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AI boom risks global financial crash, warn central bankers

telegraph.co.uk

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Re: AI boom risks global financial crash, warn central bankers

#3

Post by forgetfreeman »

Pretty much. Given the levels of investment in capital and research if AI companies actually hit what they're aiming at they'd have to collapse the labor market to recoup, bricking the economy in the process. Given the levels of outside investment inflating valuations, if the bubble pops it's 2008 all over again. There's this incredibly narrow window of "just useful enough to extract rents" where everything doesn't go to shit.

Re: AI boom risks global financial crash, warn central bankers

#7

Post by adamtaylor_13 »

byzantinegene wrote: post #5
mountainriver wrote: post #4

Meanwhile AI has gotten so good it can just about one shot a SaaS app. I’m not worried about it…

that is not production ready

Eh, that's not been my company's experience. Error reports are down. Performance is up clients are happy.

Pretty soon we're going to have to reckon with the fact that AI writes better code than us.

Re: AI boom risks global financial crash, warn central bankers

#9

Post by ozgrakkurt »

AmazingEveryDay wrote: post #2

Is there any comprehensive list of historical warnings from central bankers?

I just checked 2007 and 1999 reports [1] a a bit and doesn't seem like they made such obvious warnings at those times.

I don't know much about economy and I just did some ctrl + f skimming, but this new 2026 warning is obviously more clear to me.

[1] https://www.bis.org/annualeconomicreports/index.htm?annualec...

Re: AI boom risks global financial crash, warn central bankers

#10

Post by byzantinegene »

adamtaylor_13 wrote: post #7
byzantinegene wrote: post #5

Earlier quoted context omitted.

that is not production ready

Eh, that's not been my company's experience. Error reports are down. Performance is up clients are happy. Pretty soon we're going to have to reckon with the fact that AI writes better code than us.

so your company runs on a vibe-coded saas app, that sure is a confidence booster for your would-be customers.
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