Per Ed Zitron, CoreWeave may be the canary in the ai bubble coal mine.
this post was submitted on 19 Aug 2025
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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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The dotcom bubble destroyed a lot of retirement accounts people had no ability to choose the companies invested in as they were often generic, broad, investment portfolios. It also killed a lot of lower end white collar jobs, and damaged a lot of local government investments, leading to steep declines in those services. There are numerous other ways non-tech people were affected, but I don't feel like writing a bunch.
I am interested to know how old you were when that dotcom bubble popped, though.