"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Sundray@lemmus.org · 11 days ago

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

slaacaa@lemmy.world · 11 days ago

This is exactly right, and a lot of AI sceptics don’t see it. It doesn’t matter if the AI can’t do your job. If company execs are convinced it can, or they think this is a good excuse, they will fire you. When/if the bubble bursts years later, they are already at their next gig, nobody will care that they were wrong.

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Pluralistic: The real (economic) AI apocalypse is nigh (27 Sep 2025) – Pluralistic: Daily links from Cory Doctorow