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AI bubble could burst and take global economy with it, IMF warns (www.theregister.com)
submitted 1 day ago by to c/fuck_ai@lemmy.world
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AI investment has helped keep markets and economic growth ticking along, but the IMF fears the boom could quickly turn to bust if the promised profits fail to materialize. With tech giants borrowing billions and investors piling into the same handful of companies, a selloff could leave more than just Silicon Valley nursing a hangover.

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[–] 18 points 1 day ago (2 children)

Yeah the "business" tycoons do that every decade or so. Some busts are bigger than others. Not much any of us can do about it unless we tax the hell out of corps and wealthy so that they can't build enough self serving shit to then dump the economy once they've scraped as much money as they can in the current cycle.

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  • [–] 3 points 1 day ago (1 child)

    I'm convinced at this point the goal is to just not use money. Why do we have to be tied to this shitty fiat currency that isn't directly tied to physical worth?

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