So this guy makes the argument that we are a experiencing a fundamental shift in the stock market. While previously tech companies used stocks to pay out compensation to their employees and to keep their shareholders happy (through stock buybacks), due to the build out of data centres, they need cash and they are beginning to use stocks to raise capital. SpaceX is merely the first.This leaves me worried. The bet on AI and data centers seems quiet risky to me, and it looks that the retail investors might be the one left holding the bag, through IPS that are marketed towards retail, and through passive investment in index funds.https://www.youtube.com/watch?v=wKXgeNwNRJ4
Hes wrong, retail won
>>62372293That google and apple stacked literal billions in Ireland is true and it's not a secret that they revert that now to invest into AI.This isn't his take.What I learned from him is that Musk is confident enough to sell his stocks for millions of retail peeps and cuts into wall street people. Wonder if that will be a theme with Antropic. I don't think it will be that extreme.The fact that it happened with SpaceX is I think enabled by how Robinhood etc. changed the scene 7 years ago.Generally, gambling is a huge things now. See Polymarket.As for AI, I don't think the bubble will pop before the printing starts. I'm looking for the printing, since then cardboard will fly again, even more than now.
>>62372293>The bet on AI and data centers seems quiet risky to meIt's less risky when you consider that every data center can replace or add thousands or even millions of office workers, but without any payroll costs. That's why big money is all-in here.
>>62372424max IQ to believe this?
>>62372424>Replace millions of office workers>Now mass unemployment>Nobody has money for anything anymore>All the businesses can't sell their products anymoreWhat happens at that point?
>>62372424It is not unreasonable to believe that soon enough, local models will be powerful enough to do most of the office work.
>>62372439What do you think happens anon? The useless eaters starve while the ultra-rich are coddled by their android caretakers until their eventual demise.
>>62372341by printing, are you referring to the printing press? Don't you think the fed will have to raise the interest rate to fight inflation? I am in Europe and that's what's happening here. Dunno how it is in USA
>>62372476US can’t raise interest rates without increasing money printing because interest payments on the national debt are now a fifth of government expenditures. They’ll crash interest rates to zero and crater the value of the dollar before they agree to austerity and entitlement reform.
>>62372491Currently, the US interest rate is at 3.75%, compared to Europes 2.4%America shows much more fiscal discipline that Europe.
>>62372476>>62372513I don't have the numbers, but I think the consensus is that the US will eventually print themselves out of their debt.Raising rates also don't help with debt.But yes, inflation is the counter-current.
>>62372293>use stocks to raise capitalLiterally its first use case/thread
