n7gifmdnOct 11

Everyday AI looks more like the '08 housing bubble

https://lemmy.ca/post/53225771

Show threadmojofrododojoOct 13

Hold up everyone. It’s not a bubble.

“So it is true that valuations are high but, in our view, generally not at levels that are as high as are typically seen at the height of a financial bubble,” said Goldman Sachs strategist Peter Oppenheimer.

He’s from GOLDMAN SACHS LOLOLOLO I THINK THEY WOULD RECOGNIZE A BUBBLE LOL ah fuck me our economy is gonna splode

Is the AI stock bubble about to explode?

Stop with the AI bubble talk, please!

Yahoo Finance
Show threadubergeek

Goldman Sachs also though NINA mortgages were a good idea, and they also thought it was a good idea to bundle bad mortgages in with good mortgages, and find a rater to mark them AAA investments.

And then we saw how that worked out.

Oct 13 at 3:01pmWeb
Show threadmojofrododojoOct 13

yeah, how could this go wrong?

at least after the crash those houses could be lived in. these datacenters are made for one purpose, AI, and really would have to be completely gutted and refurbed for general purposes… fun.