this post was submitted on 29 Oct 2026
792 points (99.3% liked)
Technology
89355 readers
3167 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- 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.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's even more "funny" that just that: there are several bubbles going on right now, not just the AI, most notably a massive realestate bubble and also bubbles in things like car loans in the US.
Further, consumer indebness is again at record levels, worse even than 2007.
In other words, it's like a mix of the dotcom bubble (this time around with a tech stack that delivers at best a lower return on investment than the Internet) AND the 2007 bubble of overvalued realestate and people deep in debt (with the personal finances of most people worst on this side of 2007 than they were on the other side so there's a higher probability of defaults) AND a bunch of smaller unpopped bubbles all over the place.
I expect that when one of the big ones goes the resulting consumer retrenchment and pullback from both lenders and investors is going to cause the other bubbles to blow up (as loans are recalled, not rolled over or defaulted on, consumption falls and investors desperatelly try to exit their riskier positions) and the full result will be at least as bad as 2000 and 2008 combined, possibly worse.
This is one of the AI apocalypses I do worry about. That and the Idiocracy/slopocalypse one.