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.
  • pntha@lemmy.worldEnglish
    12·
    17 days ago

    It’s bizarre to think how much this ‘AI revolution’ holds similarities to the introduction of the internet: the market bubble, the over-saturation of adoption by companies without any actual strategy for system integration, the whole general over-hype. I remember in high school and uni discussing with my parents how I couldn’t fathom studying computer science without the internet; I’m sure the kids in the future will be saying the same about AI.

  • Golfnbrew@lemmy.worldBEnglish
    131·
    17 days ago

    Crypto seems similar…a very large bubble, placing value on something that has no actual intrinsic value nor substance.

  • Lugh@futurology.todayMEnglish
    9·
    17 days ago

    The US is also heading for a debt crisis. I wonder when the stock market crash comes, will Trump’s attempts to ‘fix’ it be what finally ends the dollar’s day as world reserve currency?

  • AmazingAwesomator@lemmy.worldEnglish
    4·
    17 days ago

    well yeah, it currently cant do anything and we are supposed to make sure we never trust it with anything…

    … worth trillions…