Fuck AI

7496 readers

237 users here now

"We did it, Patrick! We made a technological breakthrough!"

A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

founded 2 years ago

MODERATORS

VerbFlow@lemmy.world

MrMcGasion@lemmy.world

TootSweet@lemmy.world

BigMikeInAustin@lemmy.world

cynar@lemmy.world

drmeanfeel@lemmy.world

pavnilschanda@lemmy.world

CriticalMedicine@lemmy.world

WonderfulWanderer@lemmy.world

Communist@lemmy.ml

eatCasserole@lemmy.world

SpaceNoodle@lemmy.world

NutWrench@lemmy.world

Soup@lemmy.cafe

iAvicenna@lemmy.world

Tinks@lemmy.world

wizblizz@lemmy.world

corus_kt@lemmy.world

Prandom_returns@lemm.ee

TrickDacy@lemmy.world

TheFriar@lemm.ee

HawlSera@lemm.ee

andrew_bidlaw@sh.itjust.works

MeDuViNoX@sh.itjust.works

33550336@lemmy.world

Nougat@fedia.io

Lost_My_Mind@lemmy.world

Quill7513@slrpnk.net

glowing_hans@sopuli.xyz

e8d79@discuss.tchncs.de

ThefuzzyFurryComrade@pawb.social

193

I won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me (fortune.com)

submitted 2 days ago by technocrit@lemmy.dbzer0.com to c/fuck_ai@lemmy.world

8 comments fedilink hide all child comments

I won the Pulitzer Prize for History for Lords of Finance, my account of how four central bankers’ decisions triggered the Great Depression. I have just completed 1873, a book on America’s railroad boom of the 1870s — the last time private capital flooded into a transformative new infrastructure technology at a scale comparable to 2%–3% of GDP. That research is why, when I look at the AI buildout today, I am genuinely frightened.

you are viewing a single comment's thread
view the rest of the comments

[–] Aceticon@lemmy.dbzer0.com 12 points 1 day ago* (last edited 1 day ago)

I was in Tech for the .Net Crash and in Finance (in Lehman Brothers, no less, so front row) for the 2008 Crash.

To me what's going on now stinks of both, because there's not just one bubble but several, the biggest of which being the Tech Bubble around AI and the Realestate bubble responsible for the several fold higher house prices (in terms of house price to income ratio) than then historical average.

I expect that when one blows it will most likely unballance the broader Economy enough to cause the rest to blow.