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Everyday AI looks more like the '08 housing bubble (lemmy.ca)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 5 points 1 year ago (1 child)

Goldman Sachs also though NINA mortgages were a good idea, and they also thought it was a good idea to bundle bad mortgages in with good mortgages, and find a rater to mark them AAA investments.

And then we saw how that worked out.

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  • [–] 5 points 1 year ago

    yeah, how could this go wrong?

    at least after the crash those houses could be lived in. these datacenters are made for one purpose, AI, and really would have to be completely gutted and refurbed for general purposes.... fun.

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