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108

I feel like the AI bubble has began bursting (sh.itjust.works)

submitted 1 week ago by someacnt@sh.itjust.works to c/fuck_ai@lemmy.world

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This is only a subjective feeling and I do not have substantiated reasoning behind it, but it does feel like the bubble began bursting.

More and more people admitting that it is a bubble, even among the insiders and financial institutions.

We also got some infographic that AI companies are propping each other up. Not really indicative of anything, but it adds to the feeling.

Also idk, the pattern on the stock market looks like the top is in. Ironically, I am relying in this signal the most. Just wanted to post that.

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[–] CompactFlax@discuss.tchncs.de 15 points 1 week ago* (last edited 1 week ago) (1 children)

Th economy is in a recession, and the money the hyperscalers have been throwing at AI is kinda like a bailout. Just wait for it all to stop.

[–] cecilkorik@lemmy.ca 10 points 1 week ago

It's not even a bailout, it's a financial potemkin village we've built to obscure how bad the recession actually is, and how much of a long-term depression it is likely to be.