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Joined @stephruhle.bsky.social on MSNOW to talk about the AI bubble, its differences to the Dot-Com Bubble, and how if AI "doesn't work out" it's everyone's problem, with retail investors making up 20% of the market's volume and having over $4.65tn in direct exposure to AI stocks.

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This seems like a ponzie scheme on top of potential international investment meant to *destabilize* the economy rather than solely make money, like Saudi Arabia and the Emirates. Upside, they make tons of money; double upside, the U.S. economy tanks and influence shifts to stable, sovereign wealth.

Thanks for always breaking everything down in a way that makes it much more understandable!… But now that I understand it more, I’m even more freaked out than when the “hugging face” incident occurred and every other time AI supposedly “breaks” its “boundaries” and “goes rogue”.

we're grading on a curve, with this old dude as the baseline also want to say that I am a long-time AI-hater (again, on a curve), who has come late to your writings, but they are exceedingly impressive well done and keep it up! the world *needs* your clear-eyed insight

Never watched her before, i thought maybe she would try some "why then number big?" Gotcha, but instead halfway through she took her glasses off and seemed to be really digging what you had to say. Good to see