Comment on Everyday AI looks more like the '08 housing bubble

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BarbedDentalFloss@lemmy.dbzer0.com ⁨2⁩ ⁨weeks⁩ ago

I think the biggest difference between this bubble and the ones that pop are whether the valuations were built by debt. In this case - no. So when their products turn out to be less useful than they claim, it will devaluate. But the debt issued to build the bubble wont go through a sudden correction that is amplified and causes an even bigger collapse like in 2008 or the dotcom bubble.

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