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The AI Rally Trapdoor Just Swung Open Violently
The AI Rally Trapdoor Just Swung Open Violently
Submitted by QTR's Fringe Finance
Last week, I wrote a piece titled “It’s Official: The AI Emperor Has No Clothes,” arguing that the artificial intelligence bubble was approaching the point where investors would be forced to confront the financial reality underneath years of hype, circular financing and absurd valuations.
A couple of weeks earlier, I had predicted that the AI bubble would begin to burst within the next six to ten months. My argument was that the equity market was still pricing in a...
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