284
Stock Market Bloodbath Spikes Fears of AI Bubble Bursting (futurism.com)
submitted 1 week ago by to c/world
56 comments fedilink hide all child comments
 

Burn baby burn!!!!!!

“Many in the market feel we have no choice but for it to work out,”

Yes this is what it everyone feels like when they are in denial....

you are viewing a single comment's thread
view the rest of the comments
[–] 9 points 1 week ago (2 children)

I think thus is very wishful thinking which reflects a society that overly focuses on the proposed importance of big do nothing companies.

Wow Amazon is down two percent and alphabet is down 12... And this is the end of AI?

I wish. But I don't think so.

  • permalink
  • fedilink
  • source
  • hideshow 2 child comments
    •
  • [–] 6 points 1 week ago*

    While you're right that it's probably a little premature to celebrate, there was still about $1 trillion in market cap for the semiconductor industry wiped out today. So put the champagne on ice and have the party hats and uncorking sabers on standby cuz this is a pretty big portent of future events (also probably prudent to buckle up because this burst is gonna trigger a recession the size of Musk's ego that's going to ruin a fuckload of people's lives. But hey at least the AI bros are suffering along with us, sorta.)

  • permalink
  • fedilink
  • source
  • parent