Let me try to resume what I am reading these days:
- leading US tech firms are achieving milestones with boosting values at stock exchange. The magnificent seven are the main part of the S&P 500.
- there are mergers that combine classical software companies (as for example Microsoft) with future companies as e.g. Open AI
- singular groups as e.g. META promises to invest 600 billion US dollar within three years in AI. This amount is without precedents!
- because of all this speculative optimism, NASDAQ is overrated (possible bubble risk).
- Nvidia hardware enables digital dreams, and they will be a game changer when it comes to the artificial intelligence revolution at the job market (possible risk for employees – opportunities for investors and owners).
- thousands of office jobs are on stake when AI fulfils what it promises today.
- the demand for data centres is as huge as never before. Hyper scalers require vast amounts of electrical energy. Consequently, nuclear power stations will be necessary (possible energy risk).
- obvious is that the lack of regulations is one of the main drivers of this boom.
- the EU and first Germany react with disbelief to this incredible development.
- the credit volume to finance these ideas is also mega: Billions of dollars for the construction of huge data centres will be required and these loans are a challenge for the financial system (possibles financial risk). If this was a bubble the financial system is running a considerable risk.
Once said all this we are supposed to applaud.
For me, it sounds like the beginning of a dystopic novel: if we spent the same amount of private money in science and medicine investigation, I am convinced that cancer and cardiovascular diseases such as LDL cholesterol would be part of the past within five years.
What do you think?
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