#everybubbleburstseventually — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #everybubbleburstseventually, aggregated by home.social.
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The #AI_bubble in full hype mode.
Information-rich article in the FT. Some revenue coming in, and investors get all wild and are willing to swallow the unfathomable capital demands. It seems to me that much of the revenue comes from the increased demand for cloud services, itself driven by AI demand. A product providing its own demand: a sure sign of a bubble.
AI-based infrastructure spending by the major players is $350 billion this year alone, another $400 next year. Those figures are beyond comprehension.
Heaven help us. I want this bubble to burst, and burst it will. But there will be repercussions when it happens. It won't be pretty.
[Sorry, paywall]
https://www.ft.com/content/6da2e1fd-f606-4e82-ad74-acecfceeac4e