Too big to fail is too big to exist. Break them up.
Too big to not let fail.
That was lesson.
I’m sure we managed to avoid learning it.
We all learned the lesson but the people who could implement the lesson refuse to because it isn’t to their personal advantage. We all know what the wise thing to do is but that would disempower some very rich and influential people who should never have been allowed to grow to be so influential over the state, aka us, that we can’t stop them from forcing us to pay for their speculative risk taking.
If an AI bubble pops, no one is getting out clean.
He means the taxpayers.
Privatize the profits, socialize the losses
Was that a threat?
And I hope he wasn’t threatening everyone who participates in the global economy.
Lol that’s how I read it, or at least trying to suggest they’re in a Mutually Assured Destruction scenario.
Wall Street didn’t learn from past events and is doomed to repeat history?
Shocking… /s
They learn how to profit the next time.
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until the US regulates it’s financial markets for the common good like most of the rest, it will forever remain the country of shortsighted degenerate gamblers
you’re kidding right?
those billionaites that gambled the US economy on an executive borwnosing machine will get a bailout paid by those who lost healthcare and can’t afford food. 2008 all over again.
We should improve society somewhat.
that sounds like antiameticamism and therefore legally making you a terrorist
I believe the French had a nice invention for that. And it’s not the ‘pain au chocolat’…
didn’t they ended up with an emperor?
we learned that violent revoluts without unity and theory will succeed in creating another unfair system.
Organise, join local groups, join those groups with other groups.
It makes more sense if you read it as a threat.
Make no mistake. Just like the housing bubble of 2007 and 2008 there are people poised and ready to make tons of money off of the deflation of the AI bubble.
Jacked to the tits…
Any company not using AI for anything will be pretty unaffected when this bubble pops.
except their employee benefits package is guaranteed to touch companies impacted by it.
Even if they don’t use AI, they probably trade with a company that does.
Good luck finding that in any large or even mid-size company. If you think you found one, good chance you probably just found one with a lot of Shadow IT and poor visibility.
Translation: we juiced the bubble so good trying to make a trillion dollars that when it pops, the world economy is coming down with it.
More like we juiced the bubble so good trying to make a trillion dollars that you (world governments) better not let it pop.
“I’m gonna take you all down with me!”
Then I’ll ask for a sweet socialist bailout while the rest of you enjoy rugged capitalism.
Due to the sheer number of articles surrounding the AI bubble popping; I’m coming to the conclusion that this has already started.
Good good. Let it all fall apart.
The sooner the better. Less LLM infatuation means better customer service, less overall environmental impact, and more water available to cities.
And lower RAM price.
Oh, that’s where he’s wrong. I think a great many of us will enjoy it.
The utter lack of self-awareness…
This is code for “Hey government, you better be ready to bail us all out”.
