This Bubble is Bursting, Piecewise
Last month: Pensions Tied to Ponzi Schemes Are Themselves Ponzi Schemes
Cory Doctorow warned about this in 2023 and we have repeatedly warned about it the same week Microsoft's Scam Altman spoke about an LLM-based chatbot. As techrights-news put it an hour ago: "Chatbots are NOTHING new. The DELIRIOUS hype is new."
This hype is paid for. It's a symptom of how compromised the media became.
It's nice to see Wall Street getting some reality checks [1-2] (however belatedly) and IBM won't be the last to get radically impacted. IBM is dead beef.
Google's debt more than doubled in months (nearly trebled as of March 2026) and we're beginning to see hint-drops about impending mass layoffs at Google, not just at Microsoft.
As we put it earlier this year: Biggest "AI Companies" (Meta, Alphabet, Microsoft) Borrowed (Additional Debt) About $100,000,000,000 in a Year
Yes, in one year! Just 3 companies. That additional debt is the same as the GDP of the whole of Belarus! █
Related/contextual items from the news:
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Stocks Sink on Anxiety About Tech and Hey Hi (AI) Spending
Investors are growing uneasy about increasing competition from China in the global race to dominate artificial intelligence.
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AI Bubble Fears Are Starting to Spill Over
Investors are freaking out.