• @[email protected]
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    653 days ago

    Is the AI bubble collapsing yet?

    Because it’s high time - before the US commits billions to this nonsense for nothing.

      • @[email protected]
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        263 days ago

        Not public money.

        I don’t give a shit if big tech monopolies lose their shirt on AI. But Trump wants to spend insane amounts of taxpayer’s money on this shit. So if it should proves less expensive than it needs to be, now is the right time.

        • @[email protected]
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          53 days ago

          Billions have already been spent on building chip fabs which will never be profitable.

          Yes, China is doing the US taxpayer a solid by giving them an opportunity to prevent losing money on AI, but I think this administration is going to find a way to send those billions to silicon valley anyway.

        • @[email protected]
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          23 days ago

          Fair point, though in our world of graying public/private distinction it’s important to note that those companies spending hundreds of billions will want a return on their investment, whether that’s voluntary or forcing the government to buy their shit at exorbitant prices.

    • @AbouBenAdhem
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      3 days ago

      Probably more of an AI-infrastructure-bubble collapse.

      To use the old Gold Rush analogy—it’s like investors assumed the real money would be in selling pickaxes, but the miners just discovered they don’t actually need them.