this post was submitted on 13 Aug 2023
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AI Is Starting to Look Like the Dot Com Bubble (futurism.com)
submitted 1 year ago by stopthatgirl7@kbin.social to c/technology@lemmy.world
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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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[โ€“] DarkMatter_contract@lemmy.world 1 points 1 year ago (1 children)

Dot com is a bubble because some just host a website and got massive fund, same as crypto some just a random similar coin to eth they got massive fund. But Ai now can replace jobs, need massive fund to train so not much similar startup copying and startup barrier is high, also few free money going around at the same time due to interest rate. I think this might just be different.

[โ€“] Ragnell@kbin.social 2 points 1 year ago

@DarkMatter_contract It's not that the AI CAN replace jobs, it's that they're gonna use it to replace jobs anyway.

The burst will come from those companies succeeding and quickly destroying a lot of their customer's businesses in the process.