[razoorka]

This whole thing looks like a bubble in slow motion.

A “non-profit” that somehow buys stakes, signs multi-billion supply deals, and moves markets based on promises of future models — all while technically owning nothing tangible. They’re leveraging their own paper value to buy more paper value.

It’s circular finance at scale: every deal increases the perceived valuation, which then becomes collateral for the next one. No audited revenue stream, no proven business model - just a loop of hype, compute contracts, and self-referenced worth.

At some point, someone’s going to ask what exactly is being sold here besides narrative.

[bwfan123]

What surprises me is the pace and size of these announcements. So many announcements so fast and each one at least 100B all involving openai. Reminds me of a quote by Chuck Prince - Citigroup CEO from 2008 - "As long as the music is playing, you've got to get up and dance"

[razoorka]

Pretty much. Strip away the AI narrative and there’s not much else driving growth right now - manufacturing’s flat, consumer spending’s slowing, and traditional tech margins are shrinking.

This artificial boom in “AI infrastructure” is basically the last engine keeping the charts pointing up. When that music stops, there’s nothing underneath it but leverage and power bills.

[tim333]

Reminds me of PGs 2008 essay passage:

>Sam Altman has it. You could parachute him into an island full of cannibals and come back in 5 years and he'd be the king. If you're Sam Altman, you don't have to be profitable to convey to investors that you'll succeed with or without them.

Looks like he's doing well wheeling and dealing us cannibals.