this post was submitted on 03 Oct 2026
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97
'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later' (gizmodo.com)
submitted 2 hours ago by return2ozma@lemmy.world to c/technology@lemmy.world
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[–] terranoid@lemmy.cafe 47 points 2 hours ago (4 children)

I had a boomer normie ask me how to use AI to develop his new "business" website telling me that he didn't want to hire a developer if the developer would just use AI anyway.

This guy doesn't know what a router is, and was asking me for help trying to understand what the AI was telling him, and it was the most basic shit.

When the normies are trying to invest in AI, they're the last to invest and know to throw money at it. That was a big signal to me that the bubble is about to pop. Money is running out and the boomers are trying to get in on it.

[–] Bahnd@lemmy.world 2 points 10 minutes ago

Exactly this. If you hear people talking about investments around the Thanksgiving table, its time to bail. All the smart people got in months ago and have left, they are just looking for bag holders now.

[–] yakko@feddit.uk 3 points 47 minutes ago

That's the real truth. Run like hell when luckless chumps show up looking all enthusiastic

[–] Hubi@feddit.org 6 points 1 hour ago (1 children)

When the normies are trying to invest in AI, they’re the last to invest and know to throw money at it

They are also the largest group by far. Doesn't really mean much aside from the fact that adoption is now widespread.

[–] pelespirit@sh.itjust.works 8 points 1 hour ago (1 children)

I don't think it's going to add up to a trillion dollars a year though, lol.

AI and the Enshittification Era w/ Cory Doctorow https://www.youtube.com/watch?v=-dAIJRjb-Bw

[–] Wakko@hell.cloud 4 points 1 hour ago

I don’t think it’s going to add up to a trillion dollars a year though, lol.

It will. The real question is - what will be the price of a loaf of bread in the multi-trillion dollar economy?

[–] laranis@lemmy.zip 2 points 1 hour ago (1 children)

I can tell you how to use AI... for money.

[–] NekoKoneko@lemmy.world 1 points 4 minutes ago

Oh, great, thanks! You're a real lifesaver. [Proceeds to pay more than he would have paid for the real developer, to spend more time to create vibe-coded tech-illiterate trash.]

[–] Photonic@lemmy.world 3 points 47 minutes ago

[–] schipelblorp@sh.itjust.works 24 points 2 hours ago* (last edited 2 hours ago) (1 children)

I'd probably have better luck shorting stocks if I could trigger a (rightful) panic like this guy can.

[–] Bustedknuckles@lemmy.world 7 points 2 hours ago (3 children)

I've come to realize that I was assuming that there was a limit somewhere to "the market staying irrational". I'm not so sure anymore

[–] frongt@lemmy.zip 1 points 8 minutes ago

The market has never been rational.

[–] inari@piefed.zip 1 points 26 minutes ago

It's less about fundamentals and more about what investors believe about the market. That's why Musk is so good at manipulating the market, he's convincing enough for many investors.

[–] schipelblorp@sh.itjust.works 6 points 1 hour ago

You could argue that a heavily debt-based business that requires years and years of more debt before becoming profitable would respond to rising interest rates quite negatively, but, yeah, the whole thing is already enitrely irrational.

I'm keeping some popcorn in reserve for OpenAI's IPO.

[–] FE80@lemmy.world 1 points 21 minutes ago

Good.

[–] TootSweet@lemmy.world 10 points 2 hours ago (1 children)

God I hope so.

[–] danc4498@lemmy.world 8 points 1 hour ago (2 children)

It'll only hurt us. The rich will profit heavily.

[–] TootSweet@lemmy.world 25 points 1 hour ago* (last edited 1 hour ago)

Yeah, but if the bubble lasts longer it'll hurt us more when it does collapse.

Plus we'll have to deal with more clanker bullshit in more of our daily lives for longer if it takes a long time for it to collapse.

[–] schipelblorp@sh.itjust.works 9 points 1 hour ago

Are you talking about the collapse of the AI bubble hurting us? I mean, sure, but what's the alternative? There isn't one. The sooner it pops, the more money that will be available to develop businesses that can grow the economy. Right AI is gobbling up investment capital and driving up the interest rates and inflation of the price of tech hw is stunting consumer and business tech, contributing to overall inflation, and making actual products people want to buy more expensive, ie less sold...

I'd like to say that this economic collapse could not have come at a worse time, but I think bubbles like this are only possible when markets are no longer competitive, everyone is broke as shit, and people have to invent fantasies to make investors think line will go up.

[–] mr_jay@lemmy.zip 7 points 2 hours ago

One can only hope…

[–] imsufferableninja@sh.itjust.works 4 points 2 hours ago

Same, Michael Burry. Same

[–] dudeface@lemmy.world 1 points 1 hour ago

I have no AI investments outside of shit my pension probably buys

I am looking forward to investor focus moving to stocks I do buy though