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The warning signs the AI bubble is about to burst (www.telegraph.co.uk)

submitted 8 months ago by yogthos@lemmygrad.ml to c/technology@hexbear.net

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[–] frogbellyratbone_@hexbear.net 22 points 8 months ago (1 children)

this isn't me fanboying LLM corporations. pop pop pop. this article is fucking stupid though.

On Tuesday, tech stocks suffered a shock sell-off after a report from Massachusetts Institute of Technology (MIT) researchers warned that the vast majority of AI investments were yielding “zero return” for businesses.

no they didn't. :// there was a small 1.5% "shock sell-off" (fucking lol) before rebounding. they're only down 0.5% over the past 5-days.

even softbank, who the article focuses on, is up 36.5% (god damn) over the past month. that's huge.

this week’s sell-off has yet to shift from a market correction to a market rout

omg stfuuuuuuuuuu. it's -10% for a correction we aren't even 0.5% of that.

[–] Carl@hexbear.net 30 points 8 months ago (1 children)

come to think of it, "the market responded to an MIT study suggesting that the technology is worthless" is far too coherent for the stock market. The crash/bubble pop will come because a black cat crossed someone's path or a meteor is seen in the sky over the Bay Area.

[–] Formerlyfarman@hexbear.net 10 points 8 months ago (1 children)

It's always those "Comet sighted" events.

[–] Florn@hexbear.net 8 points 8 months ago

I wish I lived in more enlightened times.