If an AI bubble pops, no one is getting out clean.

He means the taxpayers.

Wall Street didn't learn from past events and is doomed to repeat history?

Shocking... /s

Was that a threat?

And I hope he wasn’t threatening everyone who participates in the global economy.

you're kidding right?

those billionaites that gambled the US economy on an executive borwnosing machine will get a bailout paid by those who lost healthcare and can't afford food. 2008 all over again.

This is a threat. They know that they're using the stock market to fund their greed and that anyone with savings tied up there (Retirement funds that are invested in the market) will be on the hook. Plus the tax payer money they're going to ask for because they're "too big to fail".

Make no mistake. Just like the housing bubble of 2007 and 2008 there are people poised and ready to make tons of money off of the deflation of the AI bubble.

Let me fix that for you: "When an AI bubble pops..."

[he] addressed the “immense” energy needs of AI, acknowledging that the intensive energy requirements of expanding AI ventures have caused slippage on Alphabet’s climate targets. However, Pichai insisted that the company still wants to achieve net zero by 2030 through investments in new energy technologies. “The rate at which we were hoping to make progress will be impacted,” Pichai said, warning that constraining an economy based on energy “will have consequences.”

We need "line go up" so badly, we're willing to bake the planet.

“We will have to work through societal disruptions,” he said, adding that the technology would “create new opportunities” and “evolve and transition certain jobs.”

Someone once described AI as "a way for the wealthy to access the benefits of the skilled, without allowing the skilled to access the benefits of wealth".

“I’m gonna take you all down with me!”

Then I’ll ask for a sweet socialist bailout while the rest of you enjoy rugged capitalism.

Translation: we juiced the bubble so good trying to make a trillion dollars that when it pops, the world economy is coming down with it.

Don't worry, I'm sure there will be a huge government bailout that the people have no say in. Remember 2008? I don't remember voting to give away piles of money to the bankers.

You know what Iceland did when there was suspicious investing and they had bank failures? They put the bankers in jail! What did we do? We gave them a bonus!

God bless America, because we'll need it!

The sooner the better. Can't wait!

Kaboom! 💣 💥

The sooner the better. Less LLM infatuation means better customer service, less overall environmental impact, and more water available to cities.

This is code for "Hey government, you better be ready to bail us all out".

Oh, that's where he's wrong. I think a great many of us will enjoy it.

Any company not using AI for anything will be pretty unaffected when this bubble pops.

The utter lack of self-awareness…

Good good. Let it all fall apart.

That sounds like a threat

That money goes somewhere so some people will be getting out better

I've taken shits with more value to the human race than Sundar Prichai

Big tech has never seen common people as anything but data. It's funny they now are concerned for what will happen to us if their bubble bursts

Well now you know why Warren Buffet cashed out. He's going to buy all the tech companies on a fire sale.

Who is “no one”? Because yeah, there will be splash damage, but some sectors (“AI” companies and the megacorps involved in the massive ongoing self-dealing circlejerk) will collapse, but others will simply see a correction. And I’ve already dumped anything LLM-related (as well as most US-based securities and ETFs) as of early this year. So I’ll take a hit (everyone will take a hit), but it’s not going to be nearly as bad as it will be for all the bag holders.

I'm waiting with money to buy Google for 1 dollar.

Quiet quitting is our best bet. If they don't give you decent health care and a retirement plan then we're just doing the minimum. Why would we work harder for less in return? Maybe we can just all start our own AI business. Every American can have their very own AI automated business with passive income.

promises promises.

Don't threaten my good time with a threat

I will get out totally clean of that, so thank you and fuck you

One can dream.

Uh….well yeah.

So, they want us all to suffer for their bad decisions? Well that just puts us all on the same playing field (except for the 1%) and at which point, we will revolt and take them (1%) down with us.

The plumbers will. The electricians will. The carpenters will. The bricklayers will. The farmers will. The steel plant workers will. The dockyard workers will.

Yes, if you’ve got savings invested it’ll touch you, but the actual jobs - you know the ones adding and making real, concrete things, probably won’t notice a big different if the AI stocks tank 30% in a day.

Fuck it we ball. *gets a needle*

It will be dirty pleasure fo sho