this post was submitted on 21 Oct 2024
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Baidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble bursts (www.tomshardware.com)
submitted 1 month ago by misk@sopuli.xyz to c/technology@lemmy.world
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[–] lennivelkant@discuss.tchncs.de 1 points 1 month ago (1 children)

Shouldn't, definitely. But for a while, it will keep running, because that's how a lot of speculative investment works.

[–] vritrahan@lemmy.zip 5 points 1 month ago (1 children)

I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.

[–] knightly@pawb.social 0 points 1 month ago

The argument could be made economically rather than ideologically.

Capitalism has a failure mode where too much capital gets concentrated into too few hands, depressing the flow of money moving through the economy.

But Capitalists start crying "Socialism!" as soon as you start talking about anti-trust.