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this post was submitted on 06 May 2024
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selling shovels in a gold rush
Nvidia double dipped with Crypto then AI
And the moment they scale up production the hype train derails.
So they don't scale up and we'll have another shortage.
Yes, life would be easier if they plan out these disruptive innovations in advance.
But nobody can really tell when the bubble bursts. Although it would be ironic if AI can indeed predict its own bubble bursting.
Or if money wasn't used as the ultimate priority mechanism for distributing scarce goods in a time of unprecedented inequality.