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the part I like about this is that now people are losing their jobs to AI, but soon people are going to be losing their jobs because AI can’t do jobs
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Submitted 1 day ago by sirboozebum@lemmy.world to technology@lemmy.world
Comments
kylie_kraft@lemmy.world 1 day ago
Doomsider@lemmy.world 22 hours ago
And then rest of us lose their jobs because the economy crashes. I am so glad our leaders can see this coming from miles away but will do absolutely nothing about it.
kkj@lemmy.dbzer0.com 1 day ago
Can’t wait to buy an H200 at a foreclosure auction for $150.
Rooskie91@discuss.online 1 day ago
The wind that’d put into the sails of the gaming industry…
gravitas_deficiency@sh.itjust.works 23 hours ago
lol holy shit, seriously. Can you imagine? The market flooded with absolutely bonkers-tier GPUs. Makes me wanna hold onto my 3080FE for a while longer 😅
carl_the_grackle@lemmy.zip 22 hours ago
Unfortunately most of those cards don’t support DirectX or OpenGL so they would not be of much use for gaming
makyo@lemmy.world 1 day ago
Right where my mind went too
stoly@lemmy.world 1 day ago
I think the difference here is that in both of those previous crashes, the entire market was involved. For AI, only a small number of companies have the resources to really get involved. If this collapses, most people will shrug and go back to whatever they were doing.
qjkxbmwvz@startrek.website 1 day ago
Not sure I agree.
First, stocks tend to be highly correlated with “the market” (see financial “β”/“beta coefficient”). For example, look at, say, The Home Depot or Ford Motors. From January 2000 to January 2003 (spanning the dot com bubble) they each lost about a third of their value, yet these are not “dot com”-centric companies.
Second, the promise of AI is that it will help every company that has desk jobs. So every company has this expectation now priced into their stock, and if the bottom falls out, well…
Not an analyst/I don’t pick stocks, but just my 2¢.
frezik@lemmy.blahaj.zone 1 day ago
This is true. The 2008 crisis was about banks. Banks are linked to everything. Most companies aren’t that deep into an AI transition. They can still shrug it off and go back to what they were doing.
The big tech companies are fucked. The Saudis who just bought EA are fucked (their plan was to reduce costs by making games with a lot of AI tools). Nvidia is really fucked. The rest? They may have to reverse some plans, but they can shrug it off.
baldingpudenda@lemmy.world 23 hours ago
Perspectivist@feddit.uk 20 hours ago
Exactly. I buy highly diversified index funds for a reason.
BoloMKXXVIII@piefed.social 1 day ago
Can we sell short on server prices?
Imgonnatrythis@sh.itjust.works 1 day ago
I think it’s a bit complex to pull off a good short and timing is important. I’m surprised that there hasn’t been an online service that specializes in making short sells more available to more small fry investors. I think it’s really a rich person’s playing field.
dermanus@lemmy.ca 23 hours ago
You only need a couple grand to open a margin account and buy puts. A put isn’t technically a short but it has a very similar profit profile.
11111one11111@lemmy.world 1 day ago
I killed the js to remove the pop up blocking the article but Im not sure if this is the entire article:
The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says
Artificially low interest rates have stimulated investment into AI that has hit scaling limits, says research firm
Last Updated: Oct. 3, 2025 at 11:06 a.m. ET First Published: Oct. 3, 2025 at 6:53 a.m. ET
It’s not just a bubble but an epically sized one, an analyst argues. Photo: Getty Images
For good reason, it feels that the only major discussion in markets is whether AI is in a bubble or whether it’s actually the early innings of a revolutionary phrase.
So here’s another one, decidedly from the pessimistic camp. It’s a take from independent research firm the MacroStrategy Partnership, which advises 220 institutional clients, in a note written by analysts including Julien Garran, who previously led UBS’s commodities strategy team.
Am I missing the real article or is this the entirety of it?
LodeMike@lemmy.today 22 hours ago
There is much more. Like 20x that.
jacksilver@lemmy.world 22 hours ago
ಠ_ಠ
I can’t tell is this is a joke playing off the Ai bubble being “17 times” larger or if you’re serious.
TheBat@lemmy.world 22 hours ago
The article is behind a paywall.
LodeMike@lemmy.today 22 hours ago
If this isn’t adjusted for inflation it’s about 2-2.5x the subprime bubble.
vane@lemmy.world 21 hours ago
As long as corporations and customers keep pumping money into technology monopolies it’s not a bubble.
paraphrand@lemmy.world 1 day ago
Well, all we need is for the AI companies to jump from where they are now to AGI! It’ll be fine, I’m sure!
IWW4@lemmy.zip 1 day ago
Bullshit… Trump is ass rapping Wallstreet, there is no bubble .
TheBat@lemmy.world 22 hours ago
Trump is ass rapping Wallstreet
Where’s that mixtape?
Doomsider@lemmy.world 22 hours ago
Why not both?
HubertManne@piefed.social 23 hours ago
would make sense. subprime was four times and big as dot com and ai is for times as big as subprime about giving 16xish the size of dotcom.
givesomefucks@lemmy.world 1 day ago
Shoe companies that they don’t need to fear bubble bursts, and they’re make bigger bubbles.
We’d have been better off letting the 08 crash eat all the corporations. Instead we gave them the money they used to buy up finate resources we have to rent from them.
wuffah@lemmy.world 1 day ago
Socialism for the rich, brutalist capitalism for everyone else.
pulsewidth@lemmy.world 1 day ago
Obama should have partially nationalized any banks that wanted a bail out. Banks are an essential service so there is no reason the govt should not get involved.
Want $2 billion? US govt gets $2bil in stock of your bank. They were absolutely over a barrel and would have taken the deal.
Doomsider@lemmy.world 22 hours ago
It would have been even better to let them suffer the consequences of their decisions. I am not buying the whole threat to the economy nonsense. That is just propaganda used to convince us it was necessary.
stoly@lemmy.world 1 day ago
Well I mean that’s what conservatives do. They talk loudly and then lie behind the scenes.