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> A lot of the current AI products and stories are cost-competitive due to that bloat itself, so some amount of rightsizing will help the industry. The problem
by mschuster91 1y ago
> A lot of the current AI products and stories are cost-competitive due to that bloat itself, so some amount of rightsizing will help the industry.
The problem is, any amount of rightsizing has the potential to tank the entire economy. Too big to fail, just that it isn't banks this time but a bunch of companies who went all in on "AI".
- bgnn 1y agoCapitalism as we know it so far only reacts after a crash happens because of the fear of crashing the economy with any corrective action. My very personal opinion is this is more psychological than scientific.
- Jensson 1y agoNo, the reason is because these "crashes" are very small so on average you lose more trying to avoid them than just staying invested. The emotional part is trying to avoid them, the rational part isn't.
- mschuster91 1y ago> Capitalism as we know it so far only reacts after a crash happens because of the fear of crashing the economy with any corrective action. Inevitable when you tie the pension of people to the performance of the stonk markets.