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Agreed. The speculation is telling and reflects on the speculators more than reflecting a reality we understand. No one knows what will happen next.

I remember the days when Facebook and Google and other familiar giants were painted with the same brush-- all negative speculation as to them being overvalued and on the cliff's edge of doom, because no one could imagine how they'd survive their obscene overvaluations. How and when will they monetize? How will they ever bring in enough revenue to justify the insane capital spending?

Yes, exactly this. No one is releasing the details of the contracts because they aren't real commitments in most cases. They are almost certainly agreements to spend up to x at y pricing mechanism, can be cancelled, etc etc.

Bloomberg maps the $8T AI bubble: a closed loop of money and momentum - https://www.linkedin.com/posts/michael-lee-4049593_signal-bl...