people keep calling it an AI "bubble." i'm not sure that's correct. it looks a bit like a coordinated wealth attack.

VCs have very well trodden playbooks to underprice, take losses, astroturf dependencies and entrap. "Forcing" managers to outsource to products in an obvious entrapment pricing scheme seems irrational. Paying people to buy your own GPUs is irrational. Elites don't make billions by being purely fucking irrational.