590
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 27 Sep 2025
590 points (100.0% liked)
Fuck AI
4226 readers
652 users here now
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
founded 2 years ago
MODERATORS
They still have to make that money back somehow though. They can't just put a load of investment down on AI, make zero money off it (or worse, less than zero) and then expect everything to be fine with the existing profits. They need to raise revenue from existing streams to cover for the loss they just incurred by doing AI. That, or cut costs, which means layoffs, which means people have less money, meaning they spend less money, which means businesses make less money, so they do layoffs, and so on and so on leading to a recession.
US taxpayes will be proud to carry this burden, as always.
Privatize profits, socialize losses. The American (and thus global) way
the american exceptionalism reeks with this* one
I don't know the exact numbers but I doubt these 7 companies employ enough people to cause a recession even if they fired everyone. Hell, they are laying of a lot of their employees already.
One third of the stock market's value suddenly dropping by 80% would definitely have wider reaching affects on other companies, leading to further issues.
The economy is weird man, it's all about collective vibes. If enough people in the right places care about these companies, they'll see small changes and freak out, making their own small changes and so on and so forth.
Vibes is a pretty loose way of putting it. It’s about information and lack thereof. Like a poker game or a real time strategy game. You might have some idea what your opponents are doing but you don’t know exactly what it is, and you don’t know if it’s actually going to work or not. You also have plenty of cash (minerals, vespene gas) to spend on a possible defence that may not work out.
Or it will never work out because you tied 20% of your company's value to vaporware and the bad vibes cause panic selling of your stock.
over 2.3 million people. yeah it'd be pretty big.
Wou... Is that globally?