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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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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[–] boonhet@sopuli.xyz 1 points 3 hours ago

It's not taking the global economy away in that sense.

It'll blow up the global economy in that a lot of people will be unemployed and everyone's retirement funds will crash (which is fair, because AI is what made them go up so fast in the first place). A few rich people will also lose a bunch of money, but the clever ones will actually profit off it.