Asking for sources is always welcome with me.
Here’s a deep dive from Ed Zitron into the whole AI/LLM industry that details the heavy investment from several key banks (Deutchebank being one), and the shrinking finance availability from traditional means (bank loans, hedge funds, managed funds). It’s long but it’s really worth a read if you have a spare hour or so.
https://www.wheresyoured.at/the-enshittifinancial-crisis/
A glaring tell that I don’t recall him highlighting is that the hyperscalers have largely outsourced the risk of AI investment to others. META, Google, and Microsoft are making small bets on AI comparitively - they’re using cash assets they have as profits from other business models, which are still significant (measured in low billions) but dont require them to take loans or leverage themselves. This means they are playing it very cautiously, all the while they’re shoving AI into all their products to try to make it seem like they’re all-in and it’s ‘the next big thing’, which is helping their stock prices in the investor frenzy. Most of the investment capital required for the AI boom is going into hardware, datacenters and direct investment in the software development - and that’s mostly being avoided by the big guys. This allows them to minimize risk and still having a decent win if it takes off. Conversely If/when the bubble bursts they’ll still take a hit, but they’ll also still be making money via other streams so it’ll be a bump in the road for them - compared to what will happen to OpenAI, Athropic, Stability, the datacenters and their financiers.
https://archive.is/WwJRg (NYTimes article).














Thanks for your story. I’m a misfit nerd also, so it resonates with me.
I’m sure its something we can fix at large scale with government-funded mental health care, social programs, funding for community centers, and integrating mental health and social science studies into education, amongst many possible solutions that would get us to a society where everyone can find somewhere to fit in, and everyone has better options than the snake-oil salesmen when they seek help or are angry at a personal situation.
Unfortunately we presently live in the era of the techofeudalists, and eyeballs on ads and keeping users consuming are pretty much all they care about - not only do they not care if the media they promote and put ads alongside happens to be divisive alt-right hate media, they also benefit from the conservative (anti-regulation, small government, anti-tax) parties being pushed to power by these groups. It’s a frustrating feedback loop that we need to break free of, and governments worldwide seem ill-prepared to broach it.
Ugh. For context, I’m currently trying to steer a younger family member out of the alt-right pipeline and angry about how hard it is to beat constant access to thousands of videos / talking points pushed into their feed daily, with the couple hours I see them a week to attempt to ‘deprogram’ them… without trying to come across preachy or put them off learning alternative viewpoints (evidence-based reality). Its a struggle.