And the whole AI industry is holding up the stock market, while AI has historically always ran the hype cycle and crashed into an AI winter. Stock markets do crash after billions pumped into a sector suddenly turn out to be not worth as much. Almost none of these AI companies run a profit and don’t have any prospect of becoming profitable. It’s when everybody starts yelling that this time it’s different that things really become dangerous.
And the whole AI industry is holding up the stock market, while AI has historically always ran the hype cycle and crashed into an AI winter. Stock markets do crash after billions pumped into a sector suddenly turn out to be not worth as much. Almost none of these AI companies run a profit and don’t have any prospect of becoming profitable. It’s when everybody starts yelling that this time it’s different that things really become dangerous.