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'Exactly how the dot-com bubble burst': A market research firm says keep an eye on this AI warning sign
(www.businessinsider.com)
This is a most excellent place for technology news and articles.
If even the goddamn BusinessInsider comes to this conclusion, I wonder why they don’t also realize that all stock market transactions work this way today. None of this has the slightest connection to the real world anymore. Stock prices are determined purely by how many billionaires—or rather, their concentrated capital—are betting on which companies. And here’s the key: They always win, because even with the most absurd business ideas, they can drive up the price, which only crashes after the super-rich have sold their shares.
This makes it very easy to understand why the dumbest people in the world never lose money, as long as they’re rich enough.
Humanity is footing the bill for this, and it’s now becoming very clear just how high that bill is.