3 ms·
I don't think this is about tariffs (or rather, 'loans' which are inevitably going to be forcibly disgorged by the courts). The crypto market plunged yesterday
by mullingitover 8mo ago
I don't think this is about tariffs (or rather, 'loans' which are inevitably going to be forcibly disgorged by the courts).
The crypto market plunged yesterday right as news came out that the OpenAI 'Stargate' project was dead in the water[1]. I think this is a continuation of that crash, and it's the realization that, while everyone was busy partying, the AI bubble hit an iceberg in the North Atlantic.
[1] https://www.tomshardware.com/tech-industry/artificial-intelligence/stargate-ai-data-centers-for-openai-reportedly-delayed-by-squabbles-between-partners-sources-say-openai-oracle-and-softbank-disagreed-on-who-would-have-ultimate-control-of-the-planned-data-centers https://www.tomshardware.com/tech-industry/artificial-intell...