this post was submitted on 24 Oct 2025
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Fuck AI
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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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The seems maybe very much like the .com boom and bust. Right?
.com boom and bust wasn't established companies, it was tons of startups over flushed with cash who had no viable business models and the cash dried up.
this is far worse. the only light is that these massive data centers might make computing super cheap when the data is sold at rock bottom prices.
plenty of household names went down during dotcom, you don't remember any of them because they went out of business, some of the ones that survived are only just now recovering to their dotcom-highs...
cough
IBM
cough
they've been a negative/stagnant growth company for over a decade...so consider what's about to happen to their price again.
Except a thousand times worse when it pops. Not sure the stock market has ever been so heavily weighted to 7 companies and I've never known a single factor to account for so large a chunk of our GDP.
I think it may have been even larger but not by much.
The difference is the dot com bubble ended up with huge amounts of fibre infrastructure installed which was ultimately used (many years later).
This bubble will end up with huge data centres with obsolete GPUs which have massive water and power consumption burdens.
Funny enough, my first IT job was temp work doing Y2K updates at Williams Companies. They were Tulsa's largest employer and were laying new fiber and lighting dark fiber. Never tied their sudden demise to to dotcom crash.
Still, I'd argue the AI bubble is a monster. 7 companies (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla) are holding up the stock market, all deeply into AI. Nvidia straight crashes on this bubble and we all know Telsa is monstrously overvalued.
We Haven’t Seen This Level of Market Concentration Since the Great Depression
Yikes!