I’m no analyst but just eyeballing that cup and handle makes me think the next high will be over $100, easy.
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Same as usual I imagine, they just bribe pension fund managers/committees to buy the toxic crap.
Although this time around, they seem to be looking to tap private equity - which the general public are suddently being ‘allowed’ to invest into - to really rinse the rubes.
I don’t think we’ve ever had such a massive bubble being called like this, before it bursts, before though … Usually the mainstream media and the ‘experts’ just look the other way until bursts and then claim that no-one could have predicted it. This is front and centre - though I’m still not sure if enough of public will care to take notice.
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AI Bailout - At Your Expense
- Despite denials from Washington and AI leaders, industry executives are already discussing government “backstops” and indirect support.
- OpenAI faces massive spending commitments far beyond its revenues, raising doubts about long-term financial viability.
- Subsidized data centers and rising energy costs reveal how public resources are already propping up the AI boom – and hint at a broader bailout to come.
There’s an old adage in Washington: Don’t believe anything until it is officially denied. Now that the Trump administration’s so-called artificial intelligence (AI) czar, David Sacks, has gone on record stating that “[t]here will be no federal bailout for AI,” we can begin speculating about what form that bailout might take.
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At this point BRICS folks must be thinking what are we smoking in west that stuff will be looted to build AI that money ran out… this must look like bad comedy movie from outside.
Medieval times they had churches and other monuments they built some of those 30 or even 100 years. I guess we have these electric wasting datacenters for “AI” now as forever project.
Vague memory that China curbed some of their datacenter building to not waste too much electric, as despite big capacity building also they dont have infinite supply of it. (Thinking sanctioned nvidia hardware is actually nonissue/positive for them as electric capacity is pretty tight everywhere)
- as long as they can simply access cloud AI platforms somewhere in US, they get double win: no issue or risk of building thiscapacity + taxpayer and US risk money subsidized R&D and AI capacity they can use “pay per view” basis without any downside (water usage, electric, capex tied+risk)
Masayoshi Son might know a thing or two about bubbles and risk. The fact that he isn’t willing to exit slowly says a lot to me.
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