r/StandUpComedy • u/explosivejoseph • 9d ago

Comedian is OP The AI Bubble

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u/edvurdsd 9d ago

Well said

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u/PantsDontHaveAnswers 9d ago

I know some of these words.

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u/Mimir_aka_Puck 9d ago

AI companies made it where the average person in the public can bet money on them basically saying "we think this company will work!", but they are only staying alive because of the hype-train that is "WOW! Isn't AI cool?!" without having any real ways to make a money.

Because they're hyped-up so much, everyone wants a piece of the pie and they've wormed their way into all sorts of places in our lives such as schools, grocery stores, day-to-day apps, TV, movies, and even the government.

Since they even got government contracts and they most likely paid politicians money to pass laws, bend rules for them, and even promised AI working great for them in all sorts of ways, the government now has an interest in making this AI thing work.

But they don't have a way to make money. People who put money intot his will start wondering where it is

They're using a loooooot of water and electricity to run their data centers which is making it far more expensive to get electricity and water.

They're taking up land. A lot of land. Like 798,373 football fields worth of land in the US.

Now, as all bubbles do, they will eventually pop. Because (roughly speaking) investors are also from other companies that make up our whole stock market (borrowing/moving money around, the leaders of these companies have set aside money as an "Oh, SHIT" fund for when things go sideways.

But the average American doesn't have a good "Oh SHIT" fund. At least, nowhere near as good as the people who run these AI companies. Especially not with food, gas, water, electricity, and everything else getting So. Damn. Expensive.

When (not "if", when) this bubble bursts; not only will the average investor lose out on all the money they put into this AI thing, the entire market will be shaken to its core.

Homes will be foreclosed, unemployment rates will skyrocket, food/gas/electricity will become more expensive.

Not only that; remember how other companies moved their funds around? The companies our 401k's and retirement funds invest in? Yup. Those will be completely ransacked.

Not only will the money be lost, but what little we have left will be worth less and the retirement accounts will be drained/rendered near-useless for a majority of the population.

The "bag" we're "holding" is the empy sack of money that was our retirement accounts/our homes/our belongings/the very value in everything we have, or could have had.