doomer

I'm hoping for the AI bubble to pop. I want to see Nvidia and X and Tesla and Microslop and OpenAI all crash and burn.

But there's another part of me that knows there's a good historical precedent for what happens in these situations. My brain is zapped but Larry Fink was the architect of the previous market crash that led to BlackRock profiteering wildly and becoming the immense beast that it is today.

I know that the big AI companies/AI affiliated companies are what is keeping the US economy afloat at the moment and I know the US will play the "too big to fail" card to do yet-another immense transfer of wealth from the proles directly to these companies in the form of bailouts.

I don't think AI-only companies are gonna survive this. I think OpenAI might be the first domino to fall. But Google commands a vast amount of diversified income sources, unlike OpenAI, and I wonder if almost every other big player in AI will get swept under but, with big bailouts and the power that Google commands, it feels like they will be poised to gobble up all the smaller fish and expand their monopoly to integrate themselves into every level of government administration as the government cuts back on expenditures to weather the fallout from the bubble popping plus the immense cost of bailouts, so I can see it being a Faustian bargain where money goes into Google (either directly or indirectly), Google vacuums up all the business and especially the data centers, then Google offers the insolvent US government the "solution" of selling them terminals for every citizen interfacing role that runs on AI and embedding AI in all sorts of bureaucratic processes that occur mostly behind the scenes. For a "small" fee, of course. (Or maybe Palantir or some scumfuck company like Larry Ellison's swoops in and profiteers from the fire sale as the market burns.)

(I'd explain all the fuckery with Larry Fink and BlackRock and how I anticipate the parallels to play out this time around but there's a lot of threads and I'd have to have the brain power available to brush up on the sources and weave the narrative together but that's not gonna happen for me today. Has TrueAnon covered BlackRock yet?)

Strange to think that the scenario of the AI bubble popping and causing all sorts of economic catastrophe for the working class people around the world while the US starts to crumble and descend into fascism and civil war is my optimistic take and that my doomer take is that AI collapses but it doesn't take the market with it and instead AI gets monopolized, bailed out, and forcibly integrated into all levels of society while the US descends into fascism and civil war.