The insane AI push is purely driven by fear of being left behind.
No one is actually stopping to ask whether it is all worth it.
The insane AI push is purely driven by fear of being left behind.
No one is actually stopping to ask whether it is all worth it.
Since that is going to happen anyway the earlier it bursts the sooner the industries they are bleeding dry, like computer component manufacturing, and the negative impacts of a huge chunk of the ‘economy’ collapsing can get sorted out.
No offense but that’s exactly what I mean when I say people are too poor to understand what the rich are attempting here.
The bubble won’t burst until they decide to stop injecting cash. They’ll keep injecting cash so long as there is blood left to squeeze. Once they get their capital gains and appreciable assets the stocks just get sold (triggering the bubble burst) and reinvested during the dip.
For all the Dot Com references, people seem to be forgetting that Amazon lost 90% of it’s stock value during that March 2000 crash.