When the dotcom bubble burst - The Silicon Underground
When the dotcom bubble burst - The Silicon Underground
The hunt for the next Microsoft created an era of excess that wasn't sustainable
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Just wait till the "AI" bubble bursts.
Ive been saying that it's gonna cause another great depression and literally nobody is taking me seriously.
That might be a little bit excessive for just AI imo. But it won't be pretty.
The whole tech industry, which is basically the entire US economy at this point, is so horny for i"AI" that they've basically bet everything on it. And we have a casino joke economy to. Crashes in any major field bring down everything as idiot investors trade without an idea of what they're doing. Or the only idea they know is most everyone is using this "AI" stuff too.
For what it's worth, I buy this. We had tech bubbles before but this is so big, while also one of the few sources of growth anymore, while real economy is stagnating.