this post was submitted on 01 Feb 2024
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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] [email protected] 164 points 9 months ago (21 children)

Thank god the bubbles finally starting to burst. I am tired of hearing about ‘AI’.

[–] [email protected] 40 points 9 months ago* (last edited 9 months ago) (7 children)

You're not going to stop hearing about AI. Perhaps AI companies won't be so high-profile, but AI itself is being integrated into lots of things and it's not going to go away. The only thing that's happened here is that it's proving to be not quite so profitable as expected being an AI-specific company.

Edit: Perhaps not even that, the article appears to be neglecting to mention that this is part of a trend across the whole stock market rather than something AI-specific.

[–] [email protected] 29 points 9 months ago (1 children)

Nobody thinks generative ai will die, but when the bubble bursts maybe we wont get it shoehorned into places it really doesn't belong.

[–] [email protected] 5 points 9 months ago

Personally I cheer for employees such as myself. The artificial pressure to compete with LLMs just got a lot softer.

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