If you bet on red long enough on roulette it will come. He got the housing bubble right, but what else was he doom and gloom about?
I agree that ai bubble is a thing. I also recognize that all businesses are over inflated in value. It’s because there was a shift from being profitable to being marketable. Many over inflations are due to the marketing aspect (ad revenue potential). Based on billions of users that are mostly bot networks and phone farms. With programmed clicking to generate activity. All billing the ad revenue scheme. All costing money driving up the cost of everything.
The system is so big it feeds itself, So we think. And it’s all good till the music stops.
They game the system for more shiny barbles, for what in the end.
Burn it all down. Go micro local, fuck as revenue, jewtube, and all of it.
He called the housing bubble by looking at the data and seeing that it was rotten. Same thing here. He also bet a lot of money on the bubble collapsing last time. Same thing here.
If he had a history of false positives he would have been bankrupt long ago because he invests in these predictions.
You’re right that companies are promoting their stock more than their products right now. The sales pitches are starting to sound desperate though; “We’re not Enron!”
Still, there are plenty of idiots left who think LLMs are intelligent, or that they will be soon. This bubble has some time to go before it pops.
So all the other failed predictions, Was he looking at that data?
I mean I get some Shit is too big to fail and pushed by (((forces))).
But he’s been wrong more than right.
Like I said, if he was wrong most of the time he would be broke and no one would care that he is betting against the AI giants with a few dollars of put options.
Just like last time he is also not the only person calling out this fraud. He’s just drawing more attention than the others because of his track record.