RE: https://chaos.social/@leonido/117053130734353217
How to prepare the next financial crisis.
#ai #ponzischeme
Jack William Bell
@jackwilliambell@rustedneuron.com
Whenever you are past the edge, out in the wind, look for me. NOTICE: All posts by this account are copyright to the author (Jack William Bell) and may be shared and remixed by human beings. Any use in Large Language Models or other AI training is specifically disallowed and considered an egregious violation of copyright. IMPORTANT! Do not boost or mention this account if you are using a bridge to a commercial service, like Bluesky or Threads.
rustedneuron.com
Replying to
@jackwilliambell@rustedneuron.com
#bubblewatch update:
This is one of the signals I've been watching for!
A Prominent AI Investor Is Now Crumbling, in What Could Be a Sign of Things to Come. https://futurism.com/artificial-intelligence/situational-awareness-ai-investor-crumbling
Situational Awareness, a much-hyped AI hedge-fund … basically imploded over this month amid a mass tech sell-off … it’s now down 67 percent … forcing Aschenbrenner to desperately seek clients to buy its shares on the cheap to cover its losses.
See also:
Miguel Afonso Caetano
@remixtures@tldr.nettime.org
Technical Writer @ UJET.cx (Portugal). PhD in Communication Sciences (ISCTE-IUL). Past: technology journalist, blogger & communication researcher. #TechnicalWriting #WebDev #WebDevelopment #OpenSource #FLOSS #SoftwareDevelopment #IP #PoliticalEconomy #Communication #Media #Copyright #Music #Cities #Urbanism
tldr.nettime.org
“In other words, you don't get rich from stock speculation by identifying the businesses whose profitability will grow the most – you get rich by identifying the businesses that other investors will pile into, pushing the price up. All you need to do is sell your shares after the price spike, but before anyone else figures out that the business is a turkey. It's like that old joke: "I don't need to run faster than the bear (market), I just have to run faster than you."
From the perspective of a cynical AI investor, the question isn't, "Can AI do your job?" The question is, "Can an AI salesman convince your boss that an AI can do your job?" So long as enough bosses are convinced to fire workers and replace them with AI, AI valuation will continue to climb, and if they time the market right, they can get out before those valuations crash. This proposition gets even sweeter if the CEO of the AI company is in bed with financial regulators and stock exchanges, and can force your financial advisor to buy his worthless AI stock with "little people's”
https://pluralistic.net/2026/07/24/supplemental-income/#andrew-tate-gwyneth-paltrow
#AI #GenerativeAI #AIBubble #PonziScheme
You've seen all posts