Broadcom delivered a forecast for the current period that disappointed investors, signaling that AI-fueled sales are growing more slowly than some had anticipated https://t.co/neVeQjnehi
The AI Bubble is being driven by the fantasy that AI can replace human labour cost effectively. It can’t. The cost of compute is too high. Semiconductors are too expensive. GPU’s, CPU’s, even a commodity like NAND flash memory. Power is too expensive. Water is too scarce. Key metals are too expensive. It’s cheaper for humans to do the work than burning tokens using Claude Code or OpenAI Codex. The layoffs were premature. Humans are cheaper than compute.
WATCH: @edzitron absolutely destroy the AI narrative by explaining these AI companies have no way to be profitable.
(My personal theory is Elon Musk is rushing to take SpaceX public because he plans merge with Dario's Anthropic as a way to destroy Sam Altman)
'It’s his annual Fourth of July bash, a highlight of the summer social season in the nation’s capital. Hundreds attend the celebration at the Ambassador’s palatial residence and grounds. This time they shouldn’t go. They should give it the big snub, leave the place deserted, leave him alone with his cake.'
🚨 Sam Altman warns OpenAi and Anthropic are experiencing severe pullback on Ai spending as companies put significant restraints on spending to restrict costs. The company warns investors it’s the first time this has happened in Ai and something we never expected. The buildout costs aren’t sustainable to allow profitability to hyperscalers or end users.
$soxx $dram
The strategy's release will come on the heels of a new Ipsos report that found Canadians' excitement for AI --already among the lowest globally -- has dropped further since last year.
https://t.co/pv9WVXGmFt
“A major AI infrastructure and software company says the agents fail to produce professionally acceptable work more than 19 times out of 20, and some analysts say the technology is overhyped and being used as an excuse to lay off workers.” https://t.co/rIjN4w1jLj
Pope Leo and other Christian thinkers have captured the gravity of the AI revolution in a way that many secular thinkers have not, @Tyler_A_Harper argues. https://t.co/D53TGDF3ZA
Took awhile for the Premier to get to the most obvious of pushbacks.
Alberta separation could cost ‘hundreds of billions’ says Premier
https://t.co/Ta0pvNyCEI