Well, if you look at the famous graph of market bubbles, it's the institutional investors that get out first. At least these are ordinary people's money getting out first, through institutional investment.

My Australian super fund allows asset allocation by risk and exposure to different vehicles. I've dramatically reduced international stock and stocks on general.

I figure, if I'm wrong, the economy picks up and I'm better off from my business. If I'm right, I prevent severe loss of my retirement due to bubble bursting.

I've just bought a house, so if the bubble bursts, at least my interest rates will come down. If it doesn't burst and ai improves the world, we should all be better off provided we don't allow it to stay top heavy with the benefits.

Generally with technology improvement, some people end up much better off, but so does the world in general. So as much as I think ai os a bubble, I hope the technology continues to improve.

[–] ambitious_bones@lemmy.world 3 points 1 month ago

Australia’s largest pension fund is planning to reduce its allocation to global equities next year, amid signs that the artificial intelligence boom in the US stock market could be running out of steam.

John Normand, head of investment strategy at the A$400bn (US$264bn) AustralianSuper, told the Financial Times that not only did valuations of big US tech companies look high relative to history, but the leverage being used to fund AI investment was increasing “very rapidly”, as was the pace of fundraising through mergers, venture capital and public listings.