alt Hacker NewsWhat’s the feedback loop that leads to a total financial collapse? This looks much more like dotcom bubble. Everyone knows where the exposure is.
What’s the feedback loop that leads to a total financial collapse? This looks much more like dotcom bubble. Everyone knows where the exposure is.
I think it comes down to scale (there's like 2 trillion invested so far by very large institutions) and also AI hollowing out foolish companies that decided to go "AI native" and downsize and lose institutional knowledge. When the rug pull inevitably comes and the AI subsidies are gone, the entire idea of "efficiency gains" in a lot of places is going to look pretty bad as soon as they look at their bill.