A worrying number of influential people seem to have forgotten how bubbles work. When the bubble starts to burst it won’t first manifest in Nvidia’s results, but in smaller loss-making AI start-ups struggling to secure the investor funding they need to keep operating. This will slowly propagate to larger loss-making AI companies, and the collapse will be well underway by the time it shows up in Nvidia’s results.
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Kate Morley
@katemorley@hachyderm.io
Posts
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A worrying number of influential people seem to have forgotten how bubbles work. -
Just deleted 1,227 lines of legacy code.Just deleted 1,227 lines of legacy code. I love deleting code. I dream of one day deleting all code.
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You’re hosting a birthday party for your son, and the other kids are upset because he’s taken the entire cake and shut himself in his room, refusing to share it.You’re hosting a birthday party for your son, and the other kids are upset because he’s taken the entire cake and shut himself in his room, refusing to share it. Some kids are quietly collecting up the crumbs while others look like they’re about to riot.
You could demand he comes out of his room and shares the cake, but you have a different idea: ignore the chaos around you and try to bake another cake. You wouldn’t give the second cake to the other kids though: it’s your son’s birthday, so it should still be his cake. You’re sure that once he has two cakes he’d share some with the other kids.
You are a politician rejecting directly redistributive policies in the vain hope that encouraging economic growth alone might reduce inequality.