Major AI stocks are getting obliterated lately, signaling what may be the beginning of the end for the tech euphoria.

cross-posted from: https://lemmy.ca/post/73158617

Burn baby burn!!!

“Many in the market feel we have no choice but for it to work out,”

Yes this is what it everyone feels like when they are in denial…

  • nosuchanon@lemmy.world
    321·
    2 days ago

    The 2098 2008 crash was caused by the rate of mortgage growth beginning to slow. It was a confidence issue in MBS, similar to the AI bubble now. People are starting to lose confidence in their investments and wondering if it is still a good idea to buildout massive data centers.

    • CharlesDarwin@lemmy.worldEnglish
      2·
      18 hours ago

      It was wild seeing the panic after DeepSeek. I have no idea what is propping it up after that.

      I think they hope to keep it going based on vibes and keeping hardware so expensive (for others) that companies don’t opt to build their own local rigs to run a model that is probably “good enough” for a lot of tasks.

      AI is not going anywhere, but the speculative fictions around all this are going to look wild in the aftermath, IMHO. Like tulip-bulb mania stupid. The notion that everyone needs “frontier models” all the time for all tasks and is going to pay enough in fees to do it just seems crazy to me.

      • nosuchanon@lemmy.world
        1·
        10 hours ago

        I think they hope to keep it going based on vibes and keeping hardware so expensive (for others) that companies don’t opt to build their own local rigs to run a model that is probably “good enough” for a lot of tasks.

        That didn’t occur to me. Makes sense tho. I sort of was wondering why companies hadn’t figured it out yet. Investment into running on your own hardware needs to be super expensive so they can sell you their AI service.

    • Speltrong@feddit.org
      21·
      2 days ago

      The 2098 crash was caused by the rate of mortgage growth beginning to slow. It was a confidence issue in MBS, similar to the AI bubble now>

      I read that typo like a satire historical comment

        • mad_lentil@lemmy.caEnglish
          2·
          2 days ago

          Lol like we’re going to have computers then. I’ll be happy if we get to keep indoor plumbing

        • Speltrong@feddit.org
          2·
          2 days ago

          Lol that’s why I quoted the original seconds after it was made. I’m no stranger to typos and spelling errors and the mocking that follows