328

AI investment has helped keep markets and economic growth ticking along, but the IMF fears the boom could quickly turn to bust if the promised profits fail to materialize. With tech giants borrowing billions and investors piling into the same handful of companies, a selloff could leave more than just Silicon Valley nursing a hangover.

top 50 comments
sorted by: hot top new old
[-] fodor@lemmy.zip 6 points 4 hours ago

The same shit every decade. The bubble should crush the economy. We all know that the economy means "rich people's yachts". To hell with their yachts.

Don't screw over the average person by giving the ultra rich more money for messing things up. That scam has been overplayed. We see through the bullshit.

[-] NocturnalMorning@lemmy.world 6 points 4 hours ago

I am using chatgpt without paying them. I'm doing my part to waste their resources! When AI finally stops being shoved down my throat, it'll be a good day.

[-] Ilixtze@lemmy.ml 10 points 21 hours ago

Burn it all down!

[-] Xerxos@lemmy.ml 36 points 1 day ago

The whole AI bubble is just one big bet: "AGI is around the corner and will replace all white collar jobs"

Now, LLMs get slowly better but aren't AGI and it's unclear if our current approach is even capable of reaching AGI.

Sadly the US went 'all-in' on the bet and everyone except the ultra rich will feel the pain.

[-] GardenGeek@europe.pub 21 points 1 day ago

The lack of progress is one thing.

The value for money is another: AI companies are still burning through vast sums of capital, while users are indeed using the products more and more... but still nowhere near at a price that would even cover the companies’ costs, let alone be profitable. If each token costs a few dollars, demand is likely to shrink significantly again... because as long as the systems operate stochastically and, logically, produce erroneous results, it may take a very large number of tokens to obtain a result that’s actually usable (this is especially true when using AI to replace workers whose tasks and skills you actually have no clue about).

[-] Randelung@lemmy.world 10 points 1 day ago

So even if the bet materializes, we lose. If it doesn't, we also lose because the economy implodes. Fun times.

[-] TBi@lemmy.world 7 points 1 day ago

Best thing about this whole AI bubble is that the mask is off and everyone can see. The rich will dump us in a instant.

[-] Obviouslywrong@lemmy.world 6 points 1 day ago

AGI will never happen with LLMs, but if you think in terms of a human brain out can be effective language and output and image recognition module. But there's no there there. Something else entirely is needed for true thought and sentience. But llm ai is already sufficient to translate machine thought into language sentences. You just need the spark of life that can actually think for itself.

[-] puz@piefed.social 5 points 23 hours ago

You just need the spark of life that can actually think for itself.

I know it's probably not intentional but you make it sound as if "just putting a spark of life" into the machine is easy

[-] Obviouslywrong@lemmy.world 2 points 8 hours ago

No, the spark of life implies something magical or unknown that you can't make. Like a human can never make a spark on their own, you need something from the outside to make it or happen.

[-] puz@piefed.social 1 points 4 hours ago

like god? \s

[-] horsesaysweird@feddit.org 3 points 23 hours ago

It may be easy. The issue is that nobody knows what that even means.

[-] thedeadwalking4242@lemmy.world 16 points 1 day ago
[-] RememberTheApollo_@lemmy.world 4 points 20 hours ago

I hope AI dies with a wheeze and a babble of nonsensical output that leaves the pseudoscientific and influencer crowd poring over it looking for meaning in it for decades.

[-] GreenKnight23@lemmy.world 3 points 21 hours ago

good

if an oppressive corrupt regime is purposely hampering social progress for billions of people, not only should it fail, it should fail globally on a scale that resets global economies by centuries.

load more comments (2 replies)
[-] BeMoreCareful@lemmy.world 4 points 23 hours ago
[-] nieminen@lemmy.world 5 points 1 day ago

The impossible mission force?! What are they doing making public statements?

[-] AdolfSchmitler@lemmy.world 2 points 21 hours ago

They've been comprised. Your mission, should you choose to accept it, is to infiltrate the IMF and remove compromised agents by any means necessary. If you are captured or killed the Secretary will disavow any knowledge of your actions. Good luck. This message will self-destruct in 5....

[-] puppinstuff@lemmy.ca 6 points 1 day ago* (last edited 1 day ago)

If they were at all serious about AGI there would be less focus on ever-improving the dead end of LLMs on that. They just want employers to think they can pay robots less than their workers, full stop.

[-] nonentity@sh.itjust.works 4 points 1 day ago

The new pseudoscience taking out the incumbent pseudoscience is the net zero we need.

[-] Bubbaonthebeach@lemmy.ca 18 points 1 day ago

Yeah the "business" tycoons do that every decade or so. Some busts are bigger than others. Not much any of us can do about it unless we tax the hell out of corps and wealthy so that they can't build enough self serving shit to then dump the economy once they've scraped as much money as they can in the current cycle.

load more comments (2 replies)
[-] log@lemmy.blahaj.zone 32 points 1 day ago

if the promised profits fail to materialize.

What profits? Nobody has money to spend and llm companies lose money on $200/mo subscriptions.

[-] boonhet@sopuli.xyz 2 points 20 hours ago

They lose money on those $200 a month subscriptions, but e.g Anthropic won't let you use the sub outside of Claude Code, so for anything that would use their API, $200 gets you less usage than one 5-hour session of that subscription.

Which doesn't stop them from losing a bunch of money to training though

[-] apfelwoiSchoppen@lemmy.world 118 points 2 days ago

If so, the technobros did this. The technobros should receive most of the consequences. There should be dire consequences but we all know who will receive most of that. The system is broken.

[-] Aceticon@lemmy.dbzer0.com 5 points 1 day ago

That's why the techbros made sure to buy the politicians.

This will be like 208-2012 but this time around it's the techbros businesses which will be deemed "Too big to fail" and get saved with public money and the central bank printing money to buy their bonds, whilst everybody else pays for it with Austerity.

[-] Jason2357@lemmy.ca 16 points 1 day ago

Sorry. The techbros will get bailouts. Its the pensioners that will starve.

load more comments (1 replies)

in a sane world. in this world, where the system is working as intended, tech bros will reap rewards at our expense. hopefully the working class response will be of a scale commensurate with the scale of the injustice.

load more comments (1 replies)
load more comments (5 replies)
[-] CalypsoGirl@lemmy.today 1 points 20 hours ago

Okay just wake me up when UBI starts.

[-] Aceticon@lemmy.dbzer0.com 4 points 1 day ago

No shit, Sherlock!

[-] spirinolas@lemmy.world 3 points 1 day ago* (last edited 1 day ago)

Don't worry, they'll use your taxes to make it profitable. Then, when AI can do your job by being trained by your data, they'll fire you and throw you to the curb and suddenly start talking about sustainability and the issue of overpopulation.

[-] Asafum@lemmy.world 60 points 2 days ago

"Greedy shitbag tech bros pushed it. Greedy shitbag investors threw every penny at it. So whoops, the whole world is held hostage. Sorry fuckos, you, John and Jane public, are going to pay to save the global economy. Greedy fucksticks aren't allowed to lose."

...can't wait.

[-] Tollana1234567@lemmy.today 7 points 1 day ago

thats rich coming from the IMF.

[-] shalafi@lemmy.world 22 points 1 day ago* (last edited 1 day ago)

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.

[-] Karjalan@lemmy.world 11 points 1 day ago

Propane and propane accessories?

[-] Techlos@lemmy.dbzer0.com 29 points 1 day ago

unexpectedly good churro sales?

[-] Anti_Iridium@lemmy.world 9 points 1 day ago

The Legend of the Whopperito™?

[-] altphoto@lemmy.today 7 points 1 day ago

I can't believe it's not salsa?

[-] melsaskca@lemmy.ca 2 points 1 day ago

So, if it takes the global economy away then you could still eat an apple but there would be no price tag attached. Money has always been a middle-man of questionable and ever-changing value.

[-] boonhet@sopuli.xyz 2 points 20 hours ago

It's not taking the global economy away in that sense.

It'll blow up the global economy in that a lot of people will be unemployed and everyone's retirement funds will crash (which is fair, because AI is what made them go up so fast in the first place). A few rich people will also lose a bunch of money, but the clever ones will actually profit off it.

[-] funkreddit@lemmy.zip 28 points 1 day ago

Burn it all down!!! Shits not sustainable nor stable for 90% of the world population!!! Burn it all down, tech dweebs!

[-] Cherry@piefed.social 7 points 1 day ago

It’s not just sustainability. Dicks who think they can rule the world need a reminder of thier mortality.

[-] BigPotato@lemmy.world 10 points 1 day ago

COVID took the global economy with it.

Losing AI would be like... I don't even know, insignificantly small compared to that.

If AI up and disappeared tomorrow when I clocked into work, it might actually make my job easier. I could be even more productive without having the slop floodgates open every day.

load more comments (1 replies)
[-] heartSagan5@lemmy.zip 5 points 1 day ago* (last edited 1 day ago)

DUH. The Great Depression of 1929, and it took the world economy, and it fomented into World War.

[-] trojanbark@lemmy.world 31 points 2 days ago* (last edited 2 days ago)

don't stop, i'm so close

[-] tfm@europe.pub 14 points 1 day ago
load more comments (1 replies)
[-] A_Random_Idiot@lemmy.world 12 points 1 day ago
[-] darthsundhaft@piefed.social 7 points 1 day ago

Then we riot.

load more comments
view more: next ›
this post was submitted on 21 Oct 2026
328 points (98.2% liked)

Fuck AI

8533 readers
1225 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