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Cory Doctorow: What Kind of Bubble is AI? (locusmag.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 10 months ago (5 children)

Tech bubbles come in two varieties: The ones that leave something behind, and the ones that leave nothing behind. Sometimes, it can be hard to guess what kind of bubble you’re living through until it pops and you find out the hard way.

Contrast that bubble with, say, cryptocurrency/NFTs, or the complex financial derivatives that led up to the 2008 financial crisis. These crises left behind very little reusable residue.

The 2008 financial crisis was not the result of a "tech" bubble.

[–] [email protected] -2 points 10 months ago (1 children)

Thanks for your pedantic, useless gotcha analysis.

[–] [email protected] 3 points 10 months ago

You're welcome.

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