One of my favorite YouTube channels (Patrick Boyle) dropped a great video titled Does OpenAI expect a Government Bailout this morning.
Patrick Boyle is probably my favorite general commentary person on Finance and Banking.
If you’ve followed me you’ll likely know my general hate-on for generative AI and the whole AI nonsense we are now forced to deal with on daily basis.
However, I rarely discuss the financial/ecological implications of all this nonsense over the past few years.
I had a serious discussion with my investment banker just last week about where I wanted my money invested, and had to explain to him the dangers of his (and his industry) believing that the current tech stocks that have basically become the only thing holding up the terrible ‘murican economy are a great thing.
There has been very very little created over the past 3 years that has produced anything truly amazing.
The money circle jerk will have to end. That’s the way capitalism without any actual purpose goes. And these fuckers will reap/steal what they can and the general populace gets zero in return.
This is why guillotines are a healthy and solid option in 2025.