Good lord man …. Thanks for the engagement. Hope you found it all of value.
As for the incestuous nature of all the American AI investment, the only thing I can draw upon is the Keiretsu arrangements in Japan back in the 80s.
Discussion
looking up Keiretsu arrangements...
Basically it was a strategy where various Japanese corporates invested into one another with the thinking that doing so provided some sort of competitive global advantage.
I did, for a time. Then one domino began to fall and others quickly followed.
Unsurprisingly, the core of each Keiretsu was a major bank.
Thanks for the explanation Peter, this is super interesting.
I might enlist Hal (Grok lite ) for some extra info.
nostr:npub1pm5z0gmw3wcvl3yreuv8y7q3stz2zmzc4jar4ckhk927qdcwjwuq3txe07 can you provide some colour on Keiretsu business practices in Japan, years this was active, some of the key players and what some of the outcomes - positive and negative were? Thanks
Ah assume this was before Japan imploded delivering 40 years of stagflation?