@misk@sopuli.xyz to Technology@lemmy.worldEnglish • 1 month agoBaidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble burstswww.tomshardware.comexternal-linkmessage-square198fedilinkarrow-up1960arrow-down127
arrow-up1933arrow-down1external-linkBaidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble burstswww.tomshardware.com@misk@sopuli.xyz to Technology@lemmy.worldEnglish • 1 month agomessage-square198fedilink
minus-squareVritrahanlinkfedilinkEnglish5•1 month agoThe uncertainty of it is exactly why it shouldn’t suck up as much capital and resources as it is doing.
minus-square@lennivelkant@discuss.tchncs.delinkfedilinkEnglish1•1 month agoShouldn’t, definitely. But for a while, it will keep running, because that’s how a lot of speculative investment works.
minus-squareVritrahanlinkfedilinkEnglish5•1 month agoI agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
minus-squareknightly the SneptaurlinkfedilinkEnglish0•1 month agoThe 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.
The uncertainty of it is exactly why it shouldn’t suck up as much capital and resources as it is doing.
Shouldn’t, definitely. But for a while, it will keep running, because that’s how a lot of speculative investment works.
I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
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.