Stock Market Today: Dow, S&P 500 and Nasdaq set for mixed start after AI carnage led to worst day for techs since 2020; jobs report on tap: live updates
I heard some investors were happy for this to happen as too much money was getting spent on datacenters, so a slowdown could be good for them in the long term, like a breather to pile up some more cash to go at it again
AI is just so big of a thing to ever stop, you might get small bumps here and there but you would need to stop it WORLDWIDE for something like this to work, no country will want to be in a permanent disadvantage by not using AI, and even if AI is “banned” how do you actually enforce it? Such a powerful technology would still be used even after the ban, they would just hide it better
I heard some investors were happy for this to happen as too much money was getting spent on datacenters, so a slowdown could be good for them in the long term, like a breather to pile up some more cash to go at it again
AI is just so big of a thing to ever stop, you might get small bumps here and there but you would need to stop it WORLDWIDE for something like this to work, no country will want to be in a permanent disadvantage by not using AI, and even if AI is “banned” how do you actually enforce it? Such a powerful technology would still be used even after the ban, they would just hide it better
It might seem like that from the US, but AI in the world in general has not been that big of a thing financially speaking.
Sure, everything is full of slop everywhere, but the US spent like 10-15 times as much on it as the world combined.
Everywhere else, it’s just new tech and some slop, not an all or nothing economical bet.