this post was submitted on 21 Oct 2024
933 points (97.3% liked)

Technology

59569 readers
3825 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
933
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
197 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] NikkiDimes@lemmy.world 15 points 1 month ago (1 children)

The web didn't die after the dot com bubble burst. The AI bubble will burst, but a smaller niche of companies will continue to exist.

[–] dan@upvote.au 6 points 1 month ago* (last edited 1 month ago)

The dot com crash was because tech companies were massively overvalued and didn't have a proper business plan or profit. I definitely see some similarities with the AI bubble, especially with the large unprofitable companies like OpenAI. OpenAI isn't estimated to become profitable until 2029, and there's a lot of unknowns between now and then (e.g. maybe they'll be forced to license content they use for training).