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Free newsletter: Anthropic’s S-1 uses an anomalous quarter to con investors into becoming its exit liquidity, and explicitly states that its costs will grow aggressively as margins decline. Its $430bn in non-cancellable contracts are yet to start hitting.
wheresyoured.at/exit-liquidi…
Ed Zitron retweeted
had to make this after what jon stewart said at the 41 minute mark
Joined Jon Stewart on @weeklyshowpod to talk about the AI bubble, the massive credit risk of AI data centers, Anthropic's S-1, and how American retail investors are massively exposed to the unwinding of the AI trade.
youtube.com/watch?v=3sDzlv-V…
Ed Zitron retweeted
He's waited decades for this. He's never stopped believing. This is a dream come true.
Enjoy this clip. He's everybody's dad tonight.
#brewcrew #mlb #milwaukeebrewers
Ed Zitron retweeted
Free newsletter: Anthropic’s S-1 uses an anomalous quarter to con investors into becoming its exit liquidity, and explicitly states that its costs will grow aggressively as margins decline. Its $430bn in non-cancellable contracts are yet to start hitting.
wheresyoured.at/exit-liquidi…
This leads off an excellent Bloomberg story about Megaspeed, and I think it understates the sheer scale of its operation to ship GPUs to china. Megaspeed is an obvious front for a Chinese company running NVIDIA GPUs
bloomberg.com/news/features/…
Don’t worry about it
Banks are delaying plans to offload part of a $15 billion loan to fund a data center tied to Anthropic in Texas, after the state put a hold on new projects while assessing risks to its power grid bloomberg.com/news/articles/…
AI is quite literally losing Google Search money
theregister.com/ai-and-ml/20…
Ed Zitron retweeted
“Do they believe their own bullshit?” Jon presses Ed Zitron (@edzitron) for insight in how tech’s business leaders are rationalizing their massive debts that are servicing the advancement of AI.
