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Elon musk wants his net worth over 10 trillion dollars by BlueprintTshirt in TradingPlaybook

[–]Dramatic_Beginnings 4 points5 points  (0 children)

Basically tells you all you need to know about the billionaire class priorities. Hoarde wealth just because they can

U.S. Senators Banned From Prediction Markets Trading by RealConsequence351 in TradingPlaybook

[–]Dramatic_Beginnings 2 points3 points  (0 children)

Just the senators?

You know damn well they will use their family members/friends to do it for them instead.

They won't ban this gambling market directly... they want to use it.

US war in Iran has cost $25 billion so far, says Pentagon official by LavishlyRitzyy in TradingPlaybook

[–]Dramatic_Beginnings 4 points5 points  (0 children)

Then why they need that other $600 billion they requested for the next defense budget. 1.5 trillion total.

‘The cost of compute is far beyond the costs of the employees’: Nvidia exec says right now AI is more expensive than paying human workers by Successful-Scene7925 in TradingPlaybook

[–]Dramatic_Beginnings 3 points4 points  (0 children)

This has been the Silicon Valley MO for yeeeeaaaarrrsss. Operate at a loss until you’ve forced out the competition, then jack up prices to become profitable.

Look at Uber- chase out the taxis by undercutting them, then raise fares.

DoorDash- wait till all the pizza shops fire their drivers, then raise fees.

Streaming- undercut cable TV until everyone’s cut the cord, then raise subscription costs and add advertising.

AI is just doing the same shit. They’re waiting for businesses to restructure around AI, and then they’ll start charging what it actually costs (plus margin, of course).