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Revealed: UK's multibillion AI drive is built on 'phantom investments' (theguardian.com)
parliament32 16 minutes ago [-]
The US is no different. All the deals seem to make sense until you take a step back and realize it's just a bunch of circular investments. This bubble bursting is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.

https://en.wikipedia.org/wiki/AI_bubble

embedding-shape 2 minutes ago [-]
> is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait.

When was that? Seems I missed it, the market cap of cryptocurrencies in general seems to still be around ~2.5T USD, way above what I thought an "implosion" would mean.

harel 4 minutes ago [-]
I don't disagree, but I can't join you wishing for it to happen. It's going to be bad for all of us.
smy20011 20 minutes ago [-]
Just multibillion?
Havoc 33 minutes ago [-]
Sounds a lot like Zuckerberg getting caught on a hot mike at the trump dinner about how many billion meta is investing

All made up bullshit numbers

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