Comment by sandworm101
19 hours ago
That would depend on whether you are a user/customer or an investor/owner in AI. At the moment, nearly everyone is on the investor/owner side. The entire western world has doubled down on AI becoming the most popular product since the invention of fire. If it turns out that fire 2.0 cannot be patented/copyrighted/licensed for insane profits, those dollars disappear.
The people who own these companies have more money than they, their families, and their extended families can spend for generations. None of them have to work a day in their life no matter what happens to these companies.
Same with a lot of their investors, who will be just fine without the "insane profits" they hope for.
I'm not worried about their welfare, and won't shed a tear if their companies collapse.
It isn't just those who own stock. If the AI bubble bursts violently it will impact literally everyone. Everyone who owns indexed stocks. Everyone who owns tech stocks. Everyone with a variable rate mortgage. Everyone with a job. The AI spend is now so much of the western economic system that every one of us has skin in the game. At least on the risk side.
It's mostly concentrated in US tbh
idk man 2008 didn't affect me much directly
> The entire western world has doubled down on AI becoming the most popular product since the invention of fire.
That's a bit of a one-sided view.
AI companies are now 49% of the S&P 500.
Massive bubble.
When every company calls themselves AI-first, what then is an 'AI Company.' In many regards, this hype-chasing branding exercise is currently no different than calling one's company a 'technology company'... Just as the term "AI" itself has (to a degree) become meaningless... and AGI will be soon to follow.
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> nearly everyone is on the investor/owner side
I think that "everyone" needs some kind of an asterisk. Who's "everyone" in this?