World News

2327 readers

1072 users here now

Rules:
Be a decent person.
No racism, sexism, ableism, homophobia, transphobia, zionism/nazism, and so on.

Other Great Communities:

Rules

Be excellent to each other

founded 2 years ago

MODERATORS

Deceptichum@quokk.au

Grainne@lemmy.dbzer0.com

Bank of International Settlements Warns That AI Crash Could Produce Investment Drought, Economic Contraction and Even a Crisis | naked capitalism (www.nakedcapitalism.com)

submitted 1 month ago by supersquirrel@sopuli.xyz to c/world@quokk.au

5 comments fedilink hide all child comments

Big Tech’s AI spending spree risks ending in a prolonged “investment bust” that could rattle financial markets and damage the global economy, the Bank for International Settlements has warned.

The Basel-based organisation, which advises the world’s central banks, said the prospect of worse than expected returns in the tech sector could prompt investors to rapidly curb financing for AI companies, at a time when the five biggest “hyperscalers” are expected to invest more than $1tn from 2025 to the end of 2026.

you are viewing a single comment's thread
view the rest of the comments

[–] Eternal192@anarchist.nexus 13 points 1 month ago

AI is a plague that has been forced upon us and the whole "investment drought" bullshit and fear mongering won't make me change my opinion on AI.

AI should be there when i need it to assist me and not forcing it's assistance whether i want it or not.