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Well this poor bastard (me) will be waiting for the RAM, SSDs, and hard drives to come back down in price.

Yes, but they’ll socialize the losses.

Oh no, I was a billionaire now I'm slumming it with 700 million....

More common: I am 65 years old and my retirement just imploded.

That's not gonna happen though. The rich will stay richer and the common pleb will be the ones carrying the weight of their failure.

If only this only impacted them.

The flow on effects of a major market crash are never isolated to just the stupid assholes building the bubble.

I'd agree, except it'll ripple out to innocent regular people as well, just like the 2008 Great Recession, if not worse.

When regular people lose a lot of money, the richest get richer or are largely unaffected.

When the super rich lose enough money to actually hurt them, their interconnectedness with and control of everything that regular people need to survive means that millions if not billions of people will suffer immensely, up to and including dying because of it.

Agreed, but maybe we can hope it won't be crammed down our throats quite so hard as investors stop demanding such big returns?

A girl can dream, anyway...

Of course not. Tech bro's don't understand consent.

Yeah it won't go away but my job will mostly go back to normal. Right now they force us to use AI for everything even the stuff it sucks at. Even if I can do a better job manually they force me to use it. It's insane.

I want to use it to help me with the stuff I suck at and let me do the stuff I am good at. I can't wait for that to start. That's how I have used it in my personal life and it's been actually helpful. Not life changing though just helpful

It will collapse on its own overinflated expectations anyway. Its not the clean easy replacement for humans that CEOs are pretending it is.

We always want the billionaires to get fucked because they caused this. But they'll game the system when it fails, too. You can't rely on collapse alone to bring a better world.

I mean... both are inevitable... the economy has collapsed for the normal people, and employments been hitting everyone for over a year, and bottom line, either way AI goes... it's a lot of jobs. IE it fails and shrinks down... all the jobs around it are in trouble, it actually succeeds it's going to take as many jobs as possible, there's no job friendly ending to this.

I'm too burnt out to care about the economy or component prices anymore.

I just want the morons who got hooked on this shit and ruined their brains into mush using it to reap what they have sowed and face the music when their brain substitute costs more than they could ever afford.

They thougt they could game the system by saturating everything with metric cartloads of useless slop, the bastards, while those of us with still functioning brains waddled through it and attempted to fix it!? Well, fuck them, now they won't be able to afford their crutch and their brain will be too far rotten to ever come back!

We'll still have to clean their damn mess, of course, and the world will be much worse than before they and their suppliers ruined it, but at least there might finally be a light at the end of the tunnel.

I don't think so. I sometimes think of covid and how when actual calamity hits we suddenly realize money is a kind of fiction. If the economy goes totally to shit we will see no mass starvation and probably not even mass homelessness or else we would have to admit what a giant failure capitalism is.

Just like covid, at the end of the day when shit hits the fan we retreat back to that archaic and ancient system known as "socialism".

Also there is more than 1 bubble that's pretty much fully inflated right now: for example, Realestate.

Further, household debt has never been this high and is well beyond 2007.

Then on top if this there's the record government debts in some countries (most notably, the US) and the weakening of trust in the USD thanks to a certain Mr D. Trump which might result in it losing its Reserve Currency status much faster, an event which would be massive, especially for the US Economy (it could very well trigger Hyperinflation).

When the AI bubble blows it will at the very least cause other bubbles to blow.

IMHO, this shit is going to be something of a level of the 2000 crash AND the 2008 Crash put together, possibly worse (especially in the US).

Let's see how many governments will end up with a D rating. The USA are probably a given but this might set a lot of major companies on fire so who knows who else will run out of money.

Of course China is laughing all the way to the bank. Their economy isn't super healthy right now but they aren't reliant on semiconductor companies that chained themselves to the AI racket. So they might weather the crash mostly unharmed and we'll all end up buying Loongson in the future because all of the x64 and ARM companies have folded.

It will be like the dot com bubble in many ways. Back in the late 1990’s every other TV commercial was for Pets.com, Ask Jeeves regularly had a balloon in the Macys Thanksgiving parade, and Lycos was pushing to be the home page for everybody. They never recovered after the bubble burst, and companies like Google quickly took over.

In a similar vein I think a lot of the AI big hitters will vanish once this bubble bursts, leaving one or two lucky/cautious ones still around to scavenge the pieces. But I don’t think companies will be so hung ho about using AI for everything once that happens.

I could see generalist LLMs IE ChatGPT disappearing if only because they seem pretty fucken useless on average.

It should, no money to pay for the people building them does tend to make them not get built