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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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AI Bubble Alert: ECB Joins Bank of England in Flagging Crash Risk (fintelegram.com)

submitted 1 day ago by HaraldvonBlauzahn@feddit.org to c/fuck_ai@lemmy.world

4 comments fedilink hide all child comments

Major central banks are now openly warning that the AI hype is inflating a dangerous equity bubble. After the Bank of England’s alarm over “stretched” valuations and the risk of a sharp correction, the European Central Bank (ECB) is also warning that AI-driven stock prices could fall abruptly, with systemic consequences for global markets.

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[–] OldQWERTYbastard@lemmy.world 5 points 1 day ago

Nvidia's market cap is currently 15% of the total GDP of the United States of America. That's absolutely insane and scary as hell.

That bubble burst is coming. Buckle up, y'all!