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And unfortunately, the amount of money being thrown around means that when the bottom falls out and its revealed that the emperor has no clothes, the implosion
by dcchambers 1y ago
And unfortunately, the amount of money being thrown around means that when the bottom falls out and its revealed that the emperor has no clothes, the implosion is going to impact all of us.
It's going to rock the market like we've never seen before.
- jononor 1y agoHope it stays long enough to build up serious electricity generation, storage and distribution. Cause that has a lot of productive uses, and has historically been underdeveloped (in favor of fossile fuels). Though there will likely be a squeeze before we get there...
- axus 1y agoThe electricians in data center country report they are earning a lot of money.
- nathan_douglas 1y agoIt'd be an interesting time for China to invade Taiwan.
- m101 1y agoWhy is this downvoted when it's spot on.. if reality < expectations so much money is sitting on extremely quickly depreciating assets. It will be bad. Risk is to the downside.
- dcchambers 1y agoBeing critical of AI companies on Hacker News is pretty tough these days. Either the majority of people are all-in and want to bury their heads in the sand to the real dangers and risks (economical, psychological, etc) or there's just lots of astroturfing going on.
- aoeusnth1 1y agoAll of the top upvoted comments are calling or implying this is a bubble. It seems to me the majority loves to imagine themselves persecuted in their home turf.