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submitted 1 month ago by sundray@lemmus.org to c/fuck_ai@lemmy.world

CWs: Cory Doctorow, newsletter, mentions of his upcoming book that he's selling.

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[-] RedFrank24@lemmy.world 31 points 1 month ago

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.

[-] slaacaa@lemmy.world 15 points 1 month ago

US taxpayes will be proud to carry this burden, as always.

Privatize profits, socialize losses. The American (and thus global) way

[-] princessnorah 5 points 1 month ago* (last edited 1 month ago)

the american exceptionalism reeks with this* one

[-] DreamlandLividity@lemmy.world 4 points 1 month ago

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.

[-] Liz@midwest.social 23 points 1 month ago

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.

[-] chonglibloodsport@lemmy.world 4 points 1 month ago

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.

[-] DragonTypeWyvern@midwest.social 3 points 1 month ago

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.

[-] BanMe@lemmy.world 5 points 1 month ago

over 2.3 million people. yeah it'd be pretty big.

[-] DreamlandLividity@lemmy.world 1 points 1 month ago

Wou... Is that globally?

[-] WalrusDragonOnABike@reddthat.com 4 points 1 month ago

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.

this post was submitted on 27 Sep 2025
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