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.
Everyone here is too poor to understand that the AI bubble bursting will benefit the rich at our expense.
The bubble bursting will be triggered by the rich cashing out of their stock positions and leaving everyone who isn’t an insider holding the bag.
Assets like land for data centers may lose liquid value in the short term, but in the long term they will remain assets of the rich.
Data centers themselves require inputs that the rich can afford to procure. The rich will collude to supply data centers while leaving everyone else fighting for energy and water.
The people standing to benefit from the AI bubble are insulated by several layers of corporations, trusts, and insurance. They’re pushing us over the cliff so that they can buy the dip. Dump and pump baby.
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.
They’ll withdraw, wait for the crash and buy again
BINGO