>>7756171
everyone is saying its a bubble because it's impossible to ignore the economic reality of the situation where ai companies are being massively overvalued compared to their actual profits, of which 95% of them are in the red, ai companies know they're in a bubble but they say they can reach AGI before it bursts in which case the amount of money they'll make will be incalculable and the risk will have been worth it. it's a pretty horrible gamble to make and it's most likely just a lie to generate hype because they need constant infusions of venture capital to keep the party going.
when the dot com bubble burst, companies made things worse because of dumb loans to eachother, just incestuously passing money around to eachother like >>7755145
it kept the bubble going for another year, but the economic damage was made worse for it. when over half the current economy is just AI tech companies pumping eachother, we're talking about potentially millions of people's 401ks wiped out overnight. thousands of suicides, and the government will be forced to bail out the ai companies with the tax dollars of the people whose lives they ruined to keep it from spiraling any further out of control.