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

• 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.

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  • 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

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