this post was submitted on 10 Oct 2025
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askchapo

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37
What is the argument that we’re NOT in an AI bubble? (hexbear.net)
submitted 6 days ago by CleverOleg@hexbear.net to c/askchapo@hexbear.net
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Part of me feels the fact that EVERYONE is saying that there’s a huge AI bubble makes me wonder if there’s actually a possibility there isn’t an AI bubble. Because I was around for the dot com and GFC bubbles and no one (not really) saw those coming. Also, China is pretty much doing everything right these days, and they seem to believe in AI too.

And I’m not against AI in any and all forms. Like, I think there’s huge potential in translating foreign languages. I think it would be cool if people could talk in their native languages but have AI translate things perfectly - which I understand is something AI can do. There are some simple functions in my job (like searching through and summarizing things from our very massive list of policies). But even thinking about the absolute best case scenarios for AI, I can see how the current expectations are even close to what the reality can be.

So what is the argument that we’re not in a bubble, even if we don’t actually believe it?

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[–] plinky@hexbear.net 4 points 6 days ago

i mean kinda but not really?

they are not doing stocks for loans schemes, thus banks are not exposed (piddly 10s of billions of openai/anthropic is whatever for something like goldman), the construction industry eating shit anyways in home market. Like 2008 was cataclysmic cause both giant industry imploded, people lose homes, thus stopped buying durable treats, so it was shit on all fronts. Here like 50k people lose their jobs and jenson becomes sad.

stockmarket crash could somehow wipe savings of whole genz in robinhood, and freezes consumption that way, but that's solvable with endless qe as wellm as it's not real economy. for real economy to crash, the top quintile/decile have to stop to consume, for some reason.