Post #4357650

2026-08-03 12:23 UTC

'It's imploding. The take is that he's a decent stock picker but didn't hedge properly and was way over-leveraged. So $45 billion turns into $10 billion. These are the kinds of things you see as a bubble starts to burst. I've seen a lot of memes on the AI forums I follow, many in the AI community say "AGI is already here, we just don't realize it yet." I would counter that "the AI bubble pop is already here, we just don't realize it yet." https://www.theregister.com/ai-and-ml/2026/08/03/the-ai-bubble-is-already-popping-we-just-dont-know-it-yet/5282004

Replies (1)

@redsakana@infosec.exchange 2026-08-03 15:01

@Kjaerulv@mastodon.social It feels now like the run-up to Bitcoin $120k in 2024–5. Lots of seemingly-random volatility that somehow always results in bigger fish getting fatter by gobbling up some smaller fish, like Citadel grabbing Aschenbrenner's AI-bro fund mentioned in the article. Then after a few days everyone just goes back to waiting for the number go up and forgets that it failed to do so for a while because surely the fundamentals are sound. FT had an article about the same fund a few days ago and some of the interviews had pretty incredible copium levels. Actual quote: “We were wondering for three weeks who was driving […] that momentum sell-off,” [HSBC analyst] Kettner said […]. “Now we’ve found a narrative, and we can move on.”

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