Big tech boss tells delegates at Davos that broader global use is essential if technology is to deliver lasting growth

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[–] 4 points 9 months ago

No, but when the AI bubble bursts it will wipe out between roughly 40% and 60% of the value of the US’s stock market, depending on which estimate you go by. For comparison, the initial crash of 1929 saw the stock market losing around a third of its value.

So either the government does bail them out, or it’ll be worse than that crash was.

Neither option is good for the little people

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