All the people making money off of it are trying to maximize profit, as always.
As soon as they see the downward trend they’ll dump.
Or sink.
Comment on 5 Signs the AI Bubble is About to Burst
whoisearth@lemmy.ca 18 hours ago
I work in finance (IT side) if the bubble is gonna burst all the ppl making money off of it haven’t got the memo and I trust their collective intelligence over this woman.
0x0@lemmy.zip 17 hours ago
whoisearth@lemmy.ca 17 hours ago
Of which there’s no sign of. I agree it’s a bubble. I don’t see it popping yet in my day to day.
interdimensionalmeme@lemmy.ml 16 hours ago
Basically the bubble IS the sentiment of the finance bro you are talking about.
If you work in IT, you are probably already aware that yes, AI could do a lot of shit, but it’s going to have serious downsides that might now be surmountable economically. Listen to the Tech Bros and they are promising the moon, surely you can tell they’re already have been running out of steam since GPT4 level. We’re not seeing 30% improvements, they’re fighting for single digit improvements in synthetic benchmarks.We’ve seen this exhuberance before, history is absolutely littered with the corpse of the greedy money parasites who inflate the price of everything with their hype and try to get away with the bag before it all burns down.
When millions play chicken with a train it’s going to lead to a lot of “corrections” down the line, distortions and corrections that we are going to suffer from while they wisk away to their crypto bro bunkers leaving us to deal with their shit.
This is so predictable and obvious, our politicians “sleeping” at the wheel, paid off to look the other way, while they’ll get advance warning on their own gambles before it comes crashing down on us.
What a corrupt system, next time it fucks up, no bailout, these duckers can line up against the wall and their bunkers can get those 10 ton suppositories.
QuoVadisHomines@sh.itjust.works 14 hours ago
If you are so sure why aren’t you aiming to profit off of this certainty?
HereIAm@lemmy.world 5 hours ago
Good thing financiers have such a good track record of creating rational and sustainable markets. The Great Depression and 2008 will never happen again, collective intelligence when trying to earn all the money is the only sound basis of trust.
Also, fuck Sabrina.