It's helping me find things, understand things and do things. I'm sure some of those startups will figure something out that makes sense. And eat the rest.
Is the A.I. Boom Turning Into an A.I. Bubble?
11–20 of 117 posts
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#12I think a Wharton Professor Ethan Mollick said it nicely: Whats the capex on creating GOD?
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#13> The global pandemic will tank the stock market
> War in Ukraine will tank the stock market
> High interest rates will tank the stock market
> Tariffs will tank the stock market
> IA will tank the stock market All those statements made sense to me at the time. And I have no doubt that one of these days, someone will make a correct prediction. But who the hell know what and when.
Diversify, be reasonable and be prepared for it to happen someday. But freaking out with any new prediction of doom is not the winning strategy.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#14> The global pandemic will tank the stock market > War in Ukraine will tank the stock market > High interest rates will tank the stock market > Tariffs will tank the stock market > IA will tank the stock market All those statements made sense to me at the time. And I have no doubt that one of these days, someone will make a correct prediction. But who the hell know what and when. Diversify, be reasonable and be prepa…
Ai is the stock market so there is that problem
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#15> The global pandemic will tank the stock market > War in Ukraine will tank the stock market > High interest rates will tank the stock market > Tariffs will tank the stock market > IA will tank the stock market All those statements made sense to me at the time. And I have no doubt that one of these days, someone will make a correct prediction. But who the hell know what and when. Diversify, be reasonable and be prepa…
Trump election will tank the stock market - Many nobel prize economists and experts .
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#16> The global pandemic will tank the stock market > War in Ukraine will tank the stock market > High interest rates will tank the stock market > Tariffs will tank the stock market > IA will tank the stock market All those statements made sense to me at the time. And I have no doubt that one of these days, someone will make a correct prediction. But who the hell know what and when. Diversify, be reasonable and be prepa…
Yeah, the way I describe it is: rich people are rich and the money has to be put somewhere.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#17No matter how right the AI crowd is, elements of it are/will be a bubble. No matter how right the bubble crowd is, the market becoming irrationally exuberant for a brief period of time does not invalidate the technology or the rapid change we'll see as a result of it.
For sure, the Dotcom crash didn’t mean the web was bad technology.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#18I get this sinking feeling that this "bubble" may never burst on its own, since the political environment now is different from the 2000s. Inequality is much higher post-COVID, with the ultra-wealthy sucking up the assets of the middle class. Those assets are going into the stock market for AI companies with the objective of eventually replacing people so they never need to pay the working or middle class ever again. Even if the AI doesn't perform quite at the level of normal employees, there's very little competition in the market anyway.
I'd be happy for someone to tell me I'm wrong. Otherwise it will take something dire to break this cycle.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#19> The global pandemic will tank the stock market > War in Ukraine will tank the stock market > High interest rates will tank the stock market > Tariffs will tank the stock market > IA will tank the stock market All those statements made sense to me at the time. And I have no doubt that one of these days, someone will make a correct prediction. But who the hell know what and when. Diversify, be reasonable and be prepa…
To be fair, there's a subtle but important difference to:
- we're going into the next Great Depression (a once in a lifetime occurrence)
- a small subset of stocks (that happens to make up a huge portion of the entire equity market in the US) has extreme PE and PEG ratios and will pop (which happens every few years)
I think your point largely stands for both cases, but it's important to delineate them.
If you're preparing for a Great Depression - you're likely only going to be right by coincidence. If you're preparing for a stock bubble to pop, at the very least, you've got better odds.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#20> The global pandemic will tank the stock market > War in Ukraine will tank the stock market > High interest rates will tank the stock market > Tariffs will tank the stock market > IA will tank the stock market All those statements made sense to me at the time. And I have no doubt that one of these days, someone will make a correct prediction. But who the hell know what and when. Diversify, be reasonable and be prepa…
All of these did tank the stock market, but it also recovered quickly.