There is AI data center overcapacity already. The KOSPI crashed last week, and it's a leading indicator for the cyclical hardware industry. It already had been that indicator in the 2000 bubble.

I don't know what possessed Ellison to ruin a functioning company, but it will be interesting if he gets a margin call for ORCL's other debt exposures, which are Ellison's massive loans against his ORCL stock.

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tmp10423288442 2 hours ago | parent | next [-]

The KOSPI went up already 125% in the past year, so some sort of correction was inevitable, even if the underlying companies are healthy. The crash has been exacerbated by South Koreans levering up heavily in the past few months and now getting wiped out.

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lelanthran 3 hours ago | parent | prev | next [-]

> I don't know what possessed Ellison to ruin a functioning company,

Same thing that drives all these execs of large companies - naked greed!

"If only we can fire all workers, imagine how profitable we'll be!"

They are attempting to set civilisation on fire with the intention of being on top when they no longer need humans.

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therobots927 3 hours ago | parent | prev [-]

Well it seems like he bought the “AGI is 2 years away” line. As did… pretty much everyone in Silicon Valley.

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SirFatty 3 hours ago | parent | next [-]

yeah.. https://ai-2027.com/

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ben_w 2 hours ago | parent | next [-]

I remember one thing that struck me when skim reading that the first time:

it only "works" if the government actively does everything in its power to support the boom. No restrictions on new power sources, on pylons and transformers, on new factories to make power sources and compute, on data centres.

This was never going to be the world we live in.

Still surprised by the admin actively punishing politically incorrect power supplies (renewables) and then starting a stupid war with Iran, but even without that nonsense, we were never going to see the US do a command economy pivot, and even if we had something would've broken like it usually does with noobs (and even most politicians are noobs) trying a command economy pivot.

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lelanthran 2 hours ago | parent | prev | next [-]

> yeah.. https://ai-2027.com/

That site is too funny :-)

> [mid-2026] But China is falling behind on AI algorithms due to their weaker models.

	▲	KerrAvon an hour ago \| parent [-]
		Wow. That has aged hilariously poorly indeed. OMG. > But China is falling behind on AI algorithms due to their weaker models They wrote this shit in April 2025. And they put their names on it. Beyond hubris.

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pphysch 2 hours ago | parent | prev | next [-]

This AGI silliness is predicated on a flawed "Platonic" view of epistemology. The notion that there is some well-defined "idea space" and therefore superintelligence can explore that space faster than any human. In fact, there is no such space. There is a "token space" that can be explored, but that has only fleeting overlaps with reality.

	▲	therobots927 2 hours ago \| parent [-]
		It also completely ignores what we know about evolution. Our brains are the result of billions of years of natural selection. The amount of “training data” that resulted in our neural structures is on a completely different scale than the training data used for today’s LLMs. And this isn’t even up for debate. The assumption that this process can be “distilled” from written word is completely insane. I’m not sure how people trick themselves into thinking it’s even remotely possible.

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AlexandrB 3 hours ago | parent | prev [-]

If/when the AI bubble pops, this website will be really funny. I guess it's already funny. This is what it shows for Apr 2026:

> Reliable Agent copies thinking at 13x human speed

Still waiting for a reliable agent to think at any speed.

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AlexandrB 3 hours ago | parent | prev [-]

The ability of Silicon Valley to hype itself up into a frenzy is unparalleled. Apparently nothing was learned from "blockchain for everything" and "we're going to live in the metaverse".

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wil421 an hour ago | parent [-]

Don’t forget Big Data!

	▲	therobots927 41 minutes ago \| parent [-]
		Big data was the progenitor of this mess