When the dotcom bubble burst
dfarq.homeip.net
The hunt for the next Microsoft created an era of excess that wasn't sustainable
    • Kairos@lemmy.todayEnglish
      2·
      50 minutes ago

      Ive been saying that it’s gonna cause another great depression and literally nobody is taking me seriously.

      • shaggyb@lemmy.worldEnglish
        1·
        37 minutes ago

        That might be a little bit excessive for just AI imo. But it won’t be pretty.

        • Kairos@lemmy.todayEnglish
          2·
          31 minutes ago

          The whole tech industry, which is basically the entire US economy at this point, is so horny for i"AI" that they’ve basically bet everything on it. And we have a casino joke economy to. Crashes in any major field bring down everything as idiot investors trade without an idea of what they’re doing. Or the only idea they know is most everyone is using this “AI” stuff too.