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“This Is Unfair” American A.I. companies say Chinese competitors are copying their A.I
(www.nytimes.com)
This is a most excellent place for technology news and articles.
The AI companies will die. That is fact. Some will even die quickly when the bubble pops. What cannot continue must stop. The earlier the bubble pops, the less the harm.
Also, resessions are moneymaking for the extremely wealthy. They lose wealth on paper (unrealized), but they are positioned to "buy stock when it is on sale", not to mention benefit from government stimulus and bailouts. Its all the small time pension investors that get hosed the most.