You’re only cherry-picking some panic-mongering bias-confirming reporting here. Honestly - Yahoo? NBC? CNN? Why not Grandma’s Facebook shares and the Babylon Bee?
Plus, did you even read the Forbes article? The opening paragraph is literally what I’m trying to tell you.
For example, one huge thing you’re missing this is that the large companies of the Big 4 with frontier models aren’t taking out loans for this. It’s all the startups that are trying to draft on them that are using loans. THAT is a danger, that tens of thousands of idiots will sink a corner of the financial system from the sheer weight of defaulting loans because ChatGPT said their shit sandwich idea was “revelatory, and honestly, a great idea!”
But that’s not going to tank OpenAI or Google. Google has cash money. OpenAI as a fair bit of cash money. Meta has cash money. Anthropic had cash and then Trump tried to sink them… but they might be OK in the long run. They’re doing great on the code side of things.
What you’re also erroneously assuming points to a bubble points to how OpenAI, Google, Whatever Musk calls his stupid company this week, and Palantir all are doing to avoid classic bubble economics of huge loans to pay back. You don’t pay back stocks. It’s equity. That’s cash trading hands, not loans that come due one day. Hell, Antropic is buying server time from Grok - that’s real cash trading hands to perform a service. That’s not a bubble, that’s the kind of thing that prevents a bubble. Like, bro, do you even bubble?
You’re only cherry-picking some panic-mongering bias-confirming reporting here. Honestly - Yahoo? NBC? CNN? Why not Grandma’s Facebook shares and the Babylon Bee?
Plus, did you even read the Forbes article? The opening paragraph is literally what I’m trying to tell you.
For example, one huge thing you’re missing this is that the large companies of the Big 4 with frontier models aren’t taking out loans for this. It’s all the startups that are trying to draft on them that are using loans. THAT is a danger, that tens of thousands of idiots will sink a corner of the financial system from the sheer weight of defaulting loans because ChatGPT said their shit sandwich idea was “revelatory, and honestly, a great idea!”
But that’s not going to tank OpenAI or Google. Google has cash money. OpenAI as a fair bit of cash money. Meta has cash money. Anthropic had cash and then Trump tried to sink them… but they might be OK in the long run. They’re doing great on the code side of things.
What you’re also erroneously assuming points to a bubble points to how OpenAI, Google, Whatever Musk calls his stupid company this week, and Palantir all are doing to avoid classic bubble economics of huge loans to pay back. You don’t pay back stocks. It’s equity. That’s cash trading hands, not loans that come due one day. Hell, Antropic is buying server time from Grok - that’s real cash trading hands to perform a service. That’s not a bubble, that’s the kind of thing that prevents a bubble. Like, bro, do you even bubble?