Fuck AI

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"We did it, Patrick! We made a technological breakthrough!"

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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272

AI bubble could burst and take global economy with it, IMF warns (www.theregister.com)

submitted 1 day ago by throws_lemy@reddthat.com to c/fuck_ai@lemmy.world

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AI investment has helped keep markets and economic growth ticking along, but the IMF fears the boom could quickly turn to bust if the promised profits fail to materialize. With tech giants borrowing billions and investors piling into the same handful of companies, a selloff could leave more than just Silicon Valley nursing a hangover.

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[–] Bubbaonthebeach@lemmy.ca 13 points 11 hours ago (1 children)

Yeah the "business" tycoons do that every decade or so. Some busts are bigger than others. Not much any of us can do about it unless we tax the hell out of corps and wealthy so that they can't build enough self serving shit to then dump the economy once they've scraped as much money as they can in the current cycle.

[–] spicehoarder@lemmy.zip 3 points 10 hours ago (1 children)

I'm convinced at this point the goal is to just not use money. Why do we have to be tied to this shitty fiat currency that isn't directly tied to physical worth?

[–] Randelung@lemmy.world 1 points 3 hours ago* (last edited 3 hours ago)

Yep, that's the point at which people will recommend gold (which I've never trusted, either) or real estate so you're not homeless when everything goes poof.