The economy has not been good since the 70's and I wish economists would collectively pull their heads out of their asses and stop towing the line of the ones in charge.

What you or I experience is completely decoupled from the stock market, or the GDP, and has been forever.

economy of paid subscriptions needs to die. ☑️

I can burst it quick if I invest in Nvidia and AMD.

could, you mean will. when that happens all those tech people in AI will likely be first to be laid off, the first signs would be the sudden evaporation of AI tech conferences in many hubs,. and all those catering companies, food companies that depend on these conferences is going to hurt too.

Listen, I work IT at a managed service provider, which means I see a dozen + small to medium business environments daily.

The number of users that I know of, out of the hundreds or thousands that I support, who are actively using "AI" continually to do their jobs... Well, I can likely count them on one hand

There's a bunch that use whatever free tool they are allowed to access. Which kind of flies under the radar for me, but I still don't think you're dealing with double-digit percentages of people using "AI" that actually spend any money on it.

And these are business users, who work at businesses with rather deep pockets at times....

People are not buying the product. "AI" in the business world, isn't making any money. So from what I've seen, this is less a matter of if, and more a matter of when and how bad.

As a tech person, I am not threatened by AI. It can't do my job. Also, I'm the one who fixes it when things go wrong. And the only thing I'm looking forward to is being able to pick up cheap RAM, and storage when this all comes crashing down as AI companies cash out and liquidate their inventory. Maybe I can pick up a cheap AI server and repurpose it to be a 3D/gaming virtual desktop, so when my friends come over with their cheap laptops and on board graphics for a LAN party, I can just provision them a virtual gaming computer and we can go ham.....

I'm going to save my sheckles until then...

I have limited experience with the market but I see it this way: anyone with AI holdings should liquidate at their earliest convenience. I don't think they'll be keeping up this charade for a lot longer. Anyone who has tech holdings, either cash out, or be prepared to have that money held up for a while because it will take a long time for the prices to recover, and unless you want to cash out at a loss, you're going to be holding for a long time. Everyone else, hold onto your butts. Probably everything will probably dip when the fecal matter hits the rotary air movement device. Non tech areas of the market should recover pretty quickly, so meh?

This is obvious to me that the whole thing has failed. That realization hasn't hit execs yet.

So the top 7 companies hedged their entire futures on something unsustainable? In the last 12 months Oracle already laid off over 50,000 employees to bottom-line their AI goals (30,000 ish and 21,000ish a couple weeks ago).

Are we at the point of stocking up on materials and pulling $$ from banks for the inevitable collapse?

That’s the point. AI was never meant to succeed. It’s a ransom. They are willing to kill the hostages so to speak.

I don't have any money. Crash away. Fuck it.

The scumbags are getting better at making sure they end up rich when it happens. The only important thing from their point of view.

Please do. I'm tired of reading PKD novels, they're more fun happening IRL.