Comment on Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts
The uncertainty of it is exactly why it shouldn’t suck up as much capital and resources as it is doing.
Shouldn’t, definitely. But for a while, it will keep running, because that’s how a lot of speculative investment works.
I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
The argument could be made economically rather than ideologically.
Capitalism has a failure mode where too much capital gets concentrated into too few hands, depressing the flow of money moving through the economy.
But Capitalists start crying “Socialism!” as soon as you start talking about anti-trust.
lennivelkant@discuss.tchncs.de 7 hours ago
Shouldn’t, definitely. But for a while, it will keep running, because that’s how a lot of speculative investment works.
vritrahan@lemmy.zip 6 hours ago
I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
knightly@pawb.social 2 hours ago
The argument could be made economically rather than ideologically.
Capitalism has a failure mode where too much capital gets concentrated into too few hands, depressing the flow of money moving through the economy.
But Capitalists start crying “Socialism!” as soon as you start talking about anti-trust.