"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Sundray@lemmus.org · 5 days ago

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Liz@midwest.social · 5 days ago

The economy is weird man, it’s all about collective vibes. If enough people in the right places care about these companies, they’ll see small changes and freak out, making their own small changes and so on and so forth.

chonglibloodsport@lemmy.world · 5 days ago

Vibes is a pretty loose way of putting it. It’s about information and lack thereof. Like a poker game or a real time strategy game. You might have some idea what your opponents are doing but you don’t know exactly what it is, and you don’t know if it’s actually going to work or not. You also have plenty of cash (minerals, vespene gas) to spend on a possible defence that may not work out.

DragonTypeWyvern@midwest.social · 5 days ago

Or it will never work out because you tied 20% of your company’s value to vaporware and the bad vibes cause panic selling of your stock.

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

"So, you're saying a third of the stock market is tied up in seven AI companies that have no way to become profitable and that this is a bubble that's going to burst...?"

Pluralistic: The real (economic) AI apocalypse is nigh (27 Sep 2025) – Pluralistic: Daily links from Cory Doctorow