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Is the A.I. Boom Turning Into an A.I. Bubble?

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Re: Is the A.I. Boom Turning Into an A.I. Bubble?

#42

Post by card_zero »

it_citizen wrote: post #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 prepa…

Inessential Affluence?

Re: Is the A.I. Boom Turning Into an A.I. Bubble?

#44

Post by reactordev »

crystal_revenge wrote: post #36
it_citizen wrote: post #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 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…

All it takes is a couple hours of consumer sell-off to trigger a complete collapse.

Re: Is the A.I. Boom Turning Into an A.I. Bubble?

#45

Post by NitpickLawyer »

mumbisChungo wrote: post #6

No 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.

Yeah, this is what all the bubbleists miss. We got FAANG++ out of the last bubble, and they literally rule the world with the tech that was promised during said bubble. Catsdotcom and dogsdotcom failing had 0 impact on the tech itself.

It's the same today. A lot of the hyperVCfunded startups will fail, without a doubt. But the tech giants will get their money from this tech, and it will be ubiquitous in ways we can't even imagine now.

Re: Is the A.I. Boom Turning Into an A.I. Bubble?

#46

Post by rindalir »

crystal_revenge wrote: post #36
it_citizen wrote: post #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 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…

I think this expresses how many of us feel very eloquently.

Re: Is the A.I. Boom Turning Into an A.I. Bubble?

#47

Post by tcmart14 »

it_citizen wrote: post #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 prepa…

As others have said, we did see effects, but a quick recovery of many of these events or the full scale of damage still isn't known and quantified. We definitely are in a bubble, but like you suggest, diversify. Don't stop investing, just be smart. Market can remain irrational longer than you can remain solvent. Time in the market also beats timing the market. And lastly, it sorta isn't surprising that things quickly recover. Tons of people's retirement accounts are injecting money into the stock market regardless of what is going on. We will likely never see long term significant drops just due to the fact that we've devised a system of a non-stop garuntee stream of money into it.

Re: Is the A.I. Boom Turning Into an A.I. Bubble?

#48

Post by kristianc »

it_citizen wrote: post #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 prepa…

The New Yorker also has a vested interest in making people freak out about AI. If anyone with a prompt can churn out something that passes as a New Yorker essay, the monopoly on tone, cadence, and authority starts to crumble.

Re: Is the A.I. Boom Turning Into an A.I. Bubble?

#49

Post by IAmGraydon »

it_citizen wrote: post #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 prepa…

Kind of a weird post given that the pandemic did tank the stock market (-35%), interest rates and the war in Ukraine did tank the stock market (-28%), and the tariff announcement did tank the stock market (-21% and we have yet to see the full fallout).
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