So, Is the Party Over???
Well, the unthinkable has happened, taking us totally unawares. Who could have seen it coming?
After years of round robins, and where we saw the majors borrowing from Peter to pay Paul which, for the record, AI itself said of this, “This practice is generally considered a temporary or futile solution that results in no net gain and often shifts the problem rather than solving it.” It’s also called the ‘Drunkard’s Path’ and a good name for it. We all watched it happen, in real time, but paid no attention to the man behind the curtain.
In case you missed it, Tech stocks wipe out $1 trillion in value as concerns deepen about the AI boom, NBC reported. Alphabet “shed about $500 billion in market value — its worst day ever and the second-worst wipeout of value in market history. On Friday, the stock dropped another 1.4%.
“In response, some investors are now looking at Big Tech’s massive AI spending through a more skeptical lens.”
Ya think?