this post was submitted on 04 Aug 2025

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The AI bubble is so big it's propping up the US economy (for now) (www.bloodinthemachine.com)

submitted 1 day ago by chobeat@lemmy.ml to c/technology@lemmy.zip

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[–] Pistcow@lemmy.world 16 points 1 day ago (2 children)

Whi doesn't like a service that can pump out a B- term paper in about a minute. Can't wait for the crash.

[–] shalafi@lemmy.world 19 points 1 day ago (1 children)

This crash is going to make the dot.com bubble look like small beans. The kinda money behind this stunned me after reading the article. Still, might as well get it over with.

[–] Pistcow@lemmy.world 1 points 1 day ago

Ive lost track of how many crashes ago that was....

[–] ArbitraryValue@sh.itjust.works 6 points 1 day ago (1 children)

Pumping out a B- paper means being able to replace the average college graduate.

[–] Catoblepas@piefed.blahaj.zone 7 points 1 day ago (1 children)

So where is that happening? Because we’ve already got the B- papers, assuming no sources are checked.

[+] ArbitraryValue@sh.itjust.works -12 points 1 day ago* (last edited 1 day ago) (2 children)

Well I, for one, have gained a great deal of effective psychological advice from ChatGPT - advice that has significantly altered my internal state and is changing my life for the better. My friend (an experienced software developer) uses AI to review code and look up obscure syntax. According to him, it functions at the level of a "very well-read intern". A scientific collaborator I used to write data-analysis scripts for almost never asks me for help anymore. She is very happy because Gemini is good enough to do almost all of what she needs. A digital artist I know often edits promising AI-generated pictures rather than drawing from scratch. A very no-nonsense coworker increased his productivity so much using Copilot that he voluntarily arranged to give a talk to the rest of the developers about how great it was.

All these are people I know personally. I don't think an AI can write a B- paper (it can write something that looks like a solid paper until, as you say, the sources are checked) but it's already helping many professionals work more efficiently. For now, this looks like a warm-and-fuzzy "AI works together with humans rather than taking their jobs" scenario but every one of the people I've mentioned thinks that the technological development that lets AI take his or her job could happen any day now.

I'm not saying that the current boom in AI investment isn't a bubble, but as Noah Smith points out, the railroad and dot-com bubbles that it's being compared to were about technologies that really did change the world not long after the bubbles popped. The bubble investors weren't as much wrong as they were just too early.

[–] Auli@lemmy.ca 14 points 1 day ago

Seek professional help. Don't use llms as your phycologist.

[–] Feyd@programming.dev 12 points 1 day ago (1 children)

Any "experienced" developer that says these AI tools have drastically increased their productivity is full of shit

[–] ArbitraryValue@sh.itjust.works -1 points 1 day ago (1 children)

Depends on what you mean by "drastically". The guy evangelizing to the rest of the company was claiming an increase in productivity of about 30%. I'd say that's a big increase, but I wouldn't use the word "drastic".

[–] Auli@lemmy.ca 3 points 1 day ago

A lose of 30% sure.

[–] Tollana1234567@lemmy.today 5 points 1 day ago* (last edited 1 day ago)

due to the massive layoffs they did, once AI/investors start asking for thier ROIs its going to crahs and burn all at once, like with crypto. plus using it as a screen ofr job listings too.

[–] npdean@lemmy.today 3 points 1 day ago

Funny thing is that it is all happening in public view. Yet, the ones who will be burned will be the public. People are stupid with money and the market fucks everyone, eventually.

I can see the posts when this stock bubble pops - blaming the Institutional investors, the rich and the government. Zero introspection or responsibility for smart investment.

The economy, well, that is actually a fault of the government. But people will be too busy seething about the stock market to notice the economy dying.