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more than one person here sees it
Alphabet, Amazon and Meta still print enough money from their non-stupid sources for now. Oracle and SpaceX are fair bets for default.
more than one person here sees it
Paxton vs Glonzo
Texas Attorney General Ken Paxton has launched a lawsuit against OpenAI and CEO Sam Altman, alleging they misled consumers about the safety of the company’s artificial intelligence chatbot and failed to protect users from harm.
“.. the AI trade bubble is evident across the entire AI infrastructure stack. .. Names such as Teradyne, Lam Research, GE Vernova, Vertiv, Bloom Energy, .. have fallen 30% to 35% from their late-June highs, while their investment-grade spreads have widened 40 to 60 basis points ..”
1/4 of its workforce
all hype and no-payoff so far for the S&P493
https://www.apollo.com/wealth/insigh...he-tech-sectorDespite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech. Revenue per worker is rising for the Mag 7 but is flat for the S&P 493, see the first chart below. Profit margins are rising for the Mag 7 but are flat for the S&P 493, see the second chart below. And there are still no signs of AI boosting productivity growth, see the third chart below. With no impact on the bottom line, mainstream corporate America is pulling back and starting to view token spending not as a source of growth but as a cost center that weighs on margins.
who knew that AI companies talking about AI stealing people's work, people's jobs and destroying civilization would lead to bad media coverage?
Trump puts donors and personal connections above the USA
American spy agencies had gathered striking intelligence.
A top executive at a Singapore-based data center company was under scrutiny for possibly steering advanced Nvidia A.I. chips to China. And now American officials had concluded that she was a Chinese intelligence asset, funneling information to Beijing.
But what came next was even more alarming. Surveillance of the executive, Alice Huang or Huang Le, a Chinese citizen, revealed that she had developed a close relationship with Jensen Huang, Nvidia’s chief executive.
For years, Washington has worked to deny China the technology needed to match or surpass the United States in the intense global compe ion for superiority in artificial intelligence. The discovery that Beijing was getting reports from someone with direct access to Mr. Huang, one of the most powerful figures in the A.I. revolution as well ashttps://www.nytimes.com/2026/10/29/us/politics/nvidia-china-jensen-huang-trump.html?unlocked_article_code=1.MVE.SAvK.if3Jpb Alpp_H&smid=nytcore-ios-sharean influential allyof President Trump’s, set off alarms at the White House.
Roughly a year ago, Mr. Trump was briefed about the intelligence findings, which have not been previously reported, and chose not to do anything with the information. Mr. Trump has been wary of disrupting Nvidia’s chip sales, which are helping to drive the economy and the stock market, and of further complicating the trading relationship with China.
American officials already suspected that Ms. Huang was helping China evade constraints on its ability to gain access to advanced A.I. chips.
But the revelation that she was feeding information directly to Beijing raised more troubling possibilities, including that Mr. Huang had insights into Mr. Trump’s thinking on an issue of vital importance to both nations, one likely to come up when the president visits China next month. And it left questions about whether she could be gleaning information about Nvidia, which as much as any company accounts for the lead the United States has maintained in developing cutting-edge A.I. models.
When Mr. Trump was initially briefed on the intelligence last year, U.S. officials did not believe the Nvidia executive knew that Ms. Huang was gathering information for the Chinese. It is unclear whether intelligence officials have since updated their assessment, but some senior officials inside the Trump administration doubt that Mr. Huang could have remained unaware of what they had concluded was her intelligence-gathering role for China.
AI reverse-engineering proprietary monopolies as freeware?
The Bright Side of the Dark Side of AI
Adobe charged him to cancel, so he rebuilt Adobe
https://neuburger.substack.com/p/the...-the-dark-side
AI killing Google's business model
ft.trib.al/g8Q9IPxAlphabet shares tumbled 13% on Thursday after the Google owner revealed that 'AI mode' searches were threatening profits at its core advertising business.
AI is driving down web traffic
Gen AI search engines are designed to keep users from clicking onto new websites at all.
It doesn’t matter if you’re at the top. It still doesn’t drive web traffic.
Every small business has a version of this story.
*shoots own foot*
OpenAI CEO Sam Altman says having RAM in personal computers is an inefficient use of the world’s limited DRAM supply, arguing it would be better allocated to data centers, per Tom’s Hardware
says the first man in the world with $1T in debt
https://www.tomshardware.com/tech-in...er-utilizationAll the RAM Should Belong to Me, So I Can Charge People to Use It
Last edited by Winehole23; 6 Days Ago at 06:02 AM.
public money exposed to private risk
https://www.cnbc.com/2026/10/30/amaz...-concerns.htmlIntel’s plunge is also a big hit to the Trump administration, which led the U.S. government into taking a 10% stake in the company over a year ago. While it’s still a profitable investment, the value of those holdings dropped by about $12 billion on Friday.
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