A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
I wonder what will happen when the bubble bursts. I think there is a lot of people hoping this will mean that the fever dream ends and “AI” goes away. But how likely is that?
People hoping that are likely ignorant of what AI actually is. It’s incredibly unlikely that AI “ends”, at least not if/until things get really bad on a societal level to the point where our species loses its ability to produce and use technology altogether.
I’m not sure that this line’s up the same way that the tech bubble did back in the day. Right now, they’re firing people by the metric ass tons because AI can make existing people more agile at their jobs.
The collapse of AI might be more like the collapse of the horseless carriage. Do people come back and fill in for all the chatbots now?