AI is a Ponzi bubble

Investor summaryBearish

Author dismisses the AI boom as a trillion-dollar Ponzi bubble after experiencing a hallucinated response from Google's Gemini.

Bear points

AI models still make basic errors, indicating the technology is not mature enough to justify its massive valuation.
The current AI boom is viewed as a trillion-dollar scam and bubble based on flawed technology.

GOOGLAI 资本开支

Post body

Buddy asked me about the Kospi circuit breakers last night and I planned to just screenshot the explanation from Gemini to him. Instead I get this horse 💩. Considering AI can’t even do simple addition a couple months ago, there ain’t no way this trillion dollar scam isn’t a bubble.

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