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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com)
submitted 2 days ago by to c/technology@lemmy.world
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[–] 7 points 2 days ago (2 children)

Tech Bros have been trying to repeat the Net Boom almost immediately after that bubble burst

the original dot com bubble never really got its reckoning because almost immediately after that there was 9/11 which shifted focus and then there was the whole economy collapse situation and by then it was ancient history nobody cared about.

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  • [–] 1 point 1 day ago (1 child)

    if something similar happens again, there might be a pattern

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  • [–] 2 points 1 day ago

    it happened like five or six times this century alone but because of creative bookkeeping and bailouts it seems like its impact was mitigated time and time again but in reality it was just chipping away an already shaky foundation built on perception and not reality.

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