The Good News thread

[LegitHyperbole]

CaptainExplosion said:

LegitHyperbole said:

Not for the economies of the world, I'd expect nothing less than worse recession than 2008-10 and if not on par then bordering the great depression. Iran has already massively fucked things up. 20% of the world's oil stopped for that long and 30% of fertiliser. Heck, if the bubble doesn't burst we're still fairly fucked. We are in a bit of a lull because of government interventions but that pain is coming back around real soon. If the bubble burst now it would be the worst global disaster since WW2. It's a gigantic bubble not seen at its size before. 

How is it vital for the economy? It's stealing jobs from people who desperately need employment to survive, like artists, writers, animators and coders, that's a shitload of people, many of whom can't find other work because they never trained for other jobs.

The bubble isn't related to anything the AI is doing, the bubble is the economy surrounding it and the ammount of money, investments and such. 

Think of it in game industry terms, studios hired really heavily during covid expecting growth but a very small bubble burst as people went bavk to work and gaming time decreased again and then came the mass lay offs. Now this isn't one to one but it should give you a general idea, it's more about how labour bavks currency and the sums of money they are throwing into this with everyone wanting a slice of the pie and 99% of businesses around AI should probably fail only to have a few left standing. Google the dot com bubble if it doesn't click and then scale that up like...50 fold or something silly.