Honestly the AI bubble is going to take the entire stock market with it. Over a quarter of the S&P 500 (an index of the 500 and something most valuable companies on the US Stock Market) is made up of tech companies directly investing in the AI bubble, and most individuals and funds these days invest into indexes rather than individual stocks so when a single overvalued market sector making up over a quarter of the market loses most of its value, every stock portfolio is going to lose a shitload of value.
Yeah it’ll be bad, but realistically it’ll be like every other major economic calamity. Your accounts lose a ton of value very rapidly, but as long as the money keeps going in (or as long as you have a small enough withdrawal rate if you’re already retired) ultimately it’ll eventually bounce back and then some in the recovery, because when stocks are down that’s the time to pile more money in (buy low sell high)
It depends on the person’s age group, if they just hit retirement and the stock market collapses, then they’d feel the pain the most. It could mean delaying their retirement by years.
Younger people on the other hand usually bounce back, unless of course there are other circumstances like war.
It’s going to happen and we cannot keep subsidizing this shit.
Like, sorry about your imaginary deserves-to-live points, im sure your dumb game is very fucked by this, but that money’s on the roulette table and the wheel is spinning. We got productive capacity electricity ghg’s and fucking water to salvage.
._. I never said I supported the stock market, just that the stock market collapse will affect a lot of people.
If I had it my way, companies should never be public. Lots of current day issues are because public companies act upon shareholder whims and thus cause the worst of modern day societies
I’d love to have pensions also be reintroduced in companies, but they’ve essentially been all phased out by lobbying for 401ks and IRAs instead.
Would be funny if it went rogue while its still kinda dumb. Cleaning out a worldwide infestation of mostly harmless semi-self-aware software would surely teach everyone a lesson.
someone sets up a deathbot with an ollama instance running inside, and the text output is parsed into commands
on the outside it just looks like a deathbot killing everyone, but on the inside it’s constantly spewing out inane bullshit while directing the robot to kill everyone.
the sooner the ai bubble bursts and takes down big tech with it the better
Honestly the AI bubble is going to take the entire stock market with it. Over a quarter of the S&P 500 (an index of the 500 and something most valuable companies on the US Stock Market) is made up of tech companies directly investing in the AI bubble, and most individuals and funds these days invest into indexes rather than individual stocks so when a single overvalued market sector making up over a quarter of the market loses most of its value, every stock portfolio is going to lose a shitload of value.
If the AI bubble pops, people’s retirement will also probably disappear tbh. Lotta money right now in IRAs and 401ks
Yeah it’ll be bad, but realistically it’ll be like every other major economic calamity. Your accounts lose a ton of value very rapidly, but as long as the money keeps going in (or as long as you have a small enough withdrawal rate if you’re already retired) ultimately it’ll eventually bounce back and then some in the recovery, because when stocks are down that’s the time to pile more money in (buy low sell high)
It depends on the person’s age group, if they just hit retirement and the stock market collapses, then they’d feel the pain the most. It could mean delaying their retirement by years.
Younger people on the other hand usually bounce back, unless of course there are other circumstances like war.
It’s going to happen and we cannot keep subsidizing this shit.
Like, sorry about your imaginary deserves-to-live points, im sure your dumb game is very fucked by this, but that money’s on the roulette table and the wheel is spinning. We got productive capacity electricity ghg’s and fucking water to salvage.
._. I never said I supported the stock market, just that the stock market collapse will affect a lot of people.
If I had it my way, companies should never be public. Lots of current day issues are because public companies act upon shareholder whims and thus cause the worst of modern day societies
I’d love to have pensions also be reintroduced in companies, but they’ve essentially been all phased out by lobbying for 401ks and IRAs instead.
Preferable in almost every way, but this vulnerability is shared, right?
Depends on how the pension is set up but yes.
Fair. But typically.
Maybe we shoukd just provide for each other as a society?
It will take everything with it. We’re betting the future of the whole global economy on a homework machine.
This dream that we’ll wake up tomorrow and AI will be a profitable product is the only thing saving us from the full fallout of the tariffs.
It’s so much worse than most people could understand from a chart.
I’m hoping it goes rogue. So rogue that AI becomes a boogieman that makes people shit their pants at its mention like in Cyberpunk.
It is a very advanced autocomplete, not a proper AI.
Would be funny if it went rogue while its still kinda dumb. Cleaning out a worldwide infestation of mostly harmless semi-self-aware software would surely teach everyone a lesson.
Best possible future
But knowing us, we’d throw that lead by trying to use better AI to fix the AI problem.
What do you mean “goes rogue”? Like, that the program gets corrupted?
Think modern day Morris Worm.
someone sets up a deathbot with an ollama instance running inside, and the text output is parsed into commands
on the outside it just looks like a deathbot killing everyone, but on the inside it’s constantly spewing out inane bullshit while directing the robot to kill everyone.