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Western Digital runs out of HDD capacity: CEO says massive AI deals secured, price surges ahead
(www.tweaktown.com)
This is a most excellent place for technology news and articles.
So basically the consumer market is screwed until the AI bubble bursts and manufacturers (GPUs, RAM, HDDs, etc.) can rebalance their production lines back to the pre-AI division of enterprise vs consumer product.
As workers, we are majorly screwed no matter what happens. Either AI/Robotics takes off, and creates a permanent 50% unemployment class, which MAGA will solve by exchanging basic subsistence needs like shelter and water in work camps, where we will be leased out to corporations as slaves, under the 13th Amendment. Also a good place for any dissenters, journalists, attorneys and judges who won't go along, etc.
Or maybe the bubble will pop, and we'll have a repeat of 2008, except 100 times worse.
No matter what happens, the citizens are going to take it in shorts.
The AI spending and stock is much more localized. It's not grown over more years and integrated into many financial systems. So the results may be much less severe.
Circumstances will be different, and the problems may manifest differently, but it will still be very bad for workers. When those companies are forced to realize that they threw away a decade of profits on nothing, they will make up for it by closing locations, and firing lots of people. Those businesses that don't fold up entirely, that is.