Comment on When the AI bubble bursts..

MurrayL@lemmy.world ⁨1⁩ ⁨week⁩ ago

• givesomefucks@lemmy.world ⁨1⁩ ⁨week⁩ ago

  If it hurts the world wide economy collapses, because most “wealth” is loans against stock, which are then invested in stocks driving the price up.

  I think we’re past a trillion sunk into the ponzi scheme just in AI stock, but if it goes down banks call in their loans triggering automatic sales of whatever collateral they used.

  Billions and billions being sold automatically regardless of price would cause cascading crashes…

  But if it works…

  Corps can fire the majority of their employees and starving desperate people turn to Mad Max after a few consecutive missed meals.

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  • umbrella@lemmy.ml ⁨1⁩ ⁨week⁩ ago

    If it bursts the world wide western economy collapses

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• supersquirrel@sopuli.xyz ⁨1⁩ ⁨week⁩ ago

  *when

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