this pcr post is like the definition of ennui: i don't know and i don't care. ai is far down the road of things i can understand or care about. i know its a big thing that greatly affects my world but like microbiology, there are real things beyond my attention span; 

Is AI Overheating?

Paul Craig Roberts

On November 17 Bloomberg reported that Peter Thiel’s hedge fund sold its 537,742 shares of Nvidia during the third quarter. This month SoftBank sold its stake in Nvidia reportedly worth $5.8 billion. Bloomberg sees the sales as a retreat from investments in Nvidia, the leading provider of artificial intelligence chips. However, SoftBank says it sold its Nvidia shares in order to increase its investments in OpenAI. These are large numbers, but small compared to Nvidia’s $4.6 trillion market capitalization. It is the size of the market capitalization and the large depreciation that might be the problem.

Michael Burry’s expressed uneasiness about problems resulting from very rapid developments in AI, especially as they relate to Nvidia and Palantir (Nvidia makes AI chips and Painter develops AI software) has focused some attention on the depreciation problem resulting from rapid change  that could bring down share prices in the AI arena, including Google and Microsoft.

Michael Burry was the only person who saw in advance the collapse of the mortgage derivative market. No one in the financial sector saw it coming, and neither did the Secretary of the Treasury, the Chairman of the Federal Reserve, and the Chairman of the Securities and Exchange Commission. These three stooges went to Congress and stopped Brooksley Born , Chairman of the Commodity Futures Trading Commission, from regulating derivatives.