My guess is they're setting up a narrative to claim this whole AI bubble wasn't a giant grift and they would've been profitable if it weren't for those dang Chinese people distilling their models and giving them out for free.
Maybe that's because most jobs are Graberesque bullshit jobs where "high performance" is meaningless.
Most jobs shouldn't exist at all. The value captured by "firms" should instead be captured by the state and distributed peanut butter style to everyone.
> Imagine the conversation New York legislators could have had if every robotaxi ride generated a cryptographically signed, tamper-evident record of the vehicle's behavior — independently verifiable by any regulator, auditor, or safety agency.
This is putting the cart before the horse. The problem with autonomous vehicles is that there's no standardized third party test suite to validate and certify ahead of time and periodically that the vehicles are capable of behaving correctly in all road conditions even with their sensors degraded as will happen over time.
This kind of validation should be done by the state or a neutral third party like UL in the US before a single vehicle is allowed on public roads.
Without it they're just unleashing multi-ton weapons on the streets with no guarantee they'll perform adequately. The problems with this were evident in SF when the blackout happened and the Waymos clogged up the roadways. If that happens during a real emergency and blocks the roadways it could result in thousands of deaths.
Autonomous vehicles are a bad idea anyway for the reasons in this video[1].
Sure, they won't go to 0 but they will certainly go down once it becomes clear the LLM companies don't have money to pay for chips or RAM. That will cause VXUS to go down as well but much it goes down is anyone's guess.
I'm not so sure VXUS will protect from the AI bubble popping since ~10% of its holdings are TSMC, ASML, Samsung, Tencent, Alibaba, and SK Hynix which are all way overvalued due to the AI bubble and will most likely crater when it becomes clear the LLM companies have no business and the data center lenders start calling in their debts.