There are fresh signs that the AI boom is wobbling. Again. In recent weeks, a much-vaunted AI focused hedge fund run by Valley wunderkind Leopold Aschenbrenner lost $35 billion dollars. South Korea saw its largest-ever stock market collapse as investors pulled bets on AI chips. Due to a fresh series of moratoria and political opposition, the future of the massive data center buildout has never looked more uncertain. The US markets have dipped and boomed, dipped and boomed.

  • brucethemoose@lemmy.world
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    11 days ago

    No.

    No way it corrects before Anthropic/OpenAI IPO. Doesn’t matter what financial physics dictate, the forces at play will not allow it until the bag is handed off.

  • huquad@lemmy.ml
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    11 days ago

    Sadly markets can remain irrational longer than you can remain solvent. Just look at Tesla

  • Buffalox@lemmy.worldOP
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    11 days ago

    Chances are you’ve already seen Ed Zitron commenting on the AI bubble.
    I’ve seen dozens, but despite that, this had new angles I had not seen before, and it’s absolutely fascinating to see this play out in real time IMO.

    If you combine the content of this video with the other one I just put up by Asian Dad Energy, it should be clear you’d have to be a very daring investor to get anywhere near anything AI.

  • switcheroo@lemmy.world
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    11 days ago

    When AI starts to deplete our drinking water— the shit our entire race needs to survive— I HOPE it’s on its way out. Because that’s what’s happening. Fuck.