DEC 07. Google’s AI…bankrunpcy of Coffee trading company…same day…

Chun09
4 min readDec 8, 2023

The world get excited once again with another AI appears. Google’s Gemini was the one and MEGA CAP stocks were rallying hard whole day. Meantime, Mercon, the largest specialized coffee trading company was in chapter 11 in US. Rabo bank, one of the main credits supplying bank to this company, cut the credits and pushed this company into the bankrupt. Are people still going to drink coffee with AI ruled the world or AI supply illusions to people of drinking coffee?

Global banks are cutting down credit lines too easily of those old school business companies, making them difficult to maintain their business. They wouldn’t cut credit lines of AI relate companies so easily, right?

A cup of coffee in the morning could makes world better place for a moment. If those old school companies are all disappeared due to this kind of unfair CAPATAL plays, where can we get a cup of coffee?

It was another sad day.

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Chun09

Trying every day, engraving what we’ve been through