AI for sale – pennies on the crypto
A prediction:
AI, and the companies that develop it – Google/Gemini, Meta/Llama, MS/OpenAI, X/xAI, etc etc – who are now 1T+ (yes, that's a T) in the hole to financial institutions (banks) wealthy investors and hedge funds, will (of course) have a day of reckoning when XYZ investor(s) realize their investment won't pay off in their own lifetime, and pull their money OUT of such and such companies.
But
Unlike what I've eluded to before, I think those exact same investors will then put their money into a (top) competing AI co. Then the dominos not just fall for the co that has the initial investor/investment loss, but a fast race amongst investors to see who can pull their money out of X company faster, and put that money inTO the dominant AI company at that time.
Do I KNOW this? No of course not. I cannot predict the future. Just an assumption.
But, when the remaining AI co's have that same debt ($1 trillion, maybe more, maybe less) in LOSS, the dominant AI co can buy up the hardware, software, and engineering talent of the disgraced company for pennies on the dollar. 10-figure purchase of technology worth 11 or 12 figures. Deal!
Part of the AI Notes series. Previous entries here