Oh, that's where he's wrong. I think a great many of us will enjoy it.
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It will be dirty pleasure fo sho
Well now you know why Warren Buffet cashed out. He's going to buy all the tech companies on a fire sale.
promises promises.
Translation: we juiced the bubble so good trying to make a trillion dollars that when it pops, the world economy is coming down with it.
More like we juiced the bubble so good trying to make a trillion dollars that you (world governments) better not let it pop.
Any company not using AI for anything will be pretty unaffected when this bubble pops.
Even if they don’t use AI, they probably trade with a company that does.
Good luck finding that in any large or even mid-size company. If you think you found one, good chance you probably just found one with a lot of Shadow IT and poor visibility.
except their employee benefits package is guaranteed to touch companies impacted by it.
So, they want us all to suffer for their bad decisions? Well that just puts us all on the same playing field (except for the 1%) and at which point, we will revolt and take them (1%) down with us.
If an AI bubble pops, no one is getting out clean.
He means the taxpayers.
Privatize the profits, socialize the losses
“We should privatise service X so it’s more efficient” X collapses “We can’t afford to let X fail despite the fact that it ran at massive profits all the way to it’s collapse so we’ll bail it out” THEN WHAT WAS THE POINT OF PRIVATISING IT IN THE FIRST PLACE?!
You can take on the burden of running the thing and therefore the cost of making it public, or you can allow it to be private with the caveat that they must pay a substantial (enough for the government to not be at a net loss) tax as a kind of insurance in the event a bailout is needed, but don’t take on the worst of both worlds where the profits are private and the losses are public.
Let the taxpayers prop up failing companies. Corpo welfare is the good kind of welfare even though most of the money gets sucked up by the Executives and share buy backs.
At least China is right about not bailing out their companies when their own property bubble collapsed.
Due to the sheer number of articles surrounding the AI bubble popping; I'm coming to the conclusion that this has already started.
you're kidding right?
those billionaites that gambled the US economy on an executive borwnosing machine will get a bailout paid by those who lost healthcare and can't afford food. 2008 all over again.
It makes more sense if you read it as a threat.
We should improve society somewhat.
that sounds like antiameticamism and therefore legally making you a terrorist
The utter lack of self-awareness…
I've taken shits with more value to the human race than Sundar Prichai
“I’m gonna take you all down with me!”
Then I’ll ask for a sweet socialist bailout while the rest of you enjoy rugged capitalism.
Make no mistake. Just like the housing bubble of 2007 and 2008 there are people poised and ready to make tons of money off of the deflation of the AI bubble.
Jacked to the tits....

Don't worry, I'm sure there will be a huge government bailout that the people have no say in. Remember 2008? I don't remember voting to give away piles of money to the bankers.
You know what Iceland did when there was suspicious investing and they had bank failures? They put the bankers in jail! What did we do? We gave them a bonus!
God bless America, because we'll need it!
This is a threat. They know that they're using the stock market to fund their greed and that anyone with savings tied up there (Retirement funds that are invested in the market) will be on the hook. Plus the tax payer money they're going to ask for because they're "too big to fail".
Too big to fail is too big to exist. Break them up.
You speak the truth. These idiots sank trillions into a technology that people are very meh about. If it all comes crumbling down, they really, really have nobody to blame but their own greed.
They forced massive shifts across the economy and wasted massive resources chasing a speculative technology all for power. We all suffer because of this and the government refuses to deal with it because we elect business friendly, ambitious liars.
Too big to not let fail.
That was lesson.
I'm sure we managed to avoid learning it.
We all learned the lesson but the people who could implement the lesson refuse to because it isn't to their personal advantage. We all know what the wise thing to do is but that would disempower some very rich and influential people who should never have been allowed to grow to be so influential over the state, aka us, that we can't stop them from forcing us to pay for their speculative risk taking.
I'm waiting with money to buy Google for 1 dollar.
Quiet quitting is our best bet. If they don't give you decent health care and a retirement plan then we're just doing the minimum. Why would we work harder for less in return? Maybe we can just all start our own AI business. Every American can have their very own AI automated business with passive income.
If they don’t give you decent health care and a retirement plan then we’re just doing the minimum. Why would we work harder for less in return?
Don't even do the minimum. Will McDonald's give give you half a of a cheeseburger if you only pay half? Will a bank only seize half your house if you start paying half your mortgage payment? Why would we give them half-effort for a penny less than what we're worth?
It's painful and slow but more and more people are learning to live without working. Not an easy life but it's probably going to be necessary at some point if this system is ever going to change.
Let me fix that for you: "When an AI bubble pops..."
"if all you plebs don't do everything in your power to keep pushing this this bubble higher, I'm going to make sure you all feel the pain."
The sooner the better. Less LLM infatuation means better customer service, less overall environmental impact, and more water available to cities.
Big tech has never seen common people as anything but data. It's funny they now are concerned for what will happen to us if their bubble bursts
Was that a threat?
And I hope he wasn’t threatening everyone who participates in the global economy.
What part of that article read like a threat to you lol
The sooner the better. Can't wait!
Kaboom! 💣 💥