Comment on The AI boom is so huge it’s causing shortages everywhere else The $700 billion AI spending spree has few precedents. Good luck finding an electrician or a reasonably priced smartphone.

• tleb@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

  It’s both. It’s a bubble because of the amount of investment and lack of actual revenue, but it’s also being used to replace humans. We will have to pick up the pieces when the bubble bursts, but in the mean time it’s going to concentrate wealth and lower the standard of living.

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