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this post was submitted on 02 Nov 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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All the US markets are down today. Gary Marcus is declaring the GenAI bubble burst - I think that's a little premature but I am smiling seeing Coreweave at -55% of their value at the start of the year.
Yeah until they seriously start talking about bailouts I don't think the bubble has burst.
Bloomberg: Mystery Seller Seeks to Dump $500 Million of Data Center Loans
Via a zitron skeet, finally some news that feel slightly more portentous that tech stocks hitting a slump:
That was how the big boys figured out Leopold Aschenbrenner was in trouble a few months ago.
The funny thing is that his name could be interpreted as "money burner". Asche means ash but its also one of the many German synonyms for money. Brenner literally means burner.
According to a random tweet I came across he's been liquidating like mad again.
Is this loss farming?
I don’t think the bubble has truly burst until OpenAI and/or Anthropic go down, but I do however think that this (and the blue wave at the elections) marks that time is running out for the AI industry
r/wsb has started posting suicide prevention hotline, but i'd say that bubble is over when oracle implodes
I will not say the bubble has burst until OpenAI and Anthropic are dead.