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"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?" (pluralistic.net)
submitted 1 year ago by to c/fuck_ai@lemmy.world
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CWs: Cory Doctorow, newsletter, mentions of his upcoming book that he's selling.

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[–] 2 points 1 year ago (7 children)

I don't know the exact numbers but I doubt these 7 companies employ enough people to cause a recession even if they fired everyone. Hell, they are laying of a lot of their employees already.

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  • [–] 24 points 1 year ago (2 children)

    The economy is weird man, it's all about collective vibes. If enough people in the right places care about these companies, they'll see small changes and freak out, making their own small changes and so on and so forth.

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  • [–] 4 points 1 year ago (1 child)

    Vibes is a pretty loose way of putting it. It’s about information and lack thereof. Like a poker game or a real time strategy game. You might have some idea what your opponents are doing but you don’t know exactly what it is, and you don’t know if it’s actually going to work or not. You also have plenty of cash (minerals, vespene gas) to spend on a possible defence that may not work out.

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