Comment on Google CEO: If an AI bubble pops, no one is getting out clean

sirico@feddit.uk ⁨1⁩ ⁨month⁩ ago

• supamanc@lemmy.world ⁨1⁩ ⁨month⁩ ago

  It doesn’t work like this though. If your pension fund is heavy into a company that suddenly loses 90% of its value, your pension suddenly becomes worth a lot less…

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  • sirico@feddit.uk ⁨1⁩ ⁨month⁩ ago

    Some people wouldn’t be those people then would it?

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    • supamanc@lemmy.world ⁨1⁩ ⁨month⁩ ago

      I know what you’re saying, but if a company is valued at 10 billion for instance, then gets revalued down to 100mil, that difference has not gone anywhere, it has simply ceased to exist. And if you had invested 100k to own 0.001% of the 10 billion company, you now only own 0.001% of a 100 million company. Your investment has lost its value, with whatever implications that has for you. The value hasn’t shifted around, it’s ceased to exist!

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