Think all our debts will be wiped out? Or just our assets…I wonder.
Oh shut the hell up already
Why stock up? Buy shorts!
Eh, us poors will just eat the rich.
Stocking up on stocks?
Calories, energy, and ammo.
I have 4 cans of beans. Im ready
I have 20 Terry’s chocolate oranges which I bought while drunk. I’m going to be a millionaire in the apocalypse wasteland.
As a millennial, I’ve developed a baseline immunity to once in a lifetime devastating economic collapse.
I’ve never had any savings that can be influenced by a stockmarket crash, so I’ll be fine
Hopefully that’s a joke
The state of the american economy is a joke, yes, where it makes things like this probable
No, what I meant was a market crash will affect you even if you have no investments.
Only half
Never had more then a thousand dollars in savings before a medical emergency, major crisis, economic implosion, or some other event destroyed anything I built.
I just gave up entirely. Lot of people stuck in this position unfortunately
The point I was making is that a market crash will affect you even if you don’t have investments
Ahh yeah, my bad. Ignore me i misunderstood.
Gen X here - we had a good quiet 20 years and then everything went entirely to hell.
The official Gen X response is: whatever…
Usually but I have a 12 year old daughter. If I didn’t i would say let the world burn
Just a tuesday
What timezone are you in?
A metaphorical Tuesday, my friend
AI stays: Wealth consolidation
Bubble bursts: Wealth consolidation
You are fucked either wayIt will scurry into its little hole nicihe just like nft’s and crypto, it will stay around, but eventually, all the bullshit will die down… And we will move on to the next bullshit…
The biggest mistake we made after the last financial crisis was not putting heads on pikes. Justice should be far more punishing if it’s ever going to threaten white collar criminals.
I’m not holding my breath, but I hope current political extremism breeds actual consequences for the wealthy elite this time around.
Absolutely, we told the wealthy to gamble recklessly and they’ll get bailed out, then printed money for them to do it. When we turned off the money printer, they got big mad and now we’ll all pay for it.
Thanks Bush Jr!
Tanking the financial system by means of the AI bubble bursting, right?
“Whoops, our AI agent went rogue and took all your money.”
Would FDIC apply in this scenario? It should, since it’s effectively bank robbing, but my guess is they’ll have some excuse for why your money isn’t insured specifically for AI agent theft.
“Only humans can commit theft” probably
An AI CEO advising people to stock cash, food and a hand crank radio in case AI takes down banking is some spectacular product marketing. Silicon Valley spent years insisting AI would run everything. Now the contingency plan is to make sure nothing you own needs a computer. Progress! 😳
plus, if the financial system collapses the cash won’t be worth the paper it’s printed on.
imagine this kind of product marketing in 90s or something. “Hey everyone! We made something that is really really bad and dangerous (but also oh so very potent!!), it will end the world as we know it in a bad way just any day now! Look out, there it potentially goes! Soon we will be out of electricity and food, banks will collapse and nukes will fly! Isnt our product wonderful!!!”
Not only has the other shoe dropped for the world, entire warddrobe got thrown out as well.
Still blaming AI for everything they do themselves I see.
Don’t worry everyone else does as well for some fucking reason it’s not just the ceos.
AI does not do anything by itself - it only does whats instructed
This. So much this
No way AI is taking down the financial system.
It’s all fearmongering and doomerism.
You are a moron if you think it has 0% chance.
AI won’t, but the entities responsible for it will.
Ahem, you’re not talking to me, you’re talking to little Claudie.
They will try and pass the fallout onto the people, similarly to how they did in 2008, with the mortgages being used to hedge their stock market bets (bad ones at that) after regulations were removed to safeguard that from happening and people lost their homes, the banks got bailed out. The people responsible got no punishment. They do this same shit all the time. They shoot too high hoping it’ll catch on, and if it doesn’t they don’t pay the price. This time, we need to stand with whomever wears the cost and make sure the richest are the ones who pay. The ones responsible for this. They all go under, or we take them down.
Eta, this article is bullshit tho
Perhaps not AI itself and perhaps not the actual system, but if/when the bubble bursts it absolutely will do a lot of financial damage.
Why would I stock up when the rich already did it for me?
How many times has it been the end of the world? When I was a kid, it was the Cold War, every day the newspapers had articles about how we were on the verge of nuclear war. Famine was another, there was not enough water for the crops. There was AIDS, we were all going to get ill and die of Kaposi’s Sarcoma. There’s got to be a list of these somewhere…
every day the newspapers had articles about how we were on the verge of nuclear war
And it was true. For example, at least in one instance, a single person prevented it.
Something being likely and there being reports about it, does not mean that the risk wasn’t real if the threat is eventually prevented.
There’s plenty of evidence to support the claims of AI causing havoc on the economy when it finally fails. It’s an economically unviable product built by stealing from literally the entire world and then using obscene amounts of resources to function.
Just because we stumbled through a whole bunch of world-ending things in the past mostly unscathed doesn’t mean we’ll continue to do so.
I hear you. You missed the hole in the ozone layer though.
To be fair on that one it’s one of the single best example of people coming together to actually solve a problem.
It’s also one of the single best examples of why solving a problem goes unnoticed because it’s boring and not news worthy.
That’s just because you stopped looking it’s still there and will close over Australia in 2050 something and over Europe in 2030 something
