[SpaceBar]

Phase 1: Steal underpants...

[Vermont Lt]

Having worked in a bank, I can assure the writer that places pretending to be banks are frowned upon upon by the regulators. Those guys have no sense of humor.

[montag813]

Blue Owl, a private credit fund, owns the majority stake in the SPV; it put in a small amount of equity, and the SPV carries the debt. Meta has another 20 percent, which gives investors the confidence that they’ll get repaid without Meta having to put debt on its balance sheet. This has a side effect of highly rating these debt instruments, with “specialized” rating agencies doing much of the work, in ways that are more than suspicious.

"Blue Horseshoe loves Blue Owl!"

[Organic Panic]

Who will be left with the hot potato???

Oh yeah. The tax payers.

[montag813]

This will all be forgotten tomorrow, as NVDA just reported big earnings that have it up 6% afterhours.

[ComputerGuy]

A very interesting piece.
Thanks for posting.

[Pharmboy]

And them thar “automobiles” will never replace horses.

[BereanBrain]

I have been in Tech for 40 years. It’s not a bubble. I know bubbles, i have been through them.

Proof: NVIDIA earnings today, and their current order book of 500B$.

I use AI every day. It makes me 10-20x more efficient. I even use it in my car, to drive me 45 minutes through traffic to the office (TESLA FSD). Yes, i don’t touch the wheel, it backs my car out of the garage, and gets me through stop-and-go traffic to work. At work I use AI to increase my code output to 10-20x more than i could without it.

On my drive home, i long press the right button on the Model Y wheel and have a nice technical discussion with Grok -which is friction LIGHT YEARS ahead of Siri, and years ahead of ChatGPT.

[Snowybear]

My financial advisor and I were just taking about this last week.

-SB

[sauropod]

Bkmk

[zeestephen]

If AI actually does what it claims, a lot of completely average employees are going to lose their jobs.

That will be the most important consequence.

AI makes highly productive employees MORE productive.