Thread

1. Apes · 1790019664 · focus · HN ↗

   I'll believe it the day SpaceX - the AI company that is mostly making money selling datacenter compute using gas turbines for energy - takes a single day 90% or greater drop in stock price.

   1. Zigurd · 1790020028 · focus · HN ↗

      Currently nobody knows when the first big financial crisis is fully locked in. For example, if OpenAI can't close another round, and they default on their contracts with Oracle, there's your sign. Until then it looks like everybody is enjoying the communal hallucination.

      1. TacticalCoder · 1790020560 · focus · HN ↗

         > Currently nobody knows when the first big financial crisis is fully locked in.

         What do you mean the "first" big? 1929? 2001? 2008?

         Do you mean 1929 wasn't a big financial crisis and that, this time, we'll have the first "real" big financial crisis?

         I'm confused.

         1. Zigurd · 1790020794 · focus · HN ↗

            I mean the first AI financial crisis at an AI company. I did provide an example. First, the investor cash has to dry up, then the AI data centers have to start getting itchy about what those multi billion dollar contracts are actually worth.

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