Comment on 95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report Finds
abbiistabbii@lemmy.blahaj.zone 2 months ago
How bad to you think this collapse gonna be? We gonna see a big name collapse into dust or we gonna see something akin to the Great Depression?
We’ll see the beginning of a crash in about a year and the crash probably won’t end for 7-10 years.
We’re looking at a full scale shift in the way large scale orgs are running their businesses; and it’s a shift a lot of them will need to pivot from once they realize it’s not working.
stormeuh@lemmy.world 2 months ago
The AI bubble is going to be like the dot com bubble I think, but with the world being so heavily financialized it might spiral into something like 2008 or worse…
Zannsolo@lemmy.world 2 months ago
It won’t be like the dot com bubble. The AI bubble is far more corporate investment with far fewer entities having money thrown at them.
Ensign_Crab@lemmy.world 2 months ago
Yeah, most individuals don’t have money to invest in techbros’ latest boondoggle.
Which means we’ll be paying for their bailouts instead.
stormeuh@lemmy.world 2 months ago
That’s true yeah, there is a lot less retail investment in those companies.
What is similar to the dot com bubble though is many “smaller” companies (i.e. not Google or Meta) are buying into AI as an investment into infrastructure for their company, just like was happening with useless websites during the dot com bubble.