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AI Is Starting to Look Like the Dot Com Bubble (futurism.com)
submitted 3 years ago by to c/technology@lemmy.world
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As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[+] -51 points 3 years ago (5 children)

Most Americans didn't even feel the effects of the 2008 collapse. Most recessions aren't noticed by most of the country. These things are blown way out of proportion by news conglomerates that have a vested interest in it.

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  • [–] 29 points 3 years ago (1 child)

    Um no. So many of my friends unemployed. So many people were losing houses. It was nuts. Everyone noticed. The government even gave us “please don’t riot” money.

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  • [–] -5 points 3 years ago (2 children)

    All your friends lost thier jobs and houses. Uh huh.

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  • [–] 1 point 3 years ago (1 child)

    The company I worked for went from 12 to 5 employees. I bought a house for 15k because so many people lost them and the prices collapsed. Did you live through it? Maybe you were just insulated or ignorant of what was happening.

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  • [–] 1 point 3 years ago

    I even remember going to downtown Detroit to repair scratches on desks on entire floors of a empty of employees skyscraper right on Jefferson. Hipsters bought an empty skyscraper as well up in New Center. But yeah, no one affected.

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  • [–] 11 points 3 years ago (1 child)

    You have got to be kidding me. I don't know a single millennial who wasn't affected badly by 2008.

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  • [–] -4 points 3 years ago (1 child)

    Not a single one! Let me guess, you know one.

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  • [–] 3 points 3 years ago (1 child)

    You're either trolling or you live under a fucking rock.

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  • [–] -2 points 3 years ago

    I wasn't, but after everyone on lemmy suddenly became affected by 2008 I have been trolling.

    It's funny though, there was a post recently about how most Americans don't even notice the effects of a recession and everyone agreed in the comments. But here magically it's the opposite.

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