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AI labs buy, scan, shred millions of rare books
(www.news.com.au)
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this post was submitted on 28 Jul 2026
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I really hope the AI bubble pops soon and takes at least some of these stupid companies with it. They've been operating at a GIANT loss for years at this point, how much longer will this go on?
Investors are starting to notice that it’s all smoke and mirrors in terms of the profits. I am reasonably sure it will pop this year. I will be utterly shocked if it doesn’t pop by the end of next year. It’s just so comically and obviously unsustainable.
This is gonna go down as the biggest Ponzi scheme of all time, I swear.
Biggest Ponzi Scheme so far
I dunno, the GameStop Bros are still waiting for MOASS. So I'd say the wealthy have more ways to keep the plates spinning than we wish they did.
At least GameStop is profitable though.
Be careful, because we will all pay the price when the bubble pops. It won't be just the CEOs paying the bill, it will be governments and people.
The longer it goes on for the higher the price will be. The sooner it pops the better.
It has to get worse before it gets better I guess
Depends on how much power the financiers have to fabricate capital from debt. In modern economics that's not necessarily a limitation. I do hope it will be tho.