this post was submitted on 02 Jun 2026
92 points (100.0% liked)
technology
24384 readers
180 users here now
On the road to fully automated luxury gay space communism.
Spreading Linux propaganda since 2020
- Ways to run Microsoft/Adobe and more on Linux
- The Ultimate FOSS Guide For Android
- Great libre software on Windows
- Hey you, the lib still using Chrome. Read this post!
Rules:
- 1. Obviously abide by the sitewide code of conduct. Bigotry will be met with an immediate ban
- 2. This community is about technology. Offtopic is permitted as long as it is kept in the comment sections
- 3. Although this is not /c/libre, FOSS related posting is tolerated, and even welcome in the case of effort posts
- 4. We believe technology should be liberating. As such, avoid promoting proprietary and/or bourgeois technology
- 5. Explanatory posts to correct the potential mistakes a comrade made in a post of their own are allowed, as long as they remain respectful
- 6. No crypto (Bitcoin, NFT, etc.) speculation, unless it is purely informative and not too cringe
- 7. Absolutely no tech bro shit. If you have a good opinion of Silicon Valley billionaires please manifest yourself so we can ban you.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Are we close to the bubble burst? Seems like seed money / debt derivatives are drying up.
They need a next big thing to move on. This shit won't burst without several big players divesting at the same time.
The capitalist class is way too hooked on the AI sauce for the bubble to burst. They’re all in on this endeavor, which literally spells doom for humanity but I really think we will all die before this bubble truly bursts.
I think the fact we are seeing Anthropic and OpenAI race to IPO, the SpaceX IPO presenting SpaceX as an AI company and not a rocket company, and Google selling stock to fundraise for AI… I think all this heralds we are reaching the peak.
The people most directly in the know are absolutely speeding towards their financial exit.
I’m not sure I follow why you think what you said preceding this means we’ve reached the peak…
Like, it looks like they want to cash out basically.
Going public means they can sell shares and take profit. Convert the hype into cash.
If you believe in the profit potential of AI, then you can argue they’re going public in order to fund additional investment in building data centers.
But if you’re skeptical of its long term profitability and / or you’re skeptical about this being a “winner takes all” market, then it looks like they’re simply cashing in their chips now before the hype breaks.
I am skeptical about it - on both counts, I think models are going to remain very expensive to operate so will have limited use-cases that are truly viable, and I think this won’t be a “winner takes all” market since the models are essentially interchangeable with each other in a way that end-users can struggle to even notice, so it starts to look more like a low margin commodity.
I think the insiders have also reached this conclusion. There are hints of this.
eg Microsoft raising their token prices means they’re now much less willing to subsidize usage in order to win market share.
Another example of how xAI / SpaceX are now actually leasing their compute time to Anthropic, which is profoundly weird business strategy to adopt - if they believe in Grok as a product - since they should be a direct competitor.
I mean they will literally go bankrupt if they start paying the true price, not the financialized tech monopoly seeking price. Even if the CEOs are AI-brained, forcing it on their businesses will fail.