Literally Everyone Is Saying The AI Bubble Is About To Burst And Here’s Why
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AI slop bots now make up 51% of the internet, and it looks like they’re probably about that much of the economy too as AI’s biggest companies are now a quarter of the S&P 500.
America has quietly become a bananai republic and everyone’s noticed.
It seems like AI companies are all anyone wants to talk about anymore, with OpenAI reaching a half a trillion valuation while every major tech firm has put all their chips on an automated future.
Meanwhile, Nvidia, AMD, OpenAI, Microsoft, and Oracle are all very publicly creating an elaborate, trillion-dollar web of circular investments, aka a Michael Bublé.
As Morgan Stanley investor Ruchir Sharma put it, the US economy is “one big bet on AI.” Lisa Shallett, another Morgan Stanley investor, says we might have another dot-com “Cisco moment” on our hands. Great.
Even Sam Altman’s getting in on the pessimism, “Between the ten years we’ve already been operating and the many decades ahead of us, there will be booms and busts… People will overinvest and lose money, and underinvest and lose a lot of revenue.”
The only one not saying there’s going to be an AI bubble is Jim Cramer…
We’re all fucked.
But some are saying maybe it’ll be a good thing. Yes, in the short term, we’ll all die, but the current state of things is that this AI boom is only really helping the super-rich and if all that comes crashing down maybe that money will be redistributed a bit… maybe. Sounds like wishful thinking.
At least with a crash, we won’t get as much sloppy AI chud slup any more. AND maybe it’ll avoid a Terminator-type scenario. So that’s exciting.
Yeah, I’m going to be putting my money in gold.
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