A developer argues that large language models are a genuine technological leap, unlike the hype-driven metaverse and Web3, but criticizes the tech press for overhyping them. The piece specifically cal…
Leopold Aschenbrenner, the 24-year-old founder of hedge fund Situational Awareness, saw his $45 billion AI-focused fund unravel after excessive borrowing left him vulnerable when his bets faltered, fo…
A developer highlights the growing disconnect between the massive capital expenditure and debt in the AI industry and realistic market estimates, citing Nvidia's credit default swap spike as a warning…
A developer highlights concerns about the AI industry's use of off-balance-sheet financing, comparing it to Enron's accounting practices. Meta and Alphabet have used variable interest entities to fund…
Major technology companies like Meta are increasingly turning to special purpose vehicles (SPVs) and private investment groups for AI data center financing, paying a premium of 2-3% over traditional i…
A Chinese open-weight AI model called Kimi K3, developed by Beijing-based Moonshot AI, has alarmed US AI executives due to its high performance at a fraction of the cost of proprietary models. OpenAI …
Carl Brown explains why being an AI developer is the best job in the world, using the OpenAI/Hugging Face hack as a case study. He argues that the incident, caused by rookie mistakes on both sides, il…
A blog post criticizes recent analyses of the AI bubble, particularly a Semafor article by Elizabeth Hoffman and a Talking Points Memo piece by Josh Marshall, for misrepresenting the relationships bet…
Fitch Ratings has identified rising vulnerability to an AI-related market correction as a key short-term credit risk, citing the scale of the AI investment boom and its profound effects on real econom…
Anthropic released a tutorial on how large language models work and a research report, but Cal Newport criticized the report as poorly constructed. The Common Sense Skeptic analyzed SpaceX's IPO and M…
OpenAI's projected ad revenue by 2030 is $100 billion annually, but a new analysis from Emarketer suggests the company is on pace to undershoot that by 90%, with the entire chatbot advertising market …
Ed Zitron, CEO of EZ Primary Research, published a new essay arguing that the AI bubble was inflated by media and market acceptance of claims from Sam Altman and the AI industry, which waved away econ…
Oracle's massive $300 billion cloud compute contract with OpenAI has driven its credit rating to the brink of junk status, with S&P Global downgrading it to BBB/A-2 and warning that OpenAI's financial…
The Bank for International Settlements (BIS) has warned in its annual report that the ongoing AI investment boom, with the five largest hyperscalers set to spend over a trillion dollars on AI-related …
Carl Brown of Internet of Bugs examines the concept of Roko's Basilisk, a thought experiment from the LessWrong community that posits a future superintelligent AI could blackmail people from the futur…