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This is exactly why I am telling people the AI bubble is different. It is not poppable, even if it's size is bigger than other bubbles. Megacorps control so mu
by elif 1y ago
This is exactly why I am telling people the AI bubble is different. It is not poppable, even if it's size is bigger than other bubbles.
Megacorps control so much of them that the financial side has so little volatility.
- alangibson 1y agoNo seriously this time line really will go up forever guys.
- techblueberry 1y agoI don’t know about forever, but there’s a reason all these companies gave so much money to Trump. I think it can keep going up a while.
- mrbungie 1y agoI've heard that one too!, but seriously, it could keep going for a while.
- alangibson 1y agoI figure it's at least a couple of years until the Great Disappointment sets in. When you've been investing half a trillion a year with no realistic hope of a descent ROI, you'll do anything you can to not admit your error.
- conartist6 1y agoHahahaha, that's the spirit. We're invincible. Unsinkable. Nothing could ever stop the music : )
- marbro 1y agoBy analogy, think about the government. They've been printing money since August 1971, the price of gold has increased from $35 to $4000, and people still accept dollars rather than gold, and even Switzerland sold their gold because they believe that paper money is better. THe party can last forever!
- Mistletoe 1y agoWould you say we are in a New Paradigm? https://transportgeography.org/contents/chapter3/transportation-and-economic-development/bubble-stages/ https://transportgeography.org/contents/chapter3/transportat...
- elif 1y agoI've got, and you likely as well, a lifetime ouvre which shows that dot com was, in fact a new paradigm.
- ReliantGuyZ 1y agoYes, but it took 15 years after the bubble popped for life via internet to really cement for our society in a broader sense. The bubble mechanics still played out, even if the ultimate result was a new paradigm.
- Mistletoe 1y agoWe were entering a new paradigm, but the price took about 13 years to recover after 2000. Price can get very far ahead of reality, even at the cusp of a new paradigm. The bubble chart is about the price. https://fred.stlouisfed.org/graph/?g=zR9T https://fred.stlouisfed.org/graph/?g=zR9T
- JCM9 1y agoFair point that there’s less direct retail investor exposure than there was with the dot-com implosion, but I don’t think many folks believe this bubble is non-poppable. Even megacorps can’t just keep inflating it forever if no viable business model for AI materializes
- elif 1y ago"no viable business model for AI materializes" Literally every aspect of commerce is exposed and the costs are arbitrarily scalable and diminishing over time. I'm really curious for you to elaborate on this world where AI progress is a dead end in the evolution of man or intelligence
- elif 1y agoIt's wild that I get down voted like I'm advocating for it while I'm clearly calling out the hazards of megacorporate power