this post was submitted on 10 Oct 2024
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[–] reallykindasorta@slrpnk.net 27 points 2 months ago (3 children)

I really hope some rich people lose a ton of money when the hype settles

[–] Xeroxchasechase@lemmy.world 19 points 2 months ago (1 children)

They wont, it's the normal people who'll lose the rich people money.

[–] jaybone@lemmy.world 11 points 2 months ago

Regular people will lose a bunch of jobs in the process, as they try to replace workers with AI. Then as the AI inevitably fucks up, the companies that fix this will start to fail, and no longer be in a position to hire new human employees to fix the problem. So unemployment will go up, and only the large monopolies or oligarchies will be able to recover. So overall, this is going to suck.

[–] DillyDaily@lemmy.world 10 points 2 months ago (1 children)

It feels a little dot com boom 2.0

[–] jaybone@lemmy.world 7 points 2 months ago (1 children)

It feels exactly that. (Even down to the reliance on massive purchasing of new hardware.) but the effects will be much more widespread, as it won’t just be geographically in some tech areas, since this will touch a bunch of non-tech jobs.

[–] sevan@lemmy.ca 2 points 2 months ago (1 children)

So, is nvidia the cisco of this cycle?

[–] jaybone@lemmy.world 1 points 2 months ago* (last edited 2 months ago)

Yup

Edit: or the Sun Microsystems