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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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[–] 2 points 19 hours ago (1 child)

So, if it takes the global economy away then you could still eat an apple but there would be no price tag attached. Money has always been a middle-man of questionable and ever-changing value.

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  • [–] 1 point 14 hours ago

    It's not taking the global economy away in that sense.

    It'll blow up the global economy in that a lot of people will be unemployed and everyone's retirement funds will crash (which is fair, because AI is what made them go up so fast in the first place). A few rich people will also lose a bunch of money, but the clever ones will actually profit off it.

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