Hear that?
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RE: https://mastodon.social/@nixCraft/116188939207308679
Hear that? That’s what the financial side of the AI bubble popping sounds like.
Does it still count if the news is over a month old and the market is pretty much the same now?
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Does it still count if the news is over a month old and the market is pretty much the same now?
@Phosphenes these things unravel slowly.
BlackRock had to pause withdrawals from at least one of their private credit funds just yesterday. Blackstone too IIRC.
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RE: https://mastodon.social/@nixCraft/116188939207308679
Hear that? That’s what the financial side of the AI bubble popping sounds like.
@securingdev ... or in other words: AI scraped the internet empty and new internet content became increasingly AI generated ruminated garbage (or like in the below 2023 Forbes article: "Like eating your own vomit.")
Who could've ever imagined that? Except people who understand how AI and the internet work, of course.
Like eating your own vomit: Blackmagic's ex-billionaire founder unleashes on AI
Grant Petty, co-founder and disruptor-in-chief of Blackmagic Design, says AI is at its peak right now. And it's all downhill from here.
Forbes Australia (www.forbes.com.au)
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RE: https://mastodon.social/@nixCraft/116188939207308679
Hear that? That’s what the financial side of the AI bubble popping sounds like.
@securingdev The collective labour of the entire planet has been milked to fund vaporware data centers, and now all the human production is just gone.
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@Phosphenes these things unravel slowly.
BlackRock had to pause withdrawals from at least one of their private credit funds just yesterday. Blackstone too IIRC.
@securingdev @Phosphenes slowly then all at once, they say.
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RE: https://mastodon.social/@nixCraft/116188939207308679
Hear that? That’s what the financial side of the AI bubble popping sounds like.
@securingdev
Ramadan from Gaza 
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RE: https://mastodon.social/@nixCraft/116188939207308679
Hear that? That’s what the financial side of the AI bubble popping sounds like.
Amazon likely sees this as good news.
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RE: https://mastodon.social/@nixCraft/116188939207308679
Hear that? That’s what the financial side of the AI bubble popping sounds like.
Opened the article wondering if I'd see something about them selling Cerner and sure enough:
"Apart from the layoffs, Oracle is also mulling the sale of its healthcare software unit, Cerner, which it acquired for $28.3 billion in 2022."
No idea who they could sell it to, but I'm sure (privately held) rival Epic's sales team is licking their collective lips.
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RE: https://mastodon.social/@nixCraft/116188939207308679
Hear that? That’s what the financial side of the AI bubble popping sounds like.
@securingdev @djoerd Old wisdom has it that during a gold rush, only the people selling the pickaxes and shovels make any money -- but it seems that isn't true anymore either.
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@djoerd Nvidia is also exposed because it is investing in companies that invest in data centers too...
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Oh boy. Mixed feelings, as this 30k folks didn't deserve that, but no sorrows for Ellison getting smacked around financially.
@richard_vasquez live by the slop, die by the slop
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M mttaggart@infosec.exchange shared this topic
