I work in an industry that is very adjacent to the boom in AI adoption, and it's absolutely disgusting how much greed is fueling all this. CEOs and executive teams are frothing at the mouth over all this and they speak with glee about replacing large percentages of their workforce and investing in thousands of new data centers. They simply do not care how much this is decimating certain industries, all they see is massive dividends for themselves and their shareholders.
It's really crazy how bad it is and how there has to be a bubble to burst, which might be happening now with some recent happenings, because it seems like everything to do with AI and these tech giants, is just this circular money pit. One company invests in another company or builds upon their own, funneling money around which looks great for shareholders and people with stock, but it's all being done with no actual profit or product being. No jobs are being created, jobs are being loss, and these services make jack squat in terms of money made. I think it was OpenAI where it was shown that operating costs were in the billions, but they were only making a couple hundred million. The only people making money are at the top and now almost the entire tech industry is being ruined because of it. It's insane.
I'm glad I got my PC built in 2024 (My RAM quadrupled its price from when I bought it) and I still have my PS5, but I was considering getting a Switch 2 or VR headset this year and I might have to think about doing that more quickly just to avoid price increases that are bound to happen, when I was sitting here waiting on a sale to happen to maybe save a few bucks on either lol
Although i'm not directly involved in AI, I work and am a shareholder in tech adjacent companies. My entire finanicals depends a lot on these swings and sectors and boy am I getting my ass handed to me. Trust me it's far worse than it appears. The silver bubble already popped and the government is artificially stimulating it by revolving door buyouts from treasuries. It hit 110 an ounce for silver and has dropped like 40 percent. If something like that happens to the stock market that fast. We have a great depression folks. And we teeter totter. Now i'm not saying were depression bound but we are most certainly experiencing a mini crash right now. Amazon logistics side of their business is intentionally using leverage to strangle brick and mortalr. Inflation, the gold standard, the bubble of AI boom, food shortages, wars it's all unsustainable and you are correct that there are big shakers revolving money around to artificially balloon their companies in hopes people hype buy and it can buy them market dominance. AI is mostly fake hype. It's not real. It's not really a tangible assett. It's an illusion. Just like cryptocurrency.
What is far more likely to happen is a lot of companies are going to die, and with so many people being replaced by AI employment, its gonna cause major famine, supply and demand issues. I'm already being swallowed by it and its only the tail of this hurricane. I hope i'm wrong. I hope were all wrong. But this AI stuff is bad bad news.
On a lighter note, 900 dollars for a PS5 pro is the funniest thing ive heard since my first time seeing a Chapelle stand up. How high will the prices go and how low will quality dip before consumers back away entirely and the entire gaming industry collapses? Atari didnt think it would happen either. But it did.
