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The air begins to leak out of the overinflated AI bubble (www.latimes.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 76 points 2 months ago* (last edited 2 months ago) (23 children)

The stock market is not based on income. It's based entirely on speculation.

Since then, shares of the maker the high-grade computer chips that AI laboratories use to power the development of their chatbots and other products have come down by more than 22%.

June 18th: $136 August 4th: $100 August 18th: $130 again now: $103 (still above 8/4)

It's almost like hype generates volatility. I don't think any of this is indicative of a "leaking" bubble. Just tech journalists conjuring up clicks.

Also bubbles don't "leak".

[–] [email protected] 20 points 2 months ago (14 children)

Also bubbles don't "leak".

I mean, sometimes they kinda do? They either pop or slowly deflate, I'd say slow deflation could be argued to be caused by a leak.

[–] [email protected] 6 points 2 months ago (1 children)

We taking about bubbles or are we talking about balloons? Maybe we should change to using the word balloon instead, since these economic 'bubbles' can also deflate slowly.

[–] [email protected] 6 points 2 months ago

Good point, not sure that economists are human enough to take sense into account, but I think we should try and make it a thing.

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