AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure in Leaked Documents
futurism.com
It turns out that AI demand is significantly lower than expected, as OpenAI shaves $20 billion off its revenue expectations for 2026.
  • absentbird@lemmy.worldEnglish
    0·
    10 days ago

    They were doing it before the net boom too. Roaring 20s, railway mania, Mississippi bubble, south sea bubble, and on and on.

    • Aceticon@lemmy.dbzer0.comEnglish
      0·
      10 days ago

      I’m think just Tech here, or maybe more specifically digital technology - the period till 2000 was mainly driven by techies, after than it was mainly driven by grifters.

          • absentbird@lemmy.worldEnglish
            0·
            10 days ago

            Sea people are more a backlash to states IMO

            Capitalism creates the boom/bust pattern in the same way national borders create immigration crisis.

            When you map reality onto a belief system it creates distortions.