The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.
The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.
If there’s no profit being made companies won’t keep spending. A large part of this bubble are the plans tech companies have to build out more AI. If these companies blink and reduce their plans it will begin the selloff. They’re still all in on forcing AI down your throat, because they need you to be used to using it so they can start charging you a monthly subscription.