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return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 5 hours ago

'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'

gizmodo.com

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'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'

gizmodo.com

return2ozma@lemmy.world to Technology@lemmy.worldEnglish · 5 hours ago
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The investor famous for predicting the 2008 housing market crash is expecting stocks to tumble next year.
  • Hubi@feddit.org
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    4 hours ago

    When the normies are trying to invest in AI, they’re the last to invest and know to throw money at it

    They are also the largest group by far. Doesn’t really mean much aside from the fact that adoption is now widespread.

    • pelespirit@sh.itjust.works
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      4 hours ago

      I don’t think it’s going to add up to a trillion dollars a year though, lol.

      AI and the Enshittification Era w/ Cory Doctorow https://www.youtube.com/watch?v=-dAIJRjb-Bw

      • thallamabond@lemmy.world
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        49 minutes ago

        The CEO of SoftBank says they need five trillion a year.

        https://finance.yahoo.com/technology/ai/articles/softbank-groups-ceo-says-5-112543307.html

      • Wakko@hell.cloud
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        4 hours ago

        I don’t think it’s going to add up to a trillion dollars a year though, lol.

        It will. The real question is - what will be the price of a loaf of bread in the multi-trillion dollar economy?

        • mojofrododojo@lemmy.world
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          1 hour ago

          nope. their capex alone is going to destroy them, then their investors will realize they’re all fucked and the real fun will begin

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