@iheartjurin it's like he has a heavenly restriction where he sounds exactly like fetty wap but he has to replace the last word of his sentences with "ayy" every time
๐จGoldman Sachs just confirmed something insane and nobodyโs talking about it
companies spent $450 billion in AI and contributed zero to US economic growth. not โminimal.โ actually zero.
these companies fired a total of 30,000+ human workers to bet on ai infrastructure. it failed.
so where did the money went?
> Nvidia took $130B. Jensen got rich selling GPUs - not from AI working, from everyone buying hardware.
> corporate buybacks got the rest. cut jobs, slash costs, pump stock, buy it back. money went to shareholders, not productivity.
> the bubble: H100 clusters sitting underutilized. enterprise contracts collecting dust. same hype cycle.
the damage is done. Meta fired 21K. Amazon 16K. Atlassian 1.6K. those jobs arenโt coming back.โโโโโโโโโโโโโโโโ
they bet the economy on AI productivity. Goldman confirmed there is no productivity. lmao
either this pays off in 18 months or we just witnessed the largest capital misallocation in tech history and we canโt undo it ๐