Google will invest as much as $40 billion in Anthropic

This follows a similar, but smaller, investment by Amazon just days ago.

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[jbk]

I lived through the dot-com bubble and burst. It was a massive overinvestment during a hysterical cyber gold rush ushered in by internet technology that was certain to revolutionize society.
This bubble is just so stupid. It is completely driven by FOMO and incompetence around a technology that nobody wants, puts massive strain on energy and natural resources, and is already exhibiting scaling issues. All they have left is to yap about billion-this, billion-that.

Yet we keep being told the CEOs driving this are such above average special unique snowflakes that every year we must pay them more money than most people will make in multiple lifetimes or else things will catastrophically fall apart.