flywithfitz81
Oct 27, 7:41 AM
$BAC $BLK $MS $DIA $QQQ
"Oct 26 (Reuters) - Bank of America, Blackstone, Citi and Morgan Stanley will provide
$63 billion in financing to buy Broadcom's AI chips and networking gear for Anthropic, in one of the largest debt deals tied to the AI build-out."
Throwing away hundreds of billions of dollars on CapEx for a product you don't know how to make profitable is madness. (Full Stop)
Maybe, just maybe, we don't need to destroy the economy and our future today?
China's AI bubble has already popped, and China doesn't strike me as a country who just up and quits building powerful enterprise for no specific reason. They also rarely, if ever have put profit over party, and I can't imagine a better party control tool than powerful AI. Makes you think, no?
"AI Bubble Bursts in China, Wiping
$480 Billion: Is America Next?"
https://www.reuters.com/legal/transactional/wall-street-banks-blackstone-line-up-63-billion-finance-broadcom-chips-anthropic-2026-10-26/
https://finance.yahoo.com/markets/stocks/articles/ai-bubble-bursts-china-wiping-195630824.html
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