A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
It’s insane. Either they are stupid or they think this awful product will be everywhere anyway. Also, what market will even exist when this idiocy destroys all of our institutions?
Every AI company CEO/C-suite is gambling that they won’t be left holding the bag.
Either AI fails and CEO/C-Suite made their money already, or AI succeeds and they carved an early lead in the market and gamble even more.
Workers are only there to build the biggest stack of chips possible before it gets cashed out.