Comment on AI boom could falter without wider adoption, Microsoft chief Satya Nadella warns

• Blackmist@feddit.uk ⁨2⁩ ⁨months⁩ ago

  Who’s going to do that? Everyone with any money is already leveraged up to the eyeballs in this shit.

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  • mrgoosmoos@lemmy.ca ⁨2⁩ ⁨months⁩ ago

    oh honey, it’s going to be tax dollars

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  • RhondaSandTits@lemmy.sdf.org ⁨2⁩ ⁨months⁩ ago

    So you’re saying they’re too big to fail?

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    • Blackmist@feddit.uk ⁨2⁩ ⁨months⁩ ago

      Oh, we’ll see about that.

      The key difference between tech giants and the banks, is the tech giants aren’t holding everyone’s money hostage.

      Sure, those gen Z kids will lose all their photos of grandma because they couldn’t fathom a world without Instagram, but we’ll cope.

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      • SaraTonin@lemmy.world ⁨2⁩ ⁨months⁩ ago

        No, but when the AI bubble bursts it will wipe out between roughly 40% and 60% of the value of the US’s stock market, depending on which estimate you go by. For comparison, the initial crash of 1929 saw the stock market losing around a third of its value.

        So either the government does bail them out, or it’ll be worse than that crash was.

        Neither option is good for the little people

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