

The current situation is a bubble based on an over hyped extension of the cloud compute boom. Nearly a trillion dollars of capital expenditure over the past 5 years from major tech companies chasing down this white whale and filling up new data centers with Nvidia GPUs. With revenue caping out at maybe 45 billion annually across all of them for “AI” products and services, and that’s before even talking about ongoing operation costs such as power for the data centers, wages for people working on them, or the wages of people working to develop services to run on them.
None of this is making any fucking profit, and every attempt to find new revenue ether increases their costs even more or falls flat on its face the moment it is actually shipped. No one wants to call it out at higher levels because NVIDIA is holding up the whole fucking stock market right now, and them crashing out because everyone stoped buying new GPUs will hurt everyone else’s growth narrative.
I think that in a lot of ways, it’s less about the Epstein files, and more about how deeply complicit in the elite culture that he claimed to be in opposition against.
Epstein is just an acceptable outlet among his base to air their uncertainty and unease they’re feeling. Because his ties with Epstein have been well publicized and well known about for a while, but from a right wing populist perspective, that was kind of written off and discredited because it didn’t fit the feeling, the “vibe”, that he was upsetting and visibly angering elites and thus he must be acting against their interests in some meaningful way, now though, it’s very clear he’s cosying up to the tech elite and taking huge obvious bribes from other elite groups and actually gutting social programs they use everyday, rather than that just being a threat made by the “woke” media they don’t trust.
So suddenly the Epstein being associated with him is believable to right wing populists because of how visibly elite aligned he’s being from their perspective.