In 2008, it was believed that home prices would never fall. Today, the AI industry believes that the more chips you buy, the more revenue you generate. CK Cheong, CEO of Fastwork, points out that the logic behind lending to buy Nvidia chips today is identical to the logic behind lending to buy homes in 2008—plus, debt is being hidden through SPVs and bundled into retirement funds without anyone realizing it. https://t.co/DRZ9g4KiT5
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