Oh Jesus Christ⌠this is gonna make the 2008 crash look like a little dip in the markets, isnât it? We are in for a much worse time than the Great Depression mayhaps?
Itâs a bit like the railway boom in the late 19th century.
Foxconn says EV sales are so slow itâs converting a factory to build AI servers instead
Thatâs the Lordstown, Ohio facility.
But unlike the railway boom (and the 90s dot-com bubble), all this investment in AI isnât going to leave behind useful infrastructure for the rest of the economy.
Unless we can think of a good use for a few million used GPUs, that is.
Why, mining cryptocurrencies, obviously!
Olympic Crysis tournament?
Can we change the game? things your mom shouldâve told you covers how the rich fuel inequality, using / rigging the system to increase their wealth and control:
A month ago, I noticed new ads from Kodak on social media offering services to convert peopleâs old photos and films. Thatâs a service already provided by local businesses. Worse, there were a ton of comments about the high cost and months long wait times for a response after customers mailed their memorabilia to the company. The longest Iâve waited for similar work from local companies is two days.
Itâs also interesting to note that Kodak is getting into pharmaceuticals, since chain drug stores have been helping people get photos developed or digitized for decades. 
I am always amazed that the company that invented digital cameras was also done in by them.
Kodak has a long and sophisticated history of chemical process engineering and production. The jump to pharma maybe isnât so surprising in that light.
Theyâve had a medical device business for a while, so theyâre even familiar (at least in parts) with the regulatory environment.
Was going to joke that itâs too bad they didnât think of digital photography (because of course, they invented it), but then found this. Including that they bought into an online photo sharing site in 2001, and ended up selling it off for $25 million at the same time the relatively new site Instagram was getting bought out for $1 billion.