• shalafi@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 month ago

    For those of you cheering for the AI bubble to pop…

    AI investments now accounts for about 40% of the United States’ GDP growth in 2025, and AI companies are responsible for 80% of growth in American stocks.

    …are you not scared shitless?

    This is not the dotcom bust, and it’s far fucking worse than the 2008 housing crisis. And to think when I was young the Savings and Loan crisis was a big deal. We’re on the edge of Great Depression 2.0.

    • Jhex@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 month ago

      …are you not scared shitless?

      the longer the bubble keeps going, the worse it will be… those of us convinced this is already a massive bubble believe the best time for it to pop was yesterday, the next best time is right now

    • hotdogcharmer@lemmy.zip
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 month ago

      We’re fucked. No point being scared of something we have no control over. A few rich men will come out of this ahead, and the rest of us will fight over the scraps, lose our homes, and starve. 🤷‍♂️

  • melfie@lemy.lol
    link
    fedilink
    English
    arrow-up
    0
    ·
    edit-2
    1 month ago

    Nvidia announced that it would invest $100 billion into OpenAI, OpenAI announced that it would pay $300 billion to Oracle for computing power, and Oracle announced it would buy $40 billion worth of chips from Nvidia.

    I can’t help but feel like we both just ate shit for nothing." “That’s not true”, responded the second economist. “We increased the GDP by $200!”

    Except the way it actually works is Larry, Jensen, and Sam keep the money while the rest of us eat shit.

    • scarabic@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      30 days ago

      Is anyone going to talk about how the amounts don’t remotely match up? If you just cancel them all out, you still get Open AI buying $160 billion in Oracle compute.