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AI bubble could burst and take global economy with it, IMF warns
(www.theregister.com)
"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.
Rules:
Buffett Index: total stock valuation vs. GDP
1928: 130%
2007: 130%
2025: 220%
Now guess where most of that stock growth and GDP came from? I'll give ya three guesses, but you're only going to need one.
Propane and propane accessories?
unexpectedly good churro sales?
The Legend of the Whopperito™?
I can't believe it's not salsa?