Fuck AI

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"We did it, Patrick! We made a technological breakthrough!"

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.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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181

Tech billionaires cashed out $16 billion in 2025 as stocks soared (techcrunch.com)

submitted 3 weeks ago* (last edited 3 weeks ago) by recursive_recursion@piefed.ca to c/fuck_ai@lemmy.world

13 comments fedilink hide all child comments

cross-posted from: https://piefed.ca/c/technology/p/432936/tech-billionaires-cashed-out-16-billion-in-2025-as-stocks-soared

What do you guys think?
Is this the AI bubble bursting?

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[–] very_well_lost@lemmy.world 6 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

$16 billion is basically nothing to this industry. That's not even 1% of Nvidia's value.

[–] hendrik@palaver.p3x.de 5 points 3 weeks ago

Or 0.1% of the $16 trillion the billionaires own according to Wikipedia / The Forbes list of the world billionaires.