XPost: alt.fan.rush-limbaugh, talk.politics.misc, alt.russian.z1
XPost: alt.politics
<
https://tinyurl.com/2yd4nl36> latimes.com
Say farewell to the AI bubble, and get ready for the crash ..
Hundreds of billions of dollars have been invested by venture
capitalists and major corporations .. in OpenAI and its multitude
of fellow AI labs, even though none of the AI labs has turned a
profit. Public companies have scurried to announce AI investments
or claim AI capabilities for their products in the hope of
turbocharging their share prices .. Stock investors may face a
painful reckoning .. "AI companies are really buoying the American
economy right now, and it's looking very bubble-shaped," .. The
hype machine .. remains in overdrive ..
AI promoters have kept investors and followers enthralled by
relying on a vague public understanding of the term "intelligence."
.. The general public may finally be cottoning on to the failed
promise of AI more generally .. Predictions that AI would yield a
burst of increased worker productivity haven't been fulfilled; in
many fields, productivity declines, in part because workers have to
be deployed to double-check AI outputs ..
<
https://archive.is/NOUtB> afr.com
History shows we should brace for an AI crash
The massive investment in artificial intelligence infrastructure
currently .. But jittery investors are increasingly asking: what
returns will this immense capital outlay generate? History suggests
they're right to be nervous .. A bone-juddering crash - or several
crashes - therefore seems likely ..
<
https://tinyurl.com/yuu2fk43> pivot-to-ai.com
The mountains of investment cash in the AI bubble need to furiously
shuffle numbers as long as they possibly can. This is a venture
capital scam we've seen before - Enron .. The AI bubble is a big
money scam, but it's part of a system of big money scams .. Venture
capital is still pouring money into pure play AI companies -
because there's nowhere else to go. They're merging zombie companies
to keep a big valuation number on the books ..
--- SoupGate-Win32 v1.05
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