alt Hacker News"I'm going to take this box razor and make some really deep cuts around the middle of my face because my tech sector is too good and that's actually a bad thing because $foreigners."
"I'm going to take this box razor and make some really deep cuts around the middle of my face because my tech sector is too good and that's actually a bad thing because $foreigners."
I'm not saying it's necessarily a good thing. I'm also not saying it's about foreigners at this point. It's about seeing a bet through. They've burned a metric crapload of capital on developing AI models and the infrastructure to host them. They want that money back and then some. Remember, the fine shareholders of OpenAI think that 100x returns just aren't reasonable and want that cap lifted. If this kind of thing continues, they'd be lucky to make their money back at all, let alone 100x.
Which would be fine, but as we know, people securitize the crap out of their investments these days, and least some people probably leveraged themselves on some US AI companies, so now the risk is spreading outside of the sector to the economy in general, which is made worse by the sheer amount of spending on AI.