Chris Pitts
Software delivery coach, personal coach, mentor, developer, team whisperer, mad cat man, mogfather 🐈, foster dad 🐈, ex-diver 🤿, biker 🏍️💨. Less Certified, more Certifiable. Dodgy taste in music and shirts 🎸. Old as the hills. I probably trained your CTO when she was a baby developer.
Specialist in using HI (Human Intelligence).
Located somewhere south of London, UK
Admin & Bill Payer for Mastodon server agilodon.social. Donations welcome!
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“News of the talks [to provide $250billion to OpenAI] knocked Nvidia’s shares on Monday; they closed 5% lower, while the cost of insuring the chip company’s debt against default using a credit default swap (CDS) rose.”
https://www.theguardian.com/business/2026/jul/28/ai-sell-off-chip-stocks-sk-hynix-samsung
I hate to say it, but there might finally be a use for this accursed AI technology
RE: @tomshardware@flipboard.com
So let’s get this straight. Nvidia is guaranteeing a $250 billion loan from a bank already $130 billion in debt, on the promise for a $350 billion vapourware side order of chips.
When these chickens finally come home to roost, it’s going down hard 💣💥😱
It’s coming…tick tock 💣💥
#PopGoTheWeasels
‘In a Tuesday note, Bank of America warned that “speculation is hitting extreme levels as high multiple stocks have gapped up demonstrably, an event that has historically preceded a valuation ‘snapback.'”’
https://futurism.com/artificial-intelligence/bank-of-america-ai-investors-reality-check
Soon…soon… The AI collapse is in sight 💣 💥
#PopGoTheWeasels
“The overvaluation of US stocks has now surpassed the level that brought the stock market crashing down in 1929. At a rating more than double that of their British and European counterparts, and the highest since the peak of the dotcom bubble, US equities are in for a hairy decade.”
The bad news is the crash could be on par with - or worse than - the Great Depression of the 1930s…