The cloud industry has a combined market cap of around $250Bn, and the stakeholders (MSFT, AMZN, AAPL, etc) have combined market caps on the order of 10% of planetary GDP, and they're locked in a multiway prisoner's dilemma game with escalating stakes.
When this bubble bursts it's potentially going to cause a global recession. Never mind all the folks whose wages have been depressed or whose jobs have gone away because management bought into the AI grifters' spiel.
https://wandering.shop/@cstross/112869289783952402
Charlie Stross /
npub1ya…gla7e
2024-07-29 10:27:25
Author Public Key
npub1yacj26q9parem5fqf2s3ym9xkxghkk0w2jc63aglsnl2fmyhshnszgla7ePublished at
2024-07-29 10:27:25Event JSON
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