Late Stage Capitalism

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101

The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says (www.marketwatch.com)

submitted 1 week ago by kingofras@lemmy.world to c/latestagecapitalism@lemmy.world

6 comments fedilink hide all child comments

cross-posted from: https://lemmy.world/post/36846875

top 6 comments

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[–] ininewcrow@lemmy.ca 16 points 1 week ago (2 children)

Which guarantees that it will never fail!

Right? .... right?

[–] OrteilGenou@lemmy.world 8 points 1 week ago (1 children)

Too big to be too big to fail

[–] kingofras@lemmy.world 3 points 1 week ago

Given how were at 4 times the CDO bubble I think we’re talking too big to be too big to be too big to be too big to fail.

That’s too big for my calculator to see if that equals negative infinity or not.

[–] Serinus@lemmy.world 0 points 1 week ago

I mean the dot com bubble was primarily the world wide web as a focus. The world wide web did, in fact, turn out to be a huge thing that changed our lives.

I expect AI to be similar. It's a significant evolution of Google search. It's pretty good at natural language processing.

So AI is a thing that's going to be here to stay. At least 3% of the hype is well deserved and will last.

I can't speak for the other 97%. Maybe we should look to the dotcom bubble for answers, since we just went through this thirty years ago.

[–] Milksteaks@midwest.social 14 points 1 week ago

So my fifth once in a lifetime economic event. Totally sustainable and rational economic system

[–] P00ptart@lemmy.world 2 points 1 week ago

Millennials: well fuck.