and take the economy with it...

Yeah like the last umpteen times this has happened in my lifetime. We live in a society of greed, who knew it would be so unstable?

If that's the thing that kills the economy, the economy deserves to be killed

Yeah, like we haven't been through multiple "generational" recessions.

At this point I feel like I've spent more time alive during recessions than not, so what's one more for the pile - especially if it means getting to watch the AI bros go bankrupt.

It has always been either the economy crashing because the AI bubble pops, or the economy crashes because the bubble didn't pop due to AI successfully replacing enormous numbers of workers.

Let the dominoes fall.

The stability of our economy depends on them quickly changing course.

Oh. Well.

Not could. It's a mathematical certainty that it will. Barring a breakthrough miracle -- fat chance.

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 think that's kind of their idea. Be unsustainable and unprofitable, yet push to be on everything so the Goverment will bail them out.

Yeah wow hey maybe you should have fucking listened to everyone who’s been saying that for goddamn YEARS. 🫩

I wonder if we will be able to get GPUs and RAM for reasonable prices afterwards.

Too big to fail...again...

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

World War 3 will keep it going!

I’ve put all my money in pogs so I should be ok.

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.

When you got nothing, you got nothing to lose.

Bob Dylan

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

Sigh. Guess I'm gonna go read Ed Zitron's latest rant.
Haven't read it yet, no idea what he's on about today, but here's the link.
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/

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

I am entirely disconnected from "the economy". Fuck AI and fuck the market. Tech cunts have it coming.

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?

LFG

Well, ehm... Worldwide or "just" the US economy who build up on this shit the last year or so?

Not sure how the follow up impact will be on other countries, but first of, the US will be fucked

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.

economy of paid subscriptions needs to die. ☑️