Tara Bennett
LightNews LightNews
banner
tarabennett.bsky.social
Tara Bennett
@tarabennett.bsky.social
3.3K followers 1K following 510 posts
NYT bestselling author of 30 official books on film & TV - Marvel Studios, Avatar 2, Outlander…Bylines: SYFY, IGN, SFX Magazine, Paste, NBCInsider, Cartoon Brew & more. 🍅 Approved Critic. Otter aficionado 🦦 https://muckrack.com/tara-bennett
Posts Replies Media Videos
Reposted by Tara Bennett
edzitron.com
I am terrified that the end of the AI bubble will be magnitudes worse for the global economy than the dot com bubble, and for society at large. So many people have been so confidently wrong, and I'm not sure what happens when that becomes impossible to ignore.
www.wheresyoured.at/dot-com-bubble/
Depending on how right I am, I worry that the following will happen: NVIDIA will lose anywhere from 40% to 90% of its revenue in a relatively short amount of time, which will annihilate the value of the S&P 500. Microsoft, Google, Amazon and Meta will face massive, multi-billion dollar impairments within the next few years. Oracle will face potential bankruptcy or at least a severe, horrendous series of layoffs and restructuring efforts to try and right the ship after agreeing to $248 billion in lease obligations primarily to get the revenue from its $300 billion, 5-year-long deal with OpenAI, a company that is going to run out of money in the next year. Venture capital is going to take such a severe haircut from the AI bubble that it will effectively kill any chances of raising a round after Series B for many, many years. Those $178.5 billion in data center debt deals will be predominantly underwater, leading to massive losses for private equity and banks (leading to a chill in effectively all debt markets), and massive job losses across the many, many construction projects that have started as a result of the AI bubble. If OpenAI or Anthropic can manage to go public, every investor will lose out as they collapse under the weight of their bullshit assumptions. Every partner, every company relying on them, every infrastructure provider will be burned. I also believe that we, as a society, will face a violent paradigm shift as a result of the AI bubble bursting, because it revealed how many people do not understand stuff. The amount of bosses, influencers, movie stars, politicians and other individuals of note that have fallen behind generative AI and claimed again and again that it can do things that it can’t and perpetuated myths that will lead to massive societal harms both today and in the future have revealed themselves as fucking frauds. Large Language Models are a global gaslighting experiment, where inefficient and questionably-functional software can convince you that it works because you managed to manipulate its handles with the right prompts — explaining away its failures as you go, and getting increasingly agitated with those who don’t agree with you that you’re living in the future. This piece forced me to live in the past for hours and hours and hours, and all it taught me is that people are desperate to compare this era to another as a means of explaining away the bad habits and specious ideas of a tech industry run by fucking influencers and management consultants. By comparison, the Dot Com Bubble was sensible, built on good ideas executed by greedy people rushing to do things based on ideas they didn’t understand. The AI Bubble is happening in a remarkable era of digital information and connectivity that allows us to process and analyze details at scale and with speed, and everybody who inflated this era should — and by my fucking sword will be made to — experience inextricable, permanent shame for the horrors that will follow as a result. And believe me, even if I’m half right, things will likely be so much worse than when the dot com bubble burst. I don’t see a scenario where anything survives the collapse of CoreWeave, let alone the collapse of OpenAI. I don’t see a scenario where any more than a few AI startups survive, and if that happens, there won’t be any customers for those GPUs — not that anywhere near enough existed to fill even a tiny percentile of the demand that currently exists, or for the capacity we’ve already built. On some level, I hope I’m wrong. I just don’t know how anymore. Anyway, see you next week.
January 16, 2026 at 5:43 PM
tarabennett.bsky.social
EXACTLY! 🤣
January 16, 2026 at 4:12 PM
tarabennett.bsky.social
Rob is truly the shirtless unicorn of the season. 🤣
January 16, 2026 at 4:11 PM