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Billionaire investor warns the enormous AI bubble will pop | Geopolitical Economy Report (www.youtube.com)

submitted 1 week ago by rss@news.abolish.capital to c/shorts@news.abolish.capital

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The AI bubble has caused the most concentrated and overvalued stock market in US history. Billionaire investor Ray Dalio warns it may pop soon. Ben Norton reports. || Geopolitical Economy Report || Please consider supporting us at https://geopoliticaleconomy.com/Support Subscribe to our newsletter: https://geopoliticaleconomy.report/ Join our community on Patreon: https://patreon.com/GeopoliticalEconomy

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[–] supersquirrel@sopuli.xyz 4 points 1 week ago (1 children)

Billionaires are even less useful than AI, which is saying something.

[–] lIlIlIlIlIlIl@lemmy.world 1 points 1 week ago

AI is useful for many specific cases. Billionaires are useless

[–] reluctant_squidd@lemmy.ca 2 points 1 week ago

I’m not a billionaire, nor an investor really, and I could have told you that.

[–] mindbleach@sh.itjust.works 1 points 1 week ago

Well, yes, Ben. And next month there will be weather. Stating the obvious isn't worthwhile unless you can be a bit more specific.

After that happens - users will still have local models. The mountain of whitepapers will allow future research at smaller scale than 'as much money as possible.' Grifters moving on will reveal the tasks the chatbot-that-codes is useful for. Maybe artists will stop performatively rejecting any uses of the CGI-for-dummies denoiser. Maybe.