this post was submitted on 20 Jan 2026
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AI boom could falter without wider adoption, Microsoft chief Satya Nadella warns (www.irishtimes.com)
submitted 3 days ago by Stefan_S_from_H@piefed.zip to c/technology@lemmy.world
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Big tech boss tells delegates at Davos that broader global use is essential if technology is to deliver lasting growth

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[–] SaraTonin@lemmy.world 4 points 2 days ago

No, but when the AI bubble bursts it will wipe out between roughly 40% and 60% of the value of the US’s stock market, depending on which estimate you go by. For comparison, the initial crash of 1929 saw the stock market losing around a third of its value.

So either the government does bail them out, or it’ll be worse than that crash was.

Neither option is good for the little people