The great crypto-crash has just begun – and it’s only going to get worse
In the same way some men like to boast that their yacht is the biggest, that obsession with size (I could use another analogy but I suspect you can guess) can be witnessed in the tech bros when it comes to AI.
So, up has stepped Jeff Bezos and waved a $200bn (£147bn) investment in AI development and infrastructure. It’s after Mark Zuckerberg (he of the newly gym-honed, ripping physique) said Meta would spend $135bn, and Google boss Sundar Pichai jumped in with $185bn.
Funny how their numbers get ever higher. Funny, but few are laughing.
These are billions, don’t forget, not millions. It’s the madness of crowds, or rather the craziness of a small bunch of macho-boys who believe that biggest means best. Same with their boats,…
