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502 points alazsengul | 1 comments | | HN request time: 0.208s | source
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pm90 ◴[] No.44564397[source]
I think the amount of turmoil around these deals is giving more weight to the possibility that we’re in a massive bubble thats quite divorced from any kind of fundamentals. Sooner or later the bubbles gonna burst.
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1. mark_l_watson ◴[] No.44570792[source]
Of course we are in a massive bubble. At least in the US where I live, everything is about driving short term profits, with less than a little thought to what is good for the non-special interests/insider class.

I have lived and worked through two previous ‘AI winters’ and I expect the current bubble to eventually pop in a dramatic way. There will be good things produced by AI, but I am skeptical of the panic FOMO rush to AGI or super intelligence.

Look at the process of shifting manufacturing out of the USA: that was all about driving extreme wealth for special interest insiders. Sadly, most people look to their particular little political party for some form of relief - how is that working out?