If you want to know whether artificial intelligence is a gigantic economic bubble, don’t just take pundits’ word for it. Major investors are now moving their money to try to protect themselves from the AI bubble popping.
  • gecko@lemmy.ml
    0·
    5 hours ago

    i wonder what will be the trigger , maybe the war that is about to be resumed will be enough

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOPM
      0·
      2 hours ago

      The physical price of energy going up once the war resumes is the most likely one. High energy costs will drive up inflation, and the borrowing rates are going to go up, and the whole industry runs on massive borrowing. It’s already unsustainable, but with higher rates it’s going to be impossible to pretend that anybody is ever making their money back.

  • XiJinpingStanAccount@lemmy.ml
    0·
    10 hours ago

    I hope everyone is taking advantage of what our comrades in China are doing and getting a cheap solar panel for backup power while you can. 100W is a lot better than 0W. And the economic crash is going to be very bad. The less reliant you are for your survival on the systems that will fracture the better off you will be.

      • ggtdbz@lemmy.dbzer0.com
        0·
        49 minutes ago

        “Prepping” by stocking up on stuff to rob your neighbors of their stuff = bad

        Harvesting a bit of solar energy if you can afford to is pretty much the opposite of that mentality. I’ve lived/am living through the aftermath of an almost complete collapse here in Lebanon and I can assure you solar power is the only “solution” that doesn’t feel like a complete Faustian bargain. Literally everything else you have to do to live a decent life feels like mortgaging your future for a better shot at reaching it. It’s the most expensive thing we’ve ever done and at least when it comes to domestic electricity I feel like a king

    • Marn@lemmy.dbzer0.com
      0·
      13 hours ago

      It’s not going to burst until they can get as many AI companies to go public as possible then there will be a mass sell off and even then there will still be a lot of money in it. Surveillance capitalism for one is and will be profitable for quite some time for example