n7gifmdn@lemmy.ca to Technology@lemmy.worldEnglish · 23 hours agoEveryday AI looks more like the '08 housing bubblelemmy.caimagemessage-square172fedilinkarrow-up1933arrow-down119
arrow-up1914arrow-down1imageEveryday AI looks more like the '08 housing bubblelemmy.can7gifmdn@lemmy.ca to Technology@lemmy.worldEnglish · 23 hours agomessage-square172fedilink
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·5 hours agoBut if AI pops then that doesn’t mean that people will stop buying things. Very few people are employed by the AI industry. Most people’s income won’t change. Most people’s consumption won’t change.
minus-squareboonhet@sopuli.xyzlinkfedilinkEnglisharrow-up1·37 minutes agoPoor people don’t have money to spend on much else than food and housing. Anyone with money is going to have stocks in these companies. Also the AI industry is Microsoft, Meta, Google, Nvidia, AMD and a few others. They employ quite a few people.
But if AI pops then that doesn’t mean that people will stop buying things.
Very few people are employed by the AI industry. Most people’s income won’t change. Most people’s consumption won’t change.
Poor people don’t have money to spend on much else than food and housing. Anyone with money is going to have stocks in these companies.
Also the AI industry is Microsoft, Meta, Google, Nvidia, AMD and a few others. They employ quite a few people.