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This could be the start of the bubble pop.
(lemmy.nz)
Per Ed Zitron, CoreWeave may be the canary in the ai bubble coal mine.
The dotcom bubble destroyed a lot of retirement accounts people had no ability to choose the companies invested in as they were often generic, broad, investment portfolios. It also killed a lot of lower end white collar jobs, and damaged a lot of local government investments, leading to steep declines in those services. There are numerous other ways non-tech people were affected, but I don't feel like writing a bunch.
I am interested to know how old you were when that dotcom bubble popped, though.