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.

founded 2 years ago

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AI Bubble Alert: ECB Joins Bank of England in Flagging Crash Risk (fintelegram.com)

submitted 2 weeks ago by HaraldvonBlauzahn@feddit.org to c/fuck_ai@lemmy.world

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Major central banks are now openly warning that the AI hype is inflating a dangerous equity bubble. After the Bank of England’s alarm over “stretched” valuations and the risk of a sharp correction, the European Central Bank (ECB) is also warning that AI-driven stock prices could fall abruptly, with systemic consequences for global markets.

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[–] OldQWERTYbastard@lemmy.world 5 points 2 weeks ago

Nvidia's market cap is currently 15% of the total GDP of the United States of America. That's absolutely insane and scary as hell.

That bubble burst is coming. Buckle up, y'all!