The point is that if we're to be mistrustful of his incentives, why are we never to be mistrustful of the incentives propping up AI (again, through the lens of boosters and evangelists) My guy is always honest and pure but your guy has to be bad, as it were.

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ai is all like "hey beavis, i'll buy one of your candy bars for a dollar.. " www.youtube.com/watch?v=6s2x...

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I actually think Ed hates me now for telling him that actually, no, American companies intentionally embedding themselves into people's 401Ks and the American defense infrastructure at a rapid pace will not be allowed to collapse overnight, that they will be bailed out. But the scam he sees is real.

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There is no doubt that this is an overleveraged bubble, that five or six companies keep lending money back and forth to each other to make their books look cleaner than they are, and even despite this they are all deeply underwater. Ed's problem is he predicted the market would correct for euphoria.

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The economics of AI are uniquely ridiculous and bad, though. The money isn't there without a government bailout. They are literally trillions in debt, some of them independently, purely on infrastructure costs that will only keep rising. That the scam has been allowed to continue is not his fault.

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