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Google CEO: If an AI bubble pops, no one is getting out clean (arstechnica.com)
submitted 11 months ago by [B] to c/hackernews@lemmy.bestiver.se
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[–] 34 points 11 months ago (5 children)

Maybe they shouldn't have forcefully injected "artificial intelligence" into everything? It seems like all these tech companies got high on their own hype. What happened to old-fashioned business sense?

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  • [–] 20 points 11 months ago (4 children)

    Business sense doesn't make billionaires. Obscuring profitable forms of human suffering and conducting short-sighted grifts does.

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  • [–] 5 points 11 months ago* (1 child)

    Short-sighted is right. What happens when the "billions" invested in the latest tech-bro scheme become worthless due to the inflation caused by building the economy on digital hot air? Whatever happened to making quality products that people actually want and selling them at a reasonable (or at least justifiable) price? That's why despite all of the enthusiasm and promise of cryptocurrency it is bound to fail as well -- it's not real. I guess if the whole world enters the Matrix then the idea of a digitally bound utopia will pay off (at least, for the technocrats).

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  • [–] 5 points 11 months ago

    Remember when gold used to be the standard by which a currency was pinned and how stable that was for millenia until we did speculative trading?

    Remember when consumers used to be the standard by which an economy was pinned and how stable that was for a century before billionaires became the sole executor of all wealth?

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  • [–] 1 point 11 months ago (1 child)

    Carnegie, Rockefeller, and Vanderbilt seemed to have done fine by dominating actually useful industries. Even JP Morgan made bank by loaning money to those guys doing cutthroat business and screwing over their workers. Because steel, oil, and shipping were useful industries for society. Modern tech firms are investing billions just for an excuse to layoff theor workforce.

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  • [–] 1 point 11 months ago

    You know what, the Standard-Company monopolies look like saints compared to today's billionaires. It takes a real special level of evil to do all this after we've legally known better (post anti-trust legislation and monopoly law). And for the record, EV transportation, social networking, and communications infrastructure are the new steel, oil, and rail.

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    • [–] 8 points 11 months ago

    If? When.

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    [–] 3 points 11 months ago

    Almost like they’re too big to fail.

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    [–] 3 points 11 months ago

    "Just letting you know, we'll need to get bailouts with your tax money. We're too important to fail."

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