His thesis was sound in a rational world but our world isn't rational anymore and his data center REIT short got obliterated by the AI bubble.
They say you will get refunded in you cancel within 30 days of the yearly charge. We did so, but I am wondering if M$FT simply and reliably does the refund. Or will I need to spend hours on the phone talking to a M$FT AI Customer Rep trying to get what is promised. Sincerely... I would appreciate others experience. I could do a charge-back in the next few days if the "promised, easy route" is not available. TIA, RF
Snowflake bought streanlit (a bad python UI/UX) for 800 million in 2022. I still have not seen a single deal even close to that bad post 2023, and especially post interest rate hikes.
https://datafortune.com/snowflake-acquires-streamlit-for-usd...
Actually investing in AI is smart and will deliver unfathomable ROI. AI bears deserve to reap what they (don’t) sow.
Are these things related? Why is the tech bubble popping in 2022 a necessary condition for current AI hype being a bubble?
They are too far in to turn back. They got into AI via fear of missing out (FOMO) and now they are too heavily invested to write it off on their balance sheet. To revert now would cause nothing but trouble.
> Less than half of current AI projects had generated more in returns than they had cost, respondents said. They reported the most success using AI in marketing and customer service and challenges using it in higher-risk areas such as security, legal and human resources.
I.e., the best success has been in cutting jobs, not in aiding the productivity of individuals.
That said, the B2C AI market is a joke compared to the B2B market. Consumer AI use is an undeterminable black hole of money. All the bubble talk does make sense in context of normal-ass people using ChatGPT on their phones all day. Advertising is the only possible application for this market and it's already incredibly saturated.
mghackerlady•1h ago