I heard that there would be a new Great Depression.
I’ve also heard a lot of different theories, and one of them interested me: after the bursting of the bubble, AI will not disappear anywhere, is it in vain that so many data centers were built? AI will be embedded everywhere, people won’t even be able to test how it works, “it works somehow, great!” because all human workers will be fired, not at once, of course, but gradually, In a few years, about 2-7 years to be exact(depending on the industry). And because of this, AI systems will begin to get out of control, this will cause incorrect diagnoses, failures in the banking system, arresting or killing innocent people by drones, and so on.
The reason I’ve explained this so poorly is because, in the first place, the topic of AI and the debate around it is terribly infuriating to me, and it’s obvious that the harm from AI won’t be able to compensate for the little benefit it will bring. Secondly, I use a translator, so my text may seem crooked, unnatural, or silly.
People mention the AI bubble popping because the rest of the American economy is already shit. The housing market is already seeing prices drop from Covid highs. Most major brands are going up-market because the typical consumer market is tapped out. Almost all non-AI tech is on the right side of the S curve, limiting growth.
The only thing good about the market right now is a bubble that keeps blowing up.