I worry we’re going to reach a point where we’re too far down the rabbit hole and the million and billionaire class that’s heavily invested in the fantasy will just not accept their bad bet.
Well they sure have no qualms wrecking the very fabric of society and enshittifying everything trying to recoup their investment in job-busting technology.
So honest question: Has Microsoft already lost 80 billion? Do they plan/forecast this loss soon? I feel like all these companies announcing HUGE investments are actually just announcing that they have already lost this money and will just use the bubble busting as a way to legally write it off.
When this particular bubble bursts, it’s gonna make one helluva bang.
I worry we’re going to reach a point where we’re too far down the rabbit hole and the million and billionaire class that’s heavily invested in the fantasy will just not accept their bad bet.
Well they sure have no qualms wrecking the very fabric of society and enshittifying everything trying to recoup their investment in job-busting technology.
I was around for the DotCom Bust, stocking popcorn as we speak
So was I. It was nothing compared to what’s to come with AI.
So honest question: Has Microsoft already lost 80 billion? Do they plan/forecast this loss soon? I feel like all these companies announcing HUGE investments are actually just announcing that they have already lost this money and will just use the bubble busting as a way to legally write it off.