@firebreathingduck@social.vivaldi.net
2026-09-14 19:32 UTC
@drahardja@sfba.social
I hate AI and want the bubble to implode as soon as possible.
But I place some credence to the argument that part of the cause of the AI bubble is that the 2020s ultra rich have so much money they're running out of things to invest in.
Rich people who are all-in on AI will go broke. But most of them will howl at the moon at their AI losses and then go back to their countless remaining millions in oil, housing, electronics, sports teams, etc...
Replies (1)
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@drahardja@sfba.social 2026-09-14 19:39
@firebreathingduck@social.vivaldi.net The era of tech hypergrowth is over, and rich people who got addicted to amazing returns from the S&P 500 are desperately trying to find something—anything—that exhibits the same explosive growth that they saw during the zero-interest era post 2008. They tried crypto and NFT, and when that popped, they pivoted to AI. When this AI bubble pops, they’ll probably pivot to quantum computers and things like small-scale nuclear power generators next. The reality is of course there is no such thing as infinite exponential growth in a finite world. The sooner we regulate away hyper-wealth, the better.