I’m worried their operating costs are higher than they admit. They keep dumbing down the AI to make it use less energy. Right now it’s a free product that uses a crazy high amount of electricity. They don’t seem all that close to profitability.

That’s the best case scenario. I’m imagining something more like Enron or Bernie Madoff - losing all value at once when people realized it was a ponzi scheme.

The AI bubble burst is gonna wreck the market and send us into another recession. Especially if the crypto bubble bursts at a similar time.