I think a Wharton Professor Ethan Mollick said it nicely: Whats the capex on creating GOD?
Yet, it's not GOD it's a parrot.
Is the A.I. Boom Turning Into an A.I. Bubble?
31–40 of 117 posts
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#329 of the past 5 market crashes have been successfully predicted
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#33I think a Wharton Professor Ethan Mollick said it nicely: Whats the capex on creating GOD?
What a facile thing to say. Embarrassing, too
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#34I remember reading this two years ago. And one year ago, too.
The market can remain irrational longer than you can remain solvent
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#35To analyze whether AI is a bubble you need to analyze its value (like value investing).
I find this article hollow because nowhere does it analyze the value or potential of AI.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#36> 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…
Yea, after the pandemic I've stopped making any predictions about the stock market and bubbles.
It's clear we're living in an illusion, but I'm pretty sure there are enough people invested in that illusion that it won't stop until it is no longer physically possible to maintain. I'm increasing convinced that when whatever dream we're living in ends, it will end catastrophically, but I'm not even certain I'll live to see that happen.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#37Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#38> 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…
https://archive.is/bxEtW
All those events don't tank the stock market because they were based primarily on fear.
What will tank it are lies based on greed.
> Dot-com: overvalued companies with no revenue
> Mortgage: banks lying/lending about credit scores
> Covid: continuing online & EV trend, meme stocks, SPACs
> AI: continuing scaling laws, high ROI?
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#39> 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.
Therefore the dips were an aberration - they should not have happened. Recovery is a sign that the previous dip was an incorrect prediction by the market.
Re: Is the A.I. Boom Turning Into an A.I. Bubble?
#40Earlier quoted context omitted.
Yeah, the way I describe it is: rich people are rich and the money has to be put somewhere .
And rich people aren't getting richer through smarter investments, but by wealth accumulation on existing assets that people need.
Being able to hold on to wealth is an underestimated and undervalued ability.
It's actually pretty easy to lose money. Everybody is happy to help you part with yours.