Dario explains well the ridiculous ponzi that OpenAI, Nvidia, and Oracle (amongst others) are perpetuating.
I see only 2 ways the βthis time is differentβ thesis plays out:
1. The bubble theyβve blown would destroy the Dollar itself, so Treasury will be forced to bail them out and cover their fraudulent tracks, probably via nationalisation ala Intel
2. The banks keep ploughing in made up money because some C-level retards can be convinced LLMs will become Gods and they can have their piece of it
Otherwise this is a carbon copy of the Dotcom bubble playing out. The same tricks, the same fraud, the same greed, the same good ideas too early.
Dario thinks itβs the last innings, again I think heβs too early; mania hasnβt arrived yet.
JustDario
THE LAST INNING OF NVIDIA'S GREAT REVENUE FABRICATION SCHEME JUST STARTED - JustDario
OpenAI and Nvidia’s fates increasingly appear tied to each other. On one side, we have a private company valued at several hundred billion do...
Click bait headline aside, Dario is doing some really good digging into the AI Ponzi scheme which Big Tech is running.
He seems to think it will all come apart any day now which I donβt agree with - thereβs WAY too much on the line for that.
But he seems to be directionally correct and makes a compelling case for a shitton of fraud going on.
https://justdario.com/2024/10/the-smoking-gun-that-proves-how-openai-is-microsofts-revenues-laundromat/
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