The “grift shift” into AI.

This report in Institutional Investor tells the story of stocks who have pivoted from promoting crypto schemes without substance to all-in on AI. “Nvidia’s explosive revenue growth really tells us nothing about the future of AI,” Koppikar explains. “It turns out every scammer in America is trying to buy H100 chips right now so that they can say they own them. In 2021, scam companies put Bitcoin on their balance sheets — now the scams have shifted over to putting $40,000 H100s on the balance sheet.” My view is that there’s something real there, but it’s yet unrealized. learn more

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