Joseph Lim :mastodon:<p><a href="https://mastodon.social/tags/Bubble" class="mention hashtag" rel="tag">#<span>Bubble</span></a> Trouble<br />"VC funds hv poured ~$200bil into <a href="https://mastodon.social/tags/generativeAI" class="mention hashtag" rel="tag">#<span>generativeAI</span></a>. Making matters worse, e stock market’s <a href="https://mastodon.social/tags/bullrun" class="mention hashtag" rel="tag">#<span>bullrun</span></a> is deeply dependent on e growth of <a href="https://mastodon.social/tags/BigTech" class="mention hashtag" rel="tag">#<span>BigTech</span></a> cos fueling e <a href="https://mastodon.social/tags/AI" class="mention hashtag" rel="tag">#<span>AI</span></a> bubble. In 2023, 71% of tot gains in S&P500 were attributable to e <a href="https://mastodon.social/tags/MagnificentSeven" class="mention hashtag" rel="tag">#<span>MagnificentSeven</span></a> —Apple, Nvidia, Tesla, Alphabet, Meta, Amazon, & MS—all of which r among e biggest spenders on AI. Just 4—MS, Alphabet, Amazon & Meta—combined for $246bil of capital expenditure in 2024 to support e AI build-out" 1/2<br /><a href="https://prospect.org/power/2025-03-25-bubble-trouble-ai-threat/" target="_blank" rel="nofollow noopener" translate="no"><span class="invisible">https://</span><span class="ellipsis">prospect.org/power/2025-03-25-</span><span class="invisible">bubble-trouble-ai-threat/</span></a></p>