Hyperscale Normalization

A lengthy essay argues that the AI bubble follows the same pattern as prior financial manias — the Dot-Com bubble, Enron, the 2008 financial crisis, WeWork, the Metaverse, and NFTs — where media, financial analysts, and institutions collude (deliberately or through incentive alignment) to manufacture the appearance of legitimacy for unprofitable ventures. It draws on Adam Curtis's concept of 'hypernormalisation' and John Ralston Saul's writing to argue that no one faces consequences after these bubbles burst, and that metrics like Anthropic's '$65 billion annualized run rate' and Cognition's $26-40 billion valuation are marketing artifacts rather than real financial signals, obscuring massive cash burn at AI labs and coding startups.

Source: https://www.wheresyoured.at/hyperscale-normalization. 8 Sync News only summarizes and links out; content copyright belongs to the authors and original sources.