Wall Street Appears to Be Having Serious Doubts About AI
Wall Street Appears to Be Having Serious Doubts About AI
futurism.com
Wall Street Appears to Be Having Serious Doubts About AI
12 comments
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With 95% of all attempts to turn AI into money falling flat, and some of them with spectacular fireworks, this is not surprising.
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The sooner investments into AI stop, the easier the future economic recovery will be.
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As it should.
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Can we be so sure such a stock market dip is due to the ongoing daytime TV drama that is AI?
There's also the undercurrent of the Trump administration steamrolling over decades- or century-old precedents daily, putting our country, and thus the economy, in new territory. Basic assumptions about the foundations of our economy are crumbling, and the only thing keeping it from collapsing outright is inertia. But inertia will only last so long. This is affecting every aspect of the real economy, goods and services that are moving around right now, as opposed to the speculative facets like the AI bubble.
I'm waiting for the other shoe to drop and for Wall Street to realize Trump has really screwed over vast swaths of supply chains all across the economy.
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Well yeah, but the oligarchs (including the mainstream media) have a vested interest in blaming anything but MAGA's fascist kleptocratic kakistocracy.
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Thank god
12 comments
I smell another taxpayer funded bailout for the rich on the horizon.
AI stuff accounts for more than a third of total US GDP growth at this point, so yes they will do whatever it takes to keep that bubble afloat.
...but that aspect will only keep going as long as they keep buying GPUs. If this bubble bursts, sure the government might prop up the companies so they don't incur heavy losses, but the economic activity will stop. At that point the American economy stats will shrink by 30% (to their true size)