So you’re saying they’re too big to fail?
Comment on AI boom could falter without wider adoption, Microsoft chief Satya Nadella warns
Blackmist@feddit.uk 4 days agoWho’s going to do that? Everyone with any money is already leveraged up to the eyeballs in this shit.
RhondaSandTits@lemmy.sdf.org 4 days ago
Blackmist@feddit.uk 4 days 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.
SaraTonin@lemmy.world 3 days 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
mrgoosmoos@lemmy.ca 4 days ago
oh honey, it’s going to be tax dollars