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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When will AI bubble pop? (lemmy.ml)

submitted 2 weeks ago by foremanguy92_@lemmy.ml to c/fuck_ai@lemmy.world

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Since some times now the AI bubble is growing and its consequences with it, flash storage price increase, electricity went wild in some places, GPU... Don't need to say anything sadly... NVIDIA became the most valuable company exceeding 4T

So when all of this will go crazy and grow to the burst? When does prices will go down and speculators rushing out of it?

Open question feel free to explain the wider you can, I'm not a financial so I'm really interested in some analysis of the situation :)

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[–] DrBob@lemmy.ca 11 points 2 weeks ago

I remember flying into Las Vegas when the real estate bubble popped in 2009. You could see scraped land 30 minutes out, then pavement and services going in, then partial frames and then closed envelopes. All abandoned.

Stupid money flowed in until the very last minute. The stupidest money kept going in thinking they'd buy the dip and catch that falling knife.

People will add money even after it pops. I think it was Buffet who said that the only way to really make money is to sell too soon.