We're getting another round of THE AI BUBBLE IS POPPING stories, with the news about Uber/Microsoft pulling back on AI subscriptions bc their agent costs went crazy.
Maybe. But, per below, GPU rental prices are still up 2x from where they were four months ago. It doesn't seem like demand is slowing down, at all. When, eg, NYC hotel prices are twice as high as they were last year, you shouldn't believe people telling you that nobody is going to NYC anymore.
Maybe someone smarter than me can correct me on this logic, but if the price for accessing AI compute is skyrocketing, that's because demand is still significantly outrunning supply, which sounds to me like the opposite of the beginning of the end of a bubble.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Maybe. But, per below, GPU rental prices are still up 2x from where they were four months ago. It doesn't seem like demand is slowing down, at all. When, eg, NYC hotel prices are twice as high as they were last year, you shouldn't believe people telling you that nobody is going to NYC anymore.
Maybe someone smarter than me can correct me on this logic, but if the price for accessing AI compute is skyrocketing, that's because demand is still significantly outrunning supply, which sounds to me like the opposite of the beginning of the end of a bubble.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
JUST IN: Viral doorbell intruder who claimed to be a fictional wizard found incompetent to stand trial
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
😁8🤬4
This media is not supported in your browser
VIEW IN TELEGRAM
Cleveland life hack to get cheap property!
-> Shoot the realtors that show up at the house you plan to buy.
This will guarantee a cheap bargain price.
Yeah… Cleveland is screwed
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
-> Shoot the realtors that show up at the house you plan to buy.
This will guarantee a cheap bargain price.
Yeah… Cleveland is screwed
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
😁8🌚1
One unexpected benefit of AI automation may be that it encourages us to seek security in hierarchy once again, in line with the human experience for 99.99% of the last 200,000 years
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
The drugs for sleep are on the way.
For example, Bright Mind Biosciences found that their drug BMB-101 caused a 90% increase in REM sleep in people with absence seizures.
This led to a ~70% reduction in absence seizure count, without increasing the amount of time asleep!
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
For example, Bright Mind Biosciences found that their drug BMB-101 caused a 90% increase in REM sleep in people with absence seizures.
This led to a ~70% reduction in absence seizure count, without increasing the amount of time asleep!
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
👏1
This media is not supported in your browser
VIEW IN TELEGRAM
As a young socialist, Hayek read Ludwig von Mises’ 1920 paper “Economic Calculation in the Socialist Commonwealth.”
Mises showed that socialist central planning isn’t merely inefficient, it’s impossible.
Without private property and genuine market prices, planners lack any rational way to allocate scarce resources or determine real costs and needs.
Even Oskar Lange, a leading socialist in the calculation debate, effectively conceded the point.
While he promoted “market socialism” with trial-and-error pricing by a central board, real-world socialist planners in Eastern Europe quietly relied on world capitalist market prices as a guide.
Without external free-market price signals, pure socialism would be economically blind and coordination would collapse.
Mises went further, arguing that interventionism, the “middle way” of government meddling, is inherently unstable.
Each intervention creates problems that invite more interventions, eventually leading to full socialization.
Price controls cause shortages, subsidies distort production, and the cycle continues until the economy is fully planned.
The lesson is clear.
Rational economics requires genuine market prices emerging from voluntary exchange and private property.
Half-measures don’t stabilize the system. They accelerate the drift into central planning.
The Austrian School understood this decades before the collapse of the Soviet bloc proved it in practice.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Mises showed that socialist central planning isn’t merely inefficient, it’s impossible.
Without private property and genuine market prices, planners lack any rational way to allocate scarce resources or determine real costs and needs.
Even Oskar Lange, a leading socialist in the calculation debate, effectively conceded the point.
While he promoted “market socialism” with trial-and-error pricing by a central board, real-world socialist planners in Eastern Europe quietly relied on world capitalist market prices as a guide.
Without external free-market price signals, pure socialism would be economically blind and coordination would collapse.
Mises went further, arguing that interventionism, the “middle way” of government meddling, is inherently unstable.
Each intervention creates problems that invite more interventions, eventually leading to full socialization.
Price controls cause shortages, subsidies distort production, and the cycle continues until the economy is fully planned.
The lesson is clear.
Rational economics requires genuine market prices emerging from voluntary exchange and private property.
Half-measures don’t stabilize the system. They accelerate the drift into central planning.
The Austrian School understood this decades before the collapse of the Soviet bloc proved it in practice.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
👌4💯1