765
Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom
(www.nbcnews.com)
this post was submitted on 30 Oct 2026
765 points (99.0% liked)
Technology
89311 readers
3234 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
I'm not saying it is a good idea. Or even one the populous wants. I'd be shocked if it all allowed to collapse and dominoes fall where they may. It will all be wrapped in the flag and about maintaining America lead/power (monopolies) and force fed to voters by both parties. There are only two parties to buy.
Oh I got what you meant I just disagree. My point was that AI is a money burning party with nothing to show unlike basically any other industry, even if you bail them out once they'll likely need to be bailed out again by the next quarter since they don't really have a product to sell. Not even getting into all the debt a lot of these companies have or any future contracts that have been signed.
Point is even if they are bailed out it will amount to doing a blood transfusion on someone with an actively bleeding artery. They are far more likely to wipe everything else out than succeed, though I wouldn't be surprised if that was the end goal for dipshits like Thiel. Maybe it's a weird but of optism but I can't quite see enough congresscritters siding with that since basically all of them gain their power through the government and the current economic systems continued existence.
You say they have nothing, but a lot of people are using it. Now I'd argue many aren't getting value out of it, even at a 10th to 100th the actual cost, but they think they are. (Often it is someone else has to fix the slop)
And I'm not saying a government bailout is the end of it. It just kicks the can down the road further. And probably makes the final pop bigger.
There is a reason these guys are building bunkers. It's not AI they are fearing. It is us. Rising up and demanded retribution. They are literally trying to work out how they can keep their security people under control in a collapse. And hoping to replace them with bots. Thinking they can maintain that themselves. Or leave earth and hide where we can't go. It's all absolutely mental.