You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan?
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You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan? We all know that story usually has a "happy" ending. Right?
Well, SoftBank is basically doing the same thing. They are talking to banks to get a massive $40 billion loan just to buy a stake in OpenAI. It is their biggest loan ever. I’m sure betting the house on a single hand will work out perfectly this time. https://www.livemint.com/companies/news/softbank-seeks-record-40-billion-loan-financing-banks-fund-openai-stake-invest-masayoshi-son-ai-bubble-concern-liquidity-11772773618772.html
These AI people are running out of money
@nixCraft Ed Zitron's latest post is a good read related to this: https://www.wheresyoured.at/the-ai-bubble-is-an-information-war/
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You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan? We all know that story usually has a "happy" ending. Right?
Well, SoftBank is basically doing the same thing. They are talking to banks to get a massive $40 billion loan just to buy a stake in OpenAI. It is their biggest loan ever. I’m sure betting the house on a single hand will work out perfectly this time. https://www.livemint.com/companies/news/softbank-seeks-record-40-billion-loan-financing-banks-fund-openai-stake-invest-masayoshi-son-ai-bubble-concern-liquidity-11772773618772.html
These AI people are running out of money
the entire VC system is legalized gambling, with small companies and peoples' livelihoods as the damage instead of a gambler's family.
just like having a casino put into your neighborhood creates far more crime than real jobs, VC in your industry creates far more damage than value.
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Meanwhile BlackRock the biggest fund manager in world, started fund limits withdrawals as redemptions rattle private credit. Can you guess industry names that are using private credit (hint AI startups) ? https://www.reuters.com/business/blackrock-limits-withdrawals-private-credit-fund-redemptions-mount-2026-03-06/
Blackrock said on Friday it has limited withdrawals from a flagship debt fund after a surge in redemption requests, as investor worries mount around the $2 trillion private credit industry that giving loans to AI and software industry mostly.
these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.
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@nixCraft
Mean while it is now almost 6 months since Deutsche Bank went public with the news that they've issues reselling the debt of AI companies. Something like that usually marks the beginning of a bubble popping... -
Meanwhile BlackRock the biggest fund manager in world, started fund limits withdrawals as redemptions rattle private credit. Can you guess industry names that are using private credit (hint AI startups) ? https://www.reuters.com/business/blackrock-limits-withdrawals-private-credit-fund-redemptions-mount-2026-03-06/
Blackrock said on Friday it has limited withdrawals from a flagship debt fund after a surge in redemption requests, as investor worries mount around the $2 trillion private credit industry that giving loans to AI and software industry mostly.
Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html
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these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.
@nixCraft don't threaten me with a good time.
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these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.
@nixCraft agree… also too much pension money in there as well… pushed by investment banks… its gonna be bad….
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html
@nixCraft on one hand it makes me very happy to see the AI bubble burst, but it's incredibly sad to see that workers are the ones to suffer again
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these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.
@nixCraft and then small and mid sized businesses are going to go down and whos going to buy them? The tech bros and other billionaires! BOOM succesfully grifted and rugpulled literal coutries! Again
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Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html
@nixCraft if only oracle could go bankrupt and take tiktok US with them.
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@nixCraft on one hand it makes me very happy to see the AI bubble burst, but it's incredibly sad to see that workers are the ones to suffer again
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@nixCraft agree… also too much pension money in there as well… pushed by investment banks… its gonna be bad….
@mvrenselaar yeah, due to pension money i fear governments will step in again and honest tax payers will have pay for these AGI dreams of tech bros.
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@nbailey @marco @nixCraft here you make a miskate by englobing AI under "genai" like chatgpt.
but dozen of profitable AI run without behing those useless AI chat.
like document analysis, gramatical or tone correction and other system that do allow the fast analisis of existing information.
the part of AI that is dogsh*t is when you ask the AI to create thing.
edit: but thos ai that sell represent less than 1% of all AI BS so yeah it will not disapear.
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@mvrenselaar yeah, due to pension money i fear governments will step in again and honest tax payers will have pay for these AGI dreams of tech bros.
@nixCraft dreams? Or hallucinations
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these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.
@nixCraft cheery thought!
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these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.
@nixCraft
Instead of the investors jumping out of windows... Can they be forced to eat the billionaires? -
@nixCraft if only oracle could go bankrupt and take tiktok US with them.
@lexinova i read somewhere kids are quitting TikTok due all sort of stuff happening .. i never used that app so no idea. lol.
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@lexinova i read somewhere kids are quitting TikTok due all sort of stuff happening .. i never used that app so no idea. lol.
@nixCraft don't know either, but that would precipitate the process xD
