"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Sundray@lemmus.org · 2 days ago

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Gerudo@lemmy.zip · 2 days ago

At the best, it would drag the entire economy down with them causing not just a recession, but more than likely full on depression. It wouldn’t just be the US either, worldwide market crashes.

Worst case? The worldwide depression makes those companies go bankrupt. Due to the market collapse, no other company is able to step in and prop them up. MAYBE governments bail them out, but then we end up with major tech not just influenced by government, but owned and run by them (see TikTok currently).

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Pluralistic: The real (economic) AI apocalypse is nigh (27 Sep 2025) – Pluralistic: Daily links from Cory Doctorow