I’ve never seen a bubble deflate, but I digress.
Comment on The air begins to leak out of the overinflated AI bubble
SturgiesYrFase@lemmy.ml 1 week agoAlso bubbles don’t “leak”.
I mean, sometimes they kinda do? They either pop or slowly deflate, I’d say slow deflation could be argued to be caused by a leak.
helenslunch@feddit.nl 1 week ago
sugar_in_your_tea@sh.itjust.works 1 week ago
You can do it easily with a balloon (add some tape then poke a hole). An economic bubble can work that way as well, basically demand slowly evaporates and the relevant companies steadily drop in value as they pivot to something else. I expect the housing bubble to work this way because new construction will eventually catch up, but building new buildings takes time.
The question is, how much money (tape) are the big tech companies willing to throw at it? There’s a lot of ways AI could be modified into niche markets even if mass adoption doesn’t materialize.
helenslunch@feddit.nl 1 week ago
A bubble, not a balloon…
sugar_in_your_tea@sh.itjust.works 1 week ago
You do realize an economic bubble is a metaphor, right? My point is that a bubble can either deflate rapidly (severe market correction, or a “burst”), or it can deflate slowly (a bear market in a certain sector). I’m guessing the industry will do what it can to have AI be the latter instead of the former.
stephen01king@lemmy.zip 1 week ago
We taking about bubbles or are we talking about balloons? Maybe we should change to using the word balloon instead, since these economic ‘bubbles’ can also deflate slowly.
SturgiesYrFase@lemmy.ml 1 week ago
Good point, not sure that economists are human enough to take sense into account, but I think we should try and make it a thing.