First sign of the bubble bursting?
this post was submitted on 07 Mar 2026
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United States | News & Politics
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hopefully
I was just at lunch with family members from around the country, and two of them said that big data centers had recently been turned down by their local politicians.
To the surprise of zero sane people 😮💨🤬
I'm a bit surprised the bubble kept going as long as it did. It's absolutely wild how investors just kept throwing hundreds of billions at tech that didn't have any clear business model, no market fit, and wasn't making any substantial revenue.
Oh shit the first domino has fallen.
may we see more in the coming weeks
Have we finally stopped pretending the layoffs are being caused by AI replacing workers?
If you had a customer service phone center job that was replaced with an AI chatbot, you certainly did lose your job to AI.
Not exactly. I'm sure there are specific cases where someone lost their job because AI does it better, but in most cases they lost their job because we're in a recession and the company needed to use chatbots to cut costs.
...decided to use chatbots to cut costs. Also, AI doesn't do it better.
Well, it cuts costs in the short run. In the long run it's more expensive because (for most jobs) it does a worse job and requires human intervention to fix the problems it creates, but that's next fiscal quarter's problem.
I interacted once with a person fired from a QA position from Amazon (US) and she insisted that it was because of AI 100% so that kinda messed up my strong opinions tbh, maybe some are actually being fired because of it?
Well, I believe they told her that.
LLMs are fundamentally incapable of replacing jobs that do anything useful, but one of the main uses of an LLM is for an executive to posture that it will replace your job. And a lot of executives are fucking morons that genuinely believe LLMs can replace your job.
Oh I remember reading a month or so ago that the first biggest sign of the AI collapse was "Watch what happens at Oracle's upcoming earnings call in March."
Looks like it's not going well for the AI bubble
lol yup
Glad the Ellison wasted their money on blocking Netflix from monopoly then.
They will have their ROI, both in money and chattel slaves.
So oracle eats its seed corn to build even more fucking data centers rather than accept the risk evaluations of their lenders.
Man, what god damn geniuses over there. I bet they can't wait to have their ghost writers felate them over this decision in their future "autobiographies" that will be for sale at the airport. Oh wait, silly me, there's no ghost writers anymore!
Looks like Iran scored another hit on the AI bubble.
I wish they'd score more, and multiple on ~~Stacks Mobile~~ Star Link, too.
Oracle is refashioning as a bank