Technology

It's objectively a bad thing when a country's entire economy is being propped up by seven companies and the vast majority of consumer spending is concentrated in the top 1%.

Looks more like the dot com bubble to me.

Is it just me, or are the bubbles coming closer together these days?

If Lemmy is supposed to be the place where the most tech savvy people in the interest congregate, and everyone in the comments is unsatisfied with AI then we really do have a problem. These companies have all reached a point where they no longer listen to their most informed customer base but instead take 100% of direction from investors who don't even know what they want except a line going up.

NVIDIA really out here selling shovels in the gold Rush

People need housing, no one needs this AI crap. Even in boring engineering jobs using tools that solved problems decades ago, we are getting AI shoveled in left and right in places no one needs or wants it. And calling old features "AI" is also another problem.

And now these stupid "barking bears attacking fat sleeping people" videos are everywhere, and people seem to think they're real.

We should focus on natural intelligence first, that is to say each other, and education...

Oh and the headline should read "Every day", "everyday" is an adjective, like an everyday occurence.

Except it's 17x larger & will take the entire US GDP with it.

https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-half-2025-jason-furman-harvard-economist/

But where is Palantir on this? Because they're discernibly connected to several of these orgs, and that displays the character of what this is actually about.

doesn't look a goddamn thing like the housing bubble

Hold up everyone. It's not a bubble.

"So it is true that valuations are high but, in our view, generally not at levels that are as high as are typically seen at the height of a financial bubble," said Goldman Sachs strategist Peter Oppenheimer.

He's from GOLDMAN SACHS LOLOLOLO I THINK THEY WOULD RECOGNIZE A BUBBLE LOL ah fuck me our economy is gonna splode

It'll crash when there isn't enough electric power to fulfill all those contractual obligations.

But what will be left after it bursts? At least in cause of the housing bubble - the houses existed physically - what will be after the AI crash? Lots of spare gear sold for cheap?

I'll just wait for the movies to come out ten years later telling us exactly how they all lost our money again.

From the entry for "zaibatsu" on Wikipedia:

Under the Allied occupation after the surrender of Japan, a partially successful attempt was made to dissolve the zaibatsu. Many of the economic advisors accompanying the SCAP administration had experience with the New Deal and were highly suspicious of monopolies and restrictive business practices, which they felt to be both inefficient, and to be a form of corporatocracy (and thus inherently anti-democratic).

The only difference? The zaibatsu actually diversified their operations.

They do look like bubbles.

Source https://www.bloomberg.com/news/features/2025-10-07/openai-s-nvidia-amd-deals-boost-1-trillion-ai-boom-with-circular-deals

this looks nothing like a cdo

There is definitely a bubble. But also what Nvidia is doing is smart. They have boatloads of cash. They are investing that cash in the companies that are using their products to create money making services. If one of them can create a killer app or viable service this will create demand for their products and they will have an ownership stake in it. Is this guaranteed or even likely? Probably not. We have reached the point where we were in 1996 where the chairman of the fed came out and said we are in a period of "irrational exuberance." That bubble took four more years to pop. This one may end quicker, but it is impossible to tell when it will end or what will come out of it from where we sit today.