I don’t know about you, but all the Nvidia and Jensen Huang throwing money at the entire AI ecosystem is giving me the same vibes when SBF pulled the same shit in 2022.
That now infamous Fortune cover story “The Next Warren Buffett”
Discussion
Nah. They're really trying to make chat bots good enough to keep calling them "AI" and pretend they're doing everything so they can be used as a shield from accountability. This helps corporations control everything.
This also helps stabilize demand for corporate stocks up against hard money, which also helps corporations control everything.
Using "regulatory pressure" and propaganda to steer people into putting hard money in third-party custody, and then stealing it, also helps with all of this.
All of that being said, also very important to remember: THE BUBBLE CAN ALWAYS POTENTIALLY FLY HIGHER OR CRASH TO THE GROUND. STOCKS ARE A GAMBLING GAME NOT AN INVESTMENT, HARD MONEY IS AN INVESTMENT
Resending this given that now OpenAI is planning a direct investment into AMD. All very suspicious.
Haha I get the sentiment but JH is very very different to SBF…. Certainly a big circle jerk / money go round between the key players. It does seem a bit odd, I wonder how common this is across other industries and sectors?
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.
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?