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AI Bubble Just Reached Peak Insanity...You Won't Believe This

Rebel Capitalist News

Hello, fellow Rebel Capitalists, hope you're well! So I think we have hit the peak in the AI Bubble CapEx Spend Insanity. I've got a story to share with you that's going to make your blood boil if you don't like financial engineering, which I absolutely hate. But the rich get richer, the poor get poorer.

And unfortunately, right now, in the world that we live in, the U.S. economy, this is being exacerbated by these mega tech companies. And quite frankly, it pisses me off. It really, really pisses me off. Because they're just robbing from the poor and giving to the rich. And they're just pulling the wool over people's eyes through this ruse that is the AI Bubble. Now, is AI the future? Absolutely.

There's no questioning that. There's no questioning that. But what's happening right now in this space, in this circular economy, if you will, is criminal. At the very least, it's wildly unethical. Let me show you exactly what I'm referring to. Let's do the screen share. I don't know where Josh is. He's swiping on Grindr or whatever he's doing. Okay, so let's go over to CNBC.

Now, this is from the beginning of June. But it really highlights this peak insanity we're dealing with. And I didn't realize Google actually did this. And I'm on a chat, like a WhatsApp chat, with some hedge fund guys. And someone actually pointed this out. And I'd give them a hat tip, but these guys want to keep it on the down low. So I won't mention this person's name. But check this out.

AI Bubble Just Reached Peak Insanity...You Won't Believe This

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AI Bubble Just Reached Peak Insanity...You Won't Believe This

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.