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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com)
submitted 1 day ago by to c/technology@lemmy.world
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[–] 19 points 10 hours ago (2 children)

I believe the implosion of the AI bubble will essentially torpedo the only thing still supporting the US economy?

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  • [–] 8 points 10 hours ago

    Yes. When the bubble finally pops it means AI is here to stay and the remaining companies will probably climb 100x over the next two decades, but all the people currently invested will lose almost everything. The people not invested will still feel the effect as the layoffs and bankruptcies start rolling out, and anyone pension or retirement that is tied to bubble will lose a lot of value.

    This will come right as the bond market is reaching the point of no return, and the US won't be able to pay back the debt. A lot of people are going to lose everything, including their retirements during the debt liquidation that is coming.

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