| ▲ | woeirua 11 hours ago |
| Better hope not. If the AI bubble pops it’s going to make the dotcom bubble look like a tiny divot in the road. |
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| ▲ | elevation 11 hours ago | parent | next [-] |
| The .COM bubble was more than a divot because .COMs in so many industries employed so many people. There was amazon.com, but also pets.com, lowermybills.com, gateway.com. But if our economy somehow loses access to AI (rationing due to wartime efforts? sabotage by a foreign nation? simply not enough grid power to turn them on at the price people are willing to pay?) I would probably need to hire more coders to get the equivalent work done. |
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| ▲ | Spooky23 10 hours ago | parent | next [-] | | AI is driving trades, materials, real estate, all sorts of downstream stuff. The rest of the economy is dead. Oracle is dead without OpenAI. Remember that unlike the dotcom, none of these companies are public. So when it pops, you’ll see private credit and PE funds implode, which could bring down banks with unhedged exposure. The headlines talk about JP Morgan (which likely has the risk managed), but regional banks got into that nature in the last couple of years in a big way. | | | |
| ▲ | mjd 9 hours ago | parent | prev [-] | | Did amazon.com go bust? Seems like I heard they were still in business as of a couple of years ago at least. |
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| ▲ | starkeeper 11 hours ago | parent | prev | next [-] |
| How would this be a bad thing? |
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| ▲ | jen729w 10 hours ago | parent | next [-] | | Because everyone's retirement depends on the stock market. If you're unlucky and your portfolio vests the day after a massive crash, that can have a very meaningful impact on the rest of your life. | | |
| ▲ | Ekaros 3 hours ago | parent | next [-] | | Maybe that will make everyone to think what is going on with this retirement plan build on stock market growth and expectation there will be something to buy with that "wealth" in future... | |
| ▲ | emp17344 9 hours ago | parent | prev [-] | | If it’s a bubble, it has to pop sooner or later. It’s better if it pops now before growing even larger. |
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| ▲ | calvinmorrison 10 hours ago | parent | prev | next [-] | | Like New Caledonia the wealth of our nation has been pumped into a get rich scheme looking for a new world | |
| ▲ | SilverElfin 11 hours ago | parent | prev | next [-] | | I want to see these overly powerful tech oligarchs to fail too. But one issue is that all of us are tied to their performance to some extent. Our investments are exposed to them. Your 401k probably has funds that include them. When they fail, it hurts others too. It’s also why SpaceX wants to be included into index funds as soon as possible after they go public. I recall the rules may be revised to support this, meaning everyone who has money saved in those funds will automatically be tied to the fate of SpaceX. | |
| ▲ | johnvanommen 10 hours ago | parent | prev [-] | | [dead] |
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| ▲ | cgio 11 hours ago | parent | prev | next [-] |
| We already have our jobs on the line with AI, right? How will a crash be worse in personal terms? |
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| ▲ | falkensmaize 10 hours ago | parent [-] | | There's a lot of people who think the only thing keeping us out of a serious recession or even depression is AI investment. |
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| ▲ | danaris 6 hours ago | parent | prev | next [-] |
| The only alternative is to keep feeding the bubble deliberately, while knowing that it's a bubble. And no bubble can last forever. And the longer they go, and the larger they get, the worse the fallout is when they finally pop. |
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| ▲ | DesiLurker 11 hours ago | parent | prev | next [-] |
| why? its all private money funding AI at the moment, sure some data centre reality companies would go belly up but you will be surprised to find out how much of it is big headlines and very little action. there is a lot of installations and GPUs not yet brought online but marked as sold because of .. well physical world delays. Let me put it this way, IF AI is a bubble then I'd like it to go bust asap instead of dragging along and going public and then us discovering BS/creative accounting revenue in S1 filings. by then it would be much worse. Right now VCs and PE firms will absorb it all. The thing with dot-com was that there was actual public market corruption & euphoria. that caused the bust painful for everybody. RN its bigtech & PE how has heavy cash reserver and margins to bun through. I'd much rather have them take it then average 401k. |
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| ▲ | esseph 9 hours ago | parent [-] | | > The thing with dot-com was that there was actual public market corruption & euphoria. Just like now, the financial cup game is insane. Commiting money to a company that plans on doing a thing if they can get another company to do a thing and then that company is leveraging those cumulative possibilities in its own wager. The speculation is out of control. |
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| ▲ | mikeweiss 10 hours ago | parent | prev [-] |
| Of course it's going to pop! |
