Ed Zitron @edzitron.com · 29d

OpenAI's collapse could threaten the Paramound/WBD deal too. Ellison will have to raise $20bn+ in cash to complete it, which will require more margin loans on his Oracle stock. If Oracle's stock collapses below $70, his empire rapidly deteriorates. www.wheresyoured.at/the-openai-bubble/

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Ed Zitron · 29d

As tempting it is to relish in the schadenfreude of the AI bubble bursting, it’s worth remembering that it'll screw over millions of ordinary people. Altman's trillions of promises have led the market astray, and will cause widespread harm in the end. www.wheresyoured.at/the-openai-bubble/