this post was submitted on 01 Aug 2026
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257
The AI bubble could burst — and take the economy with it - The Boston Globe (www.bostonglobe.com)
submitted 3 weeks ago by FoxtrotDeltaTango@sh.itjust.works to c/technology@lemmy.world
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cross-posted from: https://lemmy.world/post/50104484

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[–] Thebeardedsinglemalt@lemmy.world 5 points 3 weeks ago

So the top 7 companies hedged their entire futures on something unsustainable? In the last 12 months Oracle already laid off over 50,000 employees to bottom-line their AI goals (30,000 ish and 21,000ish a couple weeks ago).