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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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[–] 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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