this post was submitted on 09 Oct 2026
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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com)
submitted 3 days ago by eicker@lemmy.world to c/technology@lemmy.world
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[โ€“] cantstopthesignal@sh.itjust.works 8 points 3 days ago* (last edited 2 days ago) (1 children)

As a percentage of Capex to GDP it's about a third of the way to where the railway mania was at during its peak. There's room to run. The difference between then and now is that all the spending is concentrated in a handful of companies.

[โ€“] BlaestEgnen@feddit.dk 5 points 2 days ago

Another key difference, the Railway mania was powered by commoners investing. Not just a few rich bozos and enormous enterprises putting their money into it, as it is with AI