Just burst already ffs.
That’s just how markets work. Maybe you need to watch Bluey.
The circlejerk only continues until the first fella cums
tbf this is kinda the whole point of capitilism, keep people moving fake bullshit numbers around in a game of artificial scarcity/incentivized greed. meanwhile the oligarchs that actually run things can just have the government write em a blank check as needed
where profit ?
None. It’s a giant 69 hamster ferris wheel
how ? are the transactions free ? how do they move such quantity of money with out loosing some !
It’s almost like that scene in Office Space where the guys are trying to figure out money laundering, looking up the definition in the dictionary. Michel then says “What I don’t understand is how these Neanderthal Mafia guys can be so good at crime and smart guys like us can suck so badly at it.” It’s almost like these tech guys watched that scene and said “yeah!”
Screw the customers! GTFO customers! We’ll just make money up!
Oh it’s so much worse than that…
(I can’t figure out how to get a timestamped link on mobile. Skip to 29:34)
Yeah, Anthropic and OpenAI are around a trillion dollars in debt to all these companies, they are never going to be profitable, it is physically impossible for them to do that.
And all these companies have hitched their main business model on AI (for Microsoft it is around 70%), so they will get massively hit when the bubble bursts. They can’t allow that, so they just keep pumping more money into them, making the bubble bigger and bigger.
I start thinking that the economic growth we have seen in 2025 and this year is mostly due to these kinds of shenanigans. It all gets counted as part of GDP, despite the fact nothing was actually produced.
if you remove the bullshit AI spending we’ve been in a recession for awhile
You’re correct to think that. We’re in a gigantic bubble and when it pops these assholes are going to make it all of our problem.
That’s why measure of GDP is stupid. It counts every transaction. If you do your own lawn, cooked your own food, then you don’t contribute to GDP. But if you hire someone else to do that, then you increase GDP.
Self sufficient communities are bad for the GDP. That’s how they define “developed” country, because you have to pay everyone for everything
The more I learn, the more I get upset just how well the elite sold the scam of the modern world
"CapEx"being laundered to “revenue”.
Very legal and very cool.
It would be so immensely amusing if one of those companies got fined by the EU for something – with the fine calculated from their revenues. That should lead to some interesting fireworks.
Yeah, Ed Zitron has been writing about this for over a year. It’s not exactly Arthur Anderson/Enron, but it sure as hell rhymes.
Good call on mentioning Ed and his thread of keeping tabs on the AI circle jerk. Good stuff there with him.
and how much taxes from all those transactions?
Because if normal people does this they won’t have any money anymore at some points
Oh, zero. Actually, negative because of all the government money theyre wasting and eating and profitting from (privately, anyways. All of these companies bleed millions daily)
This seems like money laundering
Accounts it as revenue to who?
And nothing bad ever came of this…ever the end.
