this post was submitted on 03 Jun 2026
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They aren't going to get anywhere near profitable if the their capital expenditures are added into the mix, amortization or no, they are so far in the hole they probably will have to offload it in some kind of texas two step kind of scheme where they spin off their debts into a subsidiary.
Well, you're assuming that a company needs to be profitable for investors to get their return. Don't be ridiculous. You just IPO and cash out with no plan on how to become profitable and then the company collapses. We've seen this play a million times before. Also AI companies are big enough that NASDAQ just changed their rules for adding new companies to indexes so that AI companies can get forced into your retirement fund 15 days after joining the market, and then the private investors can cash out on your retirement fund buying in and collapse the stock as soon as you're involuntarily invested. This is why spacex (which owns xai and twitter), openai, and anthropic are all coincidentally having their IPOs this year
Oh yes. Pension funds are the perennial suckers of wall street too.
They should stick to solid non stock investments, the managers of these funds, ivy league douchebags, get paid regardless.
Isn't that risky if the bond market gets fucked?
More traditional pension investments are in things like buying timber land that is maturing, or bonds backed by mortgages. Today's bond market idk, treasuries you are losing money to inflation, even corporate bonds are probably just breaking even with real inflation.
But yes, all the stocks and bonds are risky because Wall Street is an out of control monster with no real check on their fuckery.
I would add it's hard to feel too sorry for these pension funds when they invest in private equity and the like. They need radically new leadership at these funds.
They'll just get bailed out by tax payers. Business as usual.
These companies with no discernible services or usefulness to society are simply too big to fail!
Theres a usefulness. Super code auto complete at its core is cool. Filling 100 rows of excel with data I supplied is dope. Is it worth making everyone sick and poor and frying the planet? Absolutely not. But the surveillance it can provide apparently is to our overlords.
"Anthropic LLM and Big Pizzas"
Large Language, Large Pies 😎
Bailout