Open Menu
AllLocalCommunitiesAbout
lotide
AllLocalCommunitiesAbout
Login

Everyday AI looks more like the '08 housing bubble

⁨1285⁩ ⁨likes⁩

Submitted ⁨⁨3⁩ ⁨weeks⁩ ago⁩ by ⁨n7gifmdn@lemmy.ca⁩ to ⁨technology@lemmy.world⁩

https://lemmy.ca/pictrs/image/00f953ec-388d-4e84-8b1c-02608aa424b3.png

source

Comments

Sort:hotnewtop
  • ordnance_qf_17_pounder@reddthat.com ⁨3⁩ ⁨weeks⁩ ago

    Burn it all to the ground

    source
  • Kyle_The_G@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    nvidia500

    source
  • rumba@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

    If not for the banks investing hevily into it, i’d not be all that worried.

    Every company in that list could shrink by half and we’d all be at worst back to covid times. Sure unemployment would suck, but do we REALLY need microsoft and NVidia to be as huge as they are?

    source
  • nexguy@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    All ai companies should direct all resources to medical research. I mean we would have to do without ai slop summaries for search engines and ai slop images. Well on second thought I guess slop is worth the human cost so let’s keep it as it is. I bet I get my wish.

    source
  • inclementimmigrant@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    The housing bubble encompassed a metric ton of banks and companies that bought and sold shares of subprime mortgages in the billions of dollars and when everyone stopped paying and started defaulting, that caused a entire economic collapse.

    Now unless someone can point me to an analysis where we have some tangible proof that banks and tons of companies are invested, not just using, AI, it seems to me the fall out would be limited to tech companies, which yeah would involve some job losses but nothing on the scale of the housing or dotcom bubble.

    Now if you’re referring to rich jackasses who are all in and banking on AI taking our jerbs? Sure that bubble will hurt them but they’re not driving forces in the economy, just politics, which I guess could cause a economic crash if they get your idiot politicians more scared of them than the people with France on their minds.

    source
    • relianceschool@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

      True, but consider that a huge amount of retail investors’ portfolios are tied to the S&P 500/NASDAQ. Think retirement savings, IRAs, 401(k)s, pensions, etc. Then consider that the entire market is effectively propped up by AI right now (see: The entire stock market is being carried by these four AI stocks). If the market gets a 60% correction, it’s going to be the middle class losing their shirts all over again.

      source
  • Consumer2747@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    Anyone more knowledgeable care to help me understand where Anthropic is on this graphic/clusterjam?

    source
  • plyth@feddit.org ⁨3⁩ ⁨weeks⁩ ago

    Who is paying? If every workplace needs a $100 or even $1000 per month license then those values are justified.

    The people using the AI are training the AI. In 2 years, no competitor can enter the market because they don’t know what to do.

    Only Nvidea could be overvalued because at some point, OpenAI can design their own chip.

    source
    • vithigar@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

      They’re all paying each other. That’s literally the point this image is trying to express.

      What’s especially insane is that the companies that are actually providing the service to end users, i.e. Coreweave et al, are not the ones seeing massively inflated prices, contrary to your point about the monthly fees justifying the higher evaluation.

      source
      • plyth@feddit.org ⁨3⁩ ⁨weeks⁩ ago

        Why should the fronts have inflated prices? The AI companies can squeeze them at any moment.

        source
    • raspberriesareyummy@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      1. it’s nit AI, regardless of how many idiots repeat that bullshit. It is machine learning with glorified pattern recognition.

      2. Why would anyone want to enter the market? It has no practical use that justifies the energy consumption. Because it is not targeted, for every individual application, there are much more efficient ways to accomolish the same/better results for much less energy.

      source
      • plyth@feddit.org ⁨3⁩ ⁨weeks⁩ ago

        It’s good enough to answer most questions and it will only get better. Even if it is not AI it is a tool that knowledge workers use and will need to stay competitive.

        source
        • -> View More Comments
  • 1984@lemmy.today ⁨2⁩ ⁨weeks⁩ ago

    Sell your stocks, I will buy. :)

    source
    • UltraMagnus@startrek.website ⁨2⁩ ⁨weeks⁩ ago

      Timing is a fools game for sure. Bubble could pop next month, next year, or even later.

      If you’re old, make sure you have a good percent in bonds. If you’re young, make sure you have 6-12 months saved in case of layoffs and keep saving - market will look completely different in 20-30 years anyways so it’s not worth worrying about.

      source
  • slaacaa@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    This is fine 🐶☕️🔥

    source
  • corsicanguppy@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago

    Everyday Ai

    IS there a mundane, everyday Ai ?

    source
    • shane@feddit.nl ⁨3⁩ ⁨weeks⁩ ago

      License plate readers? Facial recognition? Speech recognition?

      source
  • BC_viper@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    So the real problem with calling it a bubble is that countries can’t stop investing in it. It definitely has bubble like qualities, but we have hit a point where we can’t stop investing in it. It’s more an arms race then a bubble.

    source