Comment on 'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC
possiblylinux127@lemmy.zip 3 weeks ago
Is it really a bubble?
A lot of the money is coming from the bank accounts of big tech not investors
Comment on 'Big Short' Michael Burry bets $1bn on AI bubble bursting | LBC
possiblylinux127@lemmy.zip 3 weeks ago
Is it really a bubble?
A lot of the money is coming from the bank accounts of big tech not investors
Sconrad122@lemmy.world 3 weeks ago
A concerning amount of investor money in the market is riding on the wellbeing of a few big tech companies. And it got that way because the absurd valuations of those companies is built on speculation that AI will change the economy and company X will benefit from that for reason Y. When it becomes clear that either AI will not change the economy or that company X will not benefit greatly from said changes, that valuation will pop and investor assets will lose value. I’d call that a bubble