The SP500 is starting to look like NVIDIA -> companies NVIDIA is investing in -> everyone else. It's starting to get NVIDIA heavy. If they go down...SP500 is going to look terrible.
Enron 2.0
#nvidia #sp500 #enron #stockmarket #stocks #ai #economics #economy
Shout out to the “Special Purpose Vehicle” made famous by Enron as a powerful tool for financial fraud https://en.wikipedia.org/wiki/Special-purpose_entity #SPV #SpecialPurposeVehicle #Enron #fraud
Those of us that endure Wessex Water know that Skellett is dodgier than a forged nine-bob note.
Some of us with long memories remember his arrest as part of the #Enron scandal.
So sketchy…feels like what were seen as criminal and unethical practices back in the #Enron era are now SOP for many PE shops.
Remember. #NVIDIAisNotENRON #NothingLikeENRON. No matter what #NVIDIA says. They are not like #ENRON. No danger, no risk, no assumptions. No they are not like ENRON. NVIDIA is not like ENRON. Repeat. "ENRON was one of the largest criminal enterprises in the world. NVIDIA is just a bit dodgy." NVIDIA and ENRON are nothing alike. You still don't believe? Because the internal memo that says.... "NVIDIA is not like ENRON!" event though nobody asked?
#AI #KI #openAI
https://omny.fm/shows/better-offline/part-one-nvidia-isnt-enron-so-what-is-it
A long but good read. Interesting point about where TF did a claimed 6 million shipped GPUs actually go.
today’s outfit is a blast from the past the #Enron ballcap perfectly compliments my 80s ski jacket #fashion
If you only have twenty minutes for ONE presentation/talk about #AI #KI #openAi #LLM #pyramid #ponzi #scam #ENRON #NVIDIA #bailout #Microsoft #anthropic
THEN WATCH THIS. Douglas Rushkoff says all the things and much more that I have in my AI Ethics talk. He is an inspiration and has so many insights. Thanks, Douglas!
@Rushkoff at his best.
I thought Arthur Andersen folded after #Enron? Wonder why they still have a /16, among which is a server impersonating a bunch of #Amazon hosts...
@AeonCypher both of these claims have merit:
TechSpot: Nvidia denies Enron-style accounting accusations amid AI bubble fears. “In a recently uncovered memo to Wall Street investors, Nvidia rejected multiple accusations that it is mismanaging stock, misrepresenting the long-term usefulness of its chips, and cooking its books in a way similar to disgraced energy company Enron. Although Nvidia’s defense appears sound, the allegations […]
L'Anticapitaliste📣 La vie d’une bulle - Tragédie en 3 actes: D’abord il y eut les ordinateurs. La productivité allait exploser ! Et puis Robert Solow, « Nobel d’économie », constata que les ordinateurs étaient partout… sauf dans les statistiques de… 📣NPA-A #économie #produktivité #Internet #Enron
La vie d’une bulle - Tragédie ...
The last time I read an article like this it was entitled “Is Enron Overpriced?” in Fortune magazine.
“Vibe Earnings” are just the “Mark to market accounting” of the 2020’s.
https://substack.com/inbox/post/179453867
#ai #artificialintelligence #slop #circular #financing #enron #fraud
AI business is another #Enron in the making in real time. Signed contracts, not delivered services, are used as income and collateral for million dollar debt.
56% multiplier for billions, not millions, billions of dollars business revenue is seen as “disappointing”, on a planet with finite people doing the buying and finite resources to deliver the services AKA “Cancernomics” - https://www.wheresyoured.at/the-case-against-generative-ai/
Jennifer Sor: Michael Burry's latest argument against hyperscalers like #Meta and #Oracle echoes one made by an investor who shorted #Enron
#Nvidia #AI #Microsoft #Amazon #economics #business
https://www.businessinsider.com/michael-burry-ai-stocks-nvidia-meta-oracle-hyperscalers-jim-chanos-2025-11
#Enron donations helped fund FL recount challenge, their inauguration!
Cheney's back-door dealings w/ his National Energy Policy Development Group (the "Energy Task Force") went all the way to #SCOTUS who of course protected them by punting.
Obviously #Cheney let them write US policy; one can't see the trees, for the conflicts of interest.
#war #criminal #DickCheney #shot a #man in the #face #IraqWar #weapons of #mass #destruction #waterboarding #profiteering #corruption https://www.thenation.com/article/archive/enron-what-dick-cheney-knew/
@rootwyrm Obviously "#AI" is inherently unethical as research regardless where, even if it's not into #StochasticParrot|s, #BullshitGenerator|s and #SurfeillanceState #Govware due to being #WastefulComputing!
