Comment on AI is destroying open source, and it's not even good yet
bearboiblake@pawb.social 3 weeks agoThe AI bubble bursting, which I would put good money on happening this year, will probably cause a global financial crash on a similar scale as 2008. Many AI and tech companies will be completely exposed as dead trees and basically wiped out completely. A bunch of hardware will most likely flood the second hand market at that time. Sadly, due to job losses and ballooning cost of living, few of us will be in the market for it, so mostly the wealthy and corporations will benefit from it. Good opportunity to get a decent quality office chair, though.
If you look at the finances it’s on track to burst sometime in 2027. That’s when loans start to come due and when investors first expect to start to see a return for many of these deals.
They basically have a year to achieve agentic AI or AGI or whatever were calling it now and monetize it.
CorrectAlias@piefed.blahaj.zone 3 weeks ago
Honestly, as a tech worker who will likely lose their job when it bursts, I hope it happens soon. The sooner it happens, the less devastating it will be. We’ve already gone off of the cliff, now it’s just a matter of how far we’re going to fall