It's still interesting to me how the market seems to be treating the $NVDA turmoil as an $NVDA problem that won't spill out more broadly to other publicly traded companies.
@HoraceSpellman9@totalcrime Two options:
(1) give up and go American
(2) start cracking down on social media.
Currently the powers that be are indulging in option (3), which is:
Enforce contempt laws in the mainstream media and pretend social media isn't happening.
It’s all unravelling. Nevermind the blue wave, this story - Revolut cuts its AI costs 90pc by swapping to Chinese open source models - says it all about the end of of the AI spending boom https://t.co/upXPgcO72f
Investors appear to be worried that tech companies are both: a) spending too much on data centres, and, b), won’t be able to spend enough on data centres
@oliviasolon I'm finding the reaction to this latest crash incredibly ghoulish too, with the level of detail and analysis. Many of it tactless AI slop. May be just my algorithm...
What if Britain’s central economic problem is that cost saving and not investment is at the heart of decision making? This is the question posed by Ed Conway in his @NewStatesman cover essay which I just caught up with.
I cover the state and, broadly, I’d say this mentality is why we…
- don’t yet have spades in the ground building new towns
- why we haven’t built social housing and instead have a spiralling homelessness support and housing benefit bill
- and why we’ve focussed on unemloyment support as opposed to employment schemes for young adults and now have a growing benefits bill.
-allowed factories to close and jobs to disappear, leaving behind hollowed out and directionless communities
Conway also links this problem to defence and compares our desire to always do things in the cheapest way possible with Germany and China, where there is laser focus on certain manufacturing industries and exports, for instance.
https://t.co/H3HFpld40V