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digital lettuce

2025-11-22 21:21:33.40032+01 by Dan Lyke 0 comments

The Algorithm That Detected a $610 Billion Fraud: How Machine Intelligence Exposed the AI Industry’s Circular Financing Scheme

On November 20, 2025, trading algorithms identified what may become the largest accounting fraud in technology history—not in months or years, but in 18 hours. This is the story of how artificial intelligence discovered that the AI boom itself was built on phantom revenue.

How a collection delay in Nvidia stock will (hopefully) start the unraveling of this whole stupid bubble.

Via and Via.

Top Economist Warns That AI Data Center Investments Are “Digital Lettuce” That’s Already Starting to Wilt

“You’re investing in something that is a perishable good,” economist and author David McWilliams told Fortune, calling AI hardware “digital lettuce” that’s “going to go off now.”

[ related topics: Graphics Currency Artificial Intelligence Economics hubris ]

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