According to a KPMG survey of 100 CEOs (via Business Insider) conducted from late January to mid-February, one in four company bosses believe an AI bubble does...

The insane AI push is purely driven by fear of being left behind.

No one is actually stopping to ask whether it is all worth it.

  • Canaconda@lemmy.ca
    2·
    12 days ago

    No one is actually stopping to ask whether it is all worth it

    Everyone here is too poor to understand that the AI bubble bursting will benefit the rich at our expense.

    1. The bubble bursting will be triggered by the rich cashing out of their stock positions and leaving everyone who isn’t an insider holding the bag.

    2. Assets like land for data centers may lose liquid value in the short term, but in the long term they will remain assets of the rich.

    3. Data centers themselves require inputs that the rich can afford to procure. The rich will collude to supply data centers while leaving everyone else fighting for energy and water.

    The people standing to benefit from the AI bubble are insulated by several layers of corporations, trusts, and insurance. They’re pushing us over the cliff so that they can buy the dip. Dump and pump baby.