Mordikan@kbin.earth 14 hours ago There is so much AI hype and so much anti-AI hype, that I doubt it really will.
For the last 4 years, we have perpetually been 90 days from both the AI market crashing and AI stealing all our jobs at the same time.
My thought is the AI market won't crash because especially in data engineering and devops there is an inherent worth. I think there will be a potential downturn in the volume of cash flowing into perhaps after the big players like OpenAI and Anthropic go to IPO, but the market itself will remain stable. Similar to how the housing bubble crash didn't actually wipe out the housing market (with or without the US govt saving the big players - it still would have survived on its own even if those players did not).
LilB0kChoy@reddthat.com 12 hours ago
Did you see Abthropic’s IPO filing? The company is using side down and there’s so much commingling between 3 or 4 companies that when one goes the rest will topple like dominoes.
What won’t crash are the billionaires at the top. See, they’re going to cash out with piles of money and leave the index fund investors (e.g. the every day person) holding the bag.