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    Revenge of the AI bubble

    Started by RE Jun 23, 2026, 08:19 AM

    Message path : / Society / Tech is always to the rescue / The big AI revolution #37


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    RE

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    Jun 23, 2026, 08:19 AM

    AXIOS.COM • 2026-06-23

    Revenge of the AI bubble

    The case against AI used to come from outsiders.  Luddites, "doomers," short sellers betting on a crash. Its newest skeptics are emerging from inside the boom.


    AI stocks currently taking a beating, inspired in all likelihood by the post-IPO cold feet of the early investors in SpaceX.  Perhaps this will act as a catalyst to pop the AI Bubble, which besides its dubious issues with Surveillance and Spying and Dumbing down of Homo Saps who use it to substitute for rather than augment Human Intelligence, also probably doesn't pay for itself when you factor in the GOBS of Energy & Water it consumes and damage to the environment.  Add to that the fact that 99.9% of the benefits of AI go to the 0.1% of the population that owns the companies doing the buildout.

    RE

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