flooded with AI-related bullshit when the #AIbubble pops.
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waiting until #killedbygoogle gets flooded with AI-related bullshit when the #AIbubble pops.
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This is being shared by Yann LeCun, mind you. #AIbubble
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This is being shared by Yann LeCun, mind you. #AIbubble
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https://www.princewilliamtimes.com/localnews/heat-wave-data-centers-huge-demand-push-regional-power-grid-to-the-brink/article_a2d87d63-2f53-438f-b155-b42c62838ba0.html “It’s either breathe dirty diesel particulates or risk a blackout, or, as I am predicting, we will experience both” #shortage #AIBubble #CleanAir #Virginia
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https://www.princewilliamtimes.com/localnews/heat-wave-data-centers-huge-demand-push-regional-power-grid-to-the-brink/article_a2d87d63-2f53-438f-b155-b42c62838ba0.html “It’s either breathe dirty diesel particulates or risk a blackout, or, as I am predicting, we will experience both” #shortage #AIBubble #CleanAir #Virginia
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"I can’t tell if Zuckerberg is dimwitted or just evil. The problem during the first era of the AI boom (circa 2023) was indeed that Meta was too slow to identify the metaverse flub. But that was no longer Meta’s problem entering the agentic coding era: The problem, rather, was that Meta had no coherent strategy. The last thing it should’ve done was “move fast enough to adopt” because “adopting” was not the answer to Meta’s problems. AI-assisted programming has developed in the last six months — contrary to Zuckerberg’s claim that it “hasn’t really accelerated” — but indeed not in the way Meta expected, because Meta’s vibes-based management this time was just plain wrong. AI never had the potential to replace so many workers at an instant. The vibe was — unlike in 2023 — not late, but wrong entirely. And I’m confident in saying only a fool could have lent credence to that laughably incorrect theory."
https://eshumarneedi.com/2026/07/03/zuckerberg-admits-metas-layoffs-were.html
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"I can’t tell if Zuckerberg is dimwitted or just evil. The problem during the first era of the AI boom (circa 2023) was indeed that Meta was too slow to identify the metaverse flub. But that was no longer Meta’s problem entering the agentic coding era: The problem, rather, was that Meta had no coherent strategy. The last thing it should’ve done was “move fast enough to adopt” because “adopting” was not the answer to Meta’s problems. AI-assisted programming has developed in the last six months — contrary to Zuckerberg’s claim that it “hasn’t really accelerated” — but indeed not in the way Meta expected, because Meta’s vibes-based management this time was just plain wrong. AI never had the potential to replace so many workers at an instant. The vibe was — unlike in 2023 — not late, but wrong entirely. And I’m confident in saying only a fool could have lent credence to that laughably incorrect theory."
https://eshumarneedi.com/2026/07/03/zuckerberg-admits-metas-layoffs-were.html
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Ed Zitron tears apart the AI industry in 8 minutes on CNBC. We've been screaming about this for three years on Mastodon but this is the tragedy that ensues by having an economy run by clueless rich kids:
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Ed Zitron tears apart the AI industry in 8 minutes on CNBC. We've been screaming about this for three years on Mastodon but this is the tragedy that ensues by having an economy run by clueless rich kids:
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Is AI Profitable Yet? #ai #aibubble
https://isaiprofitable.com/ -
Is AI Profitable Yet? #ai #aibubble
https://isaiprofitable.com/
