this post was submitted on 13 Aug 2023
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As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

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[–] NounsAndWords@lemmy.world 319 points 1 year ago (45 children)

Just a reminder that the dot com bubble was a problem for investors, not the underlying technology that continued to change the entire world.

[–] DogMuffins@discuss.tchncs.de 193 points 1 year ago (42 children)

That's true, but investors have a habit of making their problems everyone else's problems.

[–] FMT99@lemmy.world 24 points 1 year ago (41 children)

Not that you're wrong per-se but the dotcom bubble didn't impact my life at all back in the day. It was on the news and that was it. I think this will be the same. A bunch of investors will lose their investments, maybe some adventurous pension plans will suffer a bit, but on the whole life will go on.

The impact of AI itself will be much further reaching. We better force the companies that do survive to share the wealth otherwise we're in for a tough time. But that won't have anything to do with a bursting investment bubble.

[–] JustSomePerson@kbin.social 43 points 1 year ago (1 children)

Good for you. But perhaps fuck off, because some of us lost jobs, homes, and financial stability.

[–] WarmSoda@lemm.ee -4 points 1 year ago (1 children)

Some of you is not most of Americans.

[–] JustSomePerson@kbin.social 2 points 1 year ago (1 children)

Have you considered accepting that you're wrong on this? It's not a personal disaster to realize that just because you didn't personally see the impact, there was none. Instead of sticking to what you thought, you might learn insights. Perhaps they can be valuable when analyzing the current bubbles.

[–] WarmSoda@lemm.ee 0 points 1 year ago* (last edited 1 year ago)

Nah I'm m always right. Your mom says so.

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