Quote:
Originally Posted by Ekco
[You must be logged in to view images. Log in or Register.]
it's starting to get into the silly dot com bubble shit, we had a shoe company Allbirds "pivot" to ai and their stock skyrocketed, all the circular investing of the companies into each other to boost numbers on paper is literally what Enron was doing iirc
it's a massive fuck off bubble that will pop, but the underline tech just like the internet itself is real, shit doesn't repeat it rhymes or whatever and just like the 08 financial crisis, nobody is going to jail for fraud and the taxpayer will eventually bail them out because we're literally in a suicide pact with them now + China is scary so we have to spend 1.5 trillion on talking computers because they are
|
The true story about that allbirds company is a lot less funny or interesting than the urban legend.
What companies are investing in AI products? Starting AI store fronts? I haven't used ONE ai product yet. Where is the bubble? San Francisco? Shenzen China?
Who is going to get hurt when the bubble bursts, specifically?
The biggest companies investing in ai are investing in the infrastructure, which you and I agree will be as vital to literally everyone as the internet is now. Thats no bubble.
A small fraction of the AI investments goes into small startups in san francisco. THe rest goes to building data centers that will be extremely valuable for the next 40+ years for literally everyone. Even if we do ww3, monitoring everyone with computers is literally the future.
Thats all AI bubble is: just giant monitoring people software.