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I won a Pulitzer for explaining the Great Depression. The AI spending boom terrifies me (fortune.com)

submitted 1 day ago* (last edited 1 day ago) by Wudi@feddit.uk to c/technology@lemmy.world

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[–] ChickenLadyLovesLife@lemmy.world 28 points 21 hours ago (2 children)

We met with my mother's broker a few weeks ago (company rhymes with "Laymond Maims"). My brother expressed his concern about the AI bubble and the broker basically said CEOs are smart people who are legally bound to safeguard their companies and they wouldn't be so heavily invested in AI if there was any chance of its being a bubble.

Just one of the most dumbassed arguments I've ever heard. OK, then how did all the other bubbles in history happen? But it was equally dumbassed of my brother to expect a broker to say anything else. I'll bet he gets a fucking daily memo telling him not to let anybody de-AI their portfolios -- if that's even possible at this point.

[–] HasturInYellow@lemmy.world 10 points 12 hours ago (2 children)

I would immediately change brokers. That's a level of uneducated and propagandized that is truly dangerous.

[–] Tollana1234567@lemmy.today 2 points 4 hours ago

most of them like peddles the same propaganda.

[–] no_name_dev_from_hell@programming.dev 3 points 7 hours ago (1 children)

I don't think others differ that much.

[–] HasturInYellow@lemmy.world 1 points 2 hours ago

Almost certainly true.

[–] MangoCats@feddit.it 13 points 20 hours ago (1 children)

CEOs are smart people who are legally bound to safeguard their companies and they wouldn’t be so heavily invested in AI if there was any chance of its being a bubble.

Reciting his training - were I your mother, I'd never speak with Lameman James' Tool again and ensure that they receive no further comissions from her assets.

[–] ChickenLadyLovesLife@lemmy.world 4 points 14 hours ago

Alas, mom is all "they've done such a great job over the years increasing the value of our portfolio". Bitch, the fucking market went through the roof, that's why your portfolio has done so well. It has nothing to do with Draymond Claims. You were in mutual funds the whole time!

No, I don't actually call my mom a bitch.