this post was submitted on 09 Oct 2026
936 points (97.7% liked)

Technology

88725 readers
3836 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 3 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
936
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
377 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] NotEasyBeingGreen@slrpnk.net 1 points 2 days ago (1 children)

Technology investment bubbles have existed since at least the industrial revolution kicked off. Tons of airlines went bankrupt in the early days of air travel, for example. I don't know anything about it but I assume the same thing happened with trains and a gazillion other technologies that actually are pretty cool.

Marx pointed out that capitalism needs periodic cycles of capital destruction, and here we are...

[–] Kissaki@feddit.org 9 points 2 days ago

https://en.wikipedia.org/wiki/Railway_Mania

Railway Mania was a stock market bubble in the railway industry of the United Kingdom of Great Britain and Ireland in the 1840s. It followed a common pattern: as the price of railway shares increased, speculators invested more money, which further increased the price of railway shares, until the share price collapsed. The mania reached its zenith in 1846, when 263 Acts of Parliament for setting up new railway companies were passed, with the proposed routes totalling 9,500 miles (15,300 km). About a third of the railways authorised were never built—the companies either collapsed because of poor financial planning, were bought out by larger competitors before they could build their line, or turned out to be fraudulent enterprises to channel investors' money into other businesses.[