the guy who got Elon and Grimes to hook up, destroying Twitter and then Reddit

https://davidgerard.co.uk/

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Joined 2 years ago
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Cake day: June 27th, 2023

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  • yeah, Nvidia is gonna be fine. They make a useful thing that people want and is the best in its field. I’ve spoken to Nvidia people, they know damn well this is a bubble and they’re making hay while the sun shines, but also NVDA has always been volatile as hell and they tend to assume Mr. Market is just on crack again.

    The AI bubble takes out tech and thus the S&P 500. US stocks are fucked. Buuuut, I expect to see in about six hours that they’re fucked already. Edit: it’s coming up 08:00 UTC. Asia and Europe markets open, down about 10%. Yyyyeeeahhhh boyeeeeeeeeee








  • so I previously predicted the AI bubble would pop on Trump’s watch and crash the stock market. Never did I envision Trump doing it to himself, in a manner so stupid I’m not sure anyone anticipated it.

    I’m wondering what this does to the AI bubble. I think the bubble is led by trillions of dollars desperate for lottery-sized returns. There’s so much family, pension and sovereign wealth money that can’t get returns on sane investments that they’re left only with insane ones.

    This is not about tech at all. If they thought they could do a tech bubble with ELIZA chatbots, we’d have number power plants being restarted to power hyperscale data centres running billions of copies of ELIZA.

    What would it take for this crash to affect the AI bubble materially?