Replying to @⁨qImPMgxRpOZiUbxz4hWq@lemmy.world⁩

Can we just observe what a bizarre fucking moment we are living in?

Everyone knows the collapse of the AI bubble is imminent and most of those people know it’s going to be the proximal trigger for a global financial collapse and at the very least a long recession.

Everyone knows except the people who are investing billions of dollars into AI and their press.

Replying to @⁨Earthwormjim91@lemmy.world⁩

Just so we are clear the dot com crash was a result of over commercialization and venture capitalization of the World Wide Web (hence “dot com” crash and not Newsgroup crash). The Internet was nearly 30 years old at that point. What became AOL went online in 1985, 8 years before commercial interests were allowed on the WWW, just as one for instance.

Edited ⁨⁨Oct⁩ ⁨7⁩, ⁨2026⁩, ⁨19:53⁩⁩en