160
submitted 11 months ago by vane@lemmy.world to c/fuck_ai@lemmy.world

https://archive.ph/Hf2tr

The Bank of England has warned that a bubble in artificial intelligence (AI) stocks threatens to spark a major market correction, posing a “material” danger to Britain’s economy.

you are viewing a single comment's thread
view the rest of the comments
[-] FlashMobOfOne@lemmy.world 13 points 11 months ago* (last edited 11 months ago)

Obligatory Not Financial Advice, Just Describing My Own Plans

I'm actually planning around it.

I'm holding off on selling right now because we're mere weeks away from the Christmas shopping season, and it may be that the increased consumer demand is enough to stave off the bubble bursting in the short-term. (Plus, with the stock market exploding in value this year, dividends and capital gains in December will be significant, but the massive short-term gains also make me exceedingly wary.)

But come January 1st, I'm taking profit and shifting most of my investments to cash. I'll probably lose a little value in the short-term, but that's better than losing my whole portfolio when the seven companies propping up the US economy are no longer able to do so. And, if it is as bad as I expect, it'll mean having a lot of profits to reinvest at bargain basement prices post-crash.

[-] chuckleslord@lemmy.world 3 points 11 months ago

Ah yes! The bank run strategy. Guaranteed to help the economy along.

[-] sirboozebum@lemmy.world 3 points 11 months ago

Propping up an economic bubble isn't helping the economy either.

this post was submitted on 08 Oct 2025
160 points (99.4% liked)

Fuck AI

8217 readers
1081 users here now

"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.

founded 2 years ago
MODERATORS