Circular financing, without regard to technical limitations. We've known about this for a few years. Old news.
AI hype organizations like Latent Space (+ others) ban people who disrespect any aspect of AI today, and articles like this get buried.
Circular financing and various forms of booking sales ahead of or for future delivery are things that have caught up with other companies in the past and/or were straight-up SEC violations. Enron is an example.
Does Jensen's replacement have the industry connections, clout (or bully factor depending on perspective) and appetite to continue the circular financing? Its the CFO I think that is replacing him and they may have objected to these things all along and might have been over-ruled.
Yeah doesn't seem like news. More of a case of when than if.
HN has been talking about a crash for almost as long as Dario has been saying white collar jobs will be gone in 6 months and Sam has been saying they’re 6 months away from AGI.
At this point we may literally get commercial nuclear fusion power (which has been “30 years away” for the last 60 years) before any of the other things happen.
People should put money at stake on their idle speculations instead of being another doomer posting consequence-free wishful bias confirmations, hoping AI will fail and leave them be at their now-pointless jobs. This is also why prediction markets are useful signal, which I'm sure is another topic that rustles your jimmies. https://polymarket.com/event/ai-bubble-burst-by
At a certain point the entire economy is a cycle. These are like the....epicycles.
(...The design hack to make the geocentric models work. Maybe it's also a metaphor...)
hey c'mon, there's no need for that kind of language. it's called 'recursive financing'
Isn’t it what they call Recursive Self-Investment?