Comment on A tangled web of deals stokes AI bubble fears in Silicon Valley

• sanpo@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

  Countries? Don’t be ridiculous.

  And any company that made itself so dependent on unproven bullshit kinda deserves it.

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  • HK65@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

    Companies, totally.

    The only country it might take down is actually the US, as it might be the spark to start some shit in the current tense environment. I mean that I could see the bubble pop be Franz Ferdinand to a 2 Civil 2 War.

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    • megopie@beehaw.org ⁨3⁩ ⁨weeks⁩ ago

      I mean, given that 1/3rd of the s&P 500s value is in 7 companies who are all heavily invested in AI compute.

      I’m sure that the 10% wealthiest who’s consumption makes up over half of consumer spending won’t drastically cut back their spending if they lose a third of their wealth that’s in index funds.

      And I’m sure private equity firms that are also heavily invested won’t start trying to liquidate their other assets at the same time.

      No way this could see a massive decrease in consumer spending.

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      • teawrecks@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

        The mag 7 is 1/3 of the S&P500, but that doesn’t mean the loss will be limited to 1/3. A those other companies are also dependent on AI and the success of those 7.

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    • Powderhorn@beehaw.org ⁨3⁩ ⁨weeks⁩ ago

      I’d be surprised if 20% of U.S. adults could tell you who Franz Ferdinand was, let alone why he’s a historical figure. Make the prompt “Archduke” Ferdinand, and that figure might double, generously.

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      • ErmahgherdDavid@lemmy.dbzer0.com ⁨2⁩ ⁨weeks⁩ ago

        Everyone knows Franz Ferdinand, the indie rock band from Glasgow. Their 2004 hit “take me out” is definitely historical /s

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  • Evilschnuff@feddit.org ⁨3⁩ ⁨weeks⁩ ago

    Especially since ai is just treated as outsourcing 2.0

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    • fnrir@lemmy.blahaj.zone ⁨3⁩ ⁨weeks⁩ ago

      AI - another indian

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  • teawrecks@sopuli.xyz ⁨3⁩ ⁨weeks⁩ ago

    The Mag7 are the 7 giant tech companies currently propped up by the AI bubble. These companies represent upwards of 34% of the marketcap of the S&P500. The other 493 companies are also intimately tied to the success of AI and/or the Mag7. Not just everyone’s retirement accounts, but a huge amount of the world is invested in the US S&P500 thinking they’re diversified across 500 successful companies.

    So to be clear, yes, we’re absolutely poised for a worldwide economic recession. I wouldn’t be surprised if smaller nations who rely on USD are completely bankrupted, but one thing is for certain: when AI pops, the fallout will not be limited to the US.

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• melroy@kbin.melroy.org ⁨3⁩ ⁨weeks⁩ ago

  Counties? Nah, maybe a small village at most. If everybody in that village is working for a Ai start up that is. 😅

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• Swedneck@discuss.tchncs.de ⁨2⁩ ⁨weeks⁩ ago

  the thing about this is that those places have already doomed themselves to getting fucked, it’s just a question of when. Might as well pray it comes early so it’s less of a fall.

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• tangentism@beehaw.org ⁨2⁩ ⁨weeks⁩ ago

  Don’t promise me a good time!

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• 5in1k@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

  Meh. Fuck em.

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