
Who will be left holding the AI bubble when it pops?
Before they realised they could scam the entire world by stealing people’s pension to inflate their IPOs [the Gen AI grifts] they actually called their products what they are: “Fake text generators” – Patrick Galey
There is no measurable Return on Investment for AI even today, there is no obvious path to profitability.
Most Data Centers started years ago are still unfinished.
The planned IPOs are liquidity events for Venture Capital.
The Index Funds are being forced to buy into these Trillion Dollar IPOs by rule manipulation- (that would be your pension money by the way) – Ed Zitron
“We put in place guardrails after the dot-com bubble for a reason…Because we remembered that there’s real downside risk to tying retiree savings to the fortunes of not only corporate America generally, but specifically the tech sector…In a moment of extreme uncertainty, instead of continuing to rely on those rules to make sure that people are protected from downside risk, we’re dismantling them.”- Elizabeth Wilkins, the President and CEO of the Roosevelt Institute to Fortune