The AI Bubble and how to fix it

Three topics today and how they relate:

1. The AI bubble and how it relates to the asset bubble - where billionaires borrow against their wealth rather than selling it and paying capital gains taxes. The problem is if their assets crash, their loans default and the bank takes their stuff - which could crash the economy as the banks try to sell it. The AI bubble will pop because the large language model dream will not produce AI - singularity or otherwise.

2. The way out of the AI bubble is to map the 8 Jungian cognitive functions (internal/external) x thinking/feeling + sensing/intuition onto the four cultural ways of life - despotism, hierarchy, sectarianism/activism and withdrawal/non-conformity in a way that individuals and businesses find useful. Watch and share if you want to know human behavior and get rich by knowing it.

3. What to do with FACEBOOK, as an example. The same way people ditch YouTube and do Nebula which they pay for, FB could do to bring back its best features: Group newsfeeds without ads and Notes. Keep Reels - we like that - and quit showing us friends who we do not know - and here is an improvement - follow people within our friend groups who are added by other friends so that we can friend them too.

The problem with social networking (including YouTube, X, Facebook, et al) is that you have Bots that view content and trigger ad revenue to fund contract creators who are also Bots. This is called the Dead Internet. At some point, real people will leave platforms to the dead internet and suddenly the share values used to borrow money rather than simply selling stock and owning assets out right (without leverage), making the billionaires broke. If billionaires actually start selling their companies (quietly) and PAYING their capital gains taxes the debt crisis will also start to wind down.

I have a place to stay and food - with free bus and tuition - regardless of whether anyone shares this or subscribes - however, I would rather than you do.