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Google CEO: If an AI bubble pops, no one is getting out clean (arstechnica.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 42 points 10 months ago (6 children)

Make no mistake. Just like the housing bubble of 2007 and 2008 there are people poised and ready to make tons of money off of the deflation of the AI bubble.

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  • [–] 1 point 10 months ago (4 children)

    The money to be made is on predicting when, not it it's going to burst. Otherwise we'd all be betting the house on it.

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  • [–] 4 points 10 months ago (3 children)

    Actually it's more about the how. The people betting against the housing market put their chips down as early as 2005. They just had to find a way to profit from it.

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  • [–] 0 points 10 months ago (2 children)

    Interesting. And what was the how back then?

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  • [–] 1 point 9 months ago (1 child)

    Sub-prime mortgages going into default en masse

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  • [–] 1 point 9 months ago

    That's not how people made money. That's what precipitated the crash. Shorting companies that were exposed would have been one route to make money - but as I said before, the smart piece there is in the timing not the mechanism. Shorting stock isnt difficult...Shorting it at the right time can be.

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