Comment on Is there any way the average American can insulate themselves from the AI bubble bursting?
chunes@lemmy.world 23 hours ago
I would like to point out it’s only recent gdp growth being propped up by ai. It’s not like our entire economy relies on ai.
Infinite@lemmy.zip 21 hours ago
The seven primary companies that are trading around the same tens of billions of “investment” and “credits” are worth 34% of the S&P 500.
Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, Tesla.
All of them are betting HARD, because CEO types think they can be first to market with the singularity and win. (That may be oversimplifying a bit, but every one of these companies is run by Nazi collaborators. Make stupid calls, win shitty reputation.)
Ajen@sh.itjust.works 2 hours ago
While true, those companies all have solid revenue streams that aren’t directly related to AI. If a bubble pops they’ll all suffer, but all of them were profitable before the AI boom and can survive without it. It’s very different from the dot bubble because that was driven by speculation and many companies weren’t making any profit back then.
YiddishMcSquidish@lemmy.today 8 hours ago
I completely agree with most everything you said, but I will note that Apple is an outlier in that they are not investing deeply into ai. They are a shit company, and Tim Cook is most definitely a Nazi collaborator, but they are not a crutch of this current bullshit market.
Infinite@lemmy.zip 6 hours ago
That’s fair. They’re behind, but definitely playing. “Apple Intelligence” has been around for a year, just badly under-developed.
Apple plans to ‘significantly’ grow AI investments, Cook says | TechCrunch