[LINK] Re: Pluralistic: The real (economic) AI apocalypse is nigh (27 Sep 2025)

[David]

On Wednesday, 1 October 2025 13:30:57 AEST Kim Holburn wrote:
> That's par for the course in AI, where it's normal for Nvidia to "invest" tens of billions in a data-center company, which then spends that investment buying Nvidia chips.  It's the same chunk of money is being energetically passed back and forth between these closely related companies, all of which claim it as investment, as an asset, or as revenue (or all three).
> [...]
> How much money is the AI industry making?  Morgan Stanley says it's $45b/year.  But that $45b is based on the AI industry's own exceedingly cooked books, where annual revenue is actually annualized revenue, an accounting scam whereby a company chooses its best single revenue month and multiplies it by 12, even if that month is a wild outlier.

Meantime back in the real world....  The execs of those companies continue drawing huge salaries in negotiable currency while the common herd see the prospect of a house and a modest, but affordable, lifestyle disappearing before their eyes.  Now if such inequity continues long enough, history demonstrates it usually results in revolution or civil war.  And the disturbances began quietly enough with a popular movement against mindless "doom scrolling", indeed it became cool to be seen as a strong, independently minded person without a mobile 'phone in sight.

In the next instalment of our feature "Origins of the Post-Industrial World"....
Climate change is still progressing inexorably.  Then one day a rather large chunk of the Antacttic ice-cap slides into the sea....

(;-)
_DavidL_