bobalot@lemmy.world to Fuck AI@lemmy.world · 10 days agoThe AI Bubble survives on $1.65 Trillion in hidden debtyoutu.beexternal-linkmessage-square28linkfedilinkarrow-up1296arrow-down14
arrow-up1292arrow-down1external-linkThe AI Bubble survives on $1.65 Trillion in hidden debtyoutu.bebobalot@lemmy.world to Fuck AI@lemmy.world · 10 days agomessage-square28linkfedilink
minus-squareEnsignWashout@startrek.websitelinkfedilinkarrow-up4·edit-28 days agoThe web didn’t go away when the web hype bubble burst. But it changed a great deal, and a bunch of suckers got to be very broke. This bubble is much bigger, and will hurt much worse when it goes. Meta just took a 11% stock price drop for saying “we still think AI is a good idea”. This bubble is right on the precipice. Maybe it can stay irrational for a bit longer, but it doesn’t look good at all.
The web didn’t go away when the web hype bubble burst. But it changed a great deal, and a bunch of suckers got to be very broke.
This bubble is much bigger, and will hurt much worse when it goes.
Meta just took a 11% stock price drop for saying “we still think AI is a good idea”. This bubble is right on the precipice.
Maybe it can stay irrational for a bit longer, but it doesn’t look good at all.