misk@sopuli.xyz to Technology@lemmy.worldEnglish · 2 months agoBaidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble burstswww.tomshardware.comexternal-linkmessage-square194fedilinkarrow-up1958arrow-down126
arrow-up1932arrow-down1external-linkBaidu CEO warns AI is just an inevitable bubble — 99% of AI companies are at risk of failing when the bubble burstswww.tomshardware.commisk@sopuli.xyz to Technology@lemmy.worldEnglish · 2 months agomessage-square194fedilink
minus-squareVritrahanlinkfedilinkEnglisharrow-up5·2 months agoI agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
minus-squareknightly the Sneptaur@pawb.sociallinkfedilinkEnglisharrow-up1arrow-down1·2 months agoThe argument could be made economically rather than ideologically. Capitalism has a failure mode where too much capital gets concentrated into too few hands, depressing the flow of money moving through the economy. But Capitalists start crying “Socialism!” as soon as you start talking about anti-trust.
I agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
The argument could be made economically rather than ideologically.
Capitalism has a failure mode where too much capital gets concentrated into too few hands, depressing the flow of money moving through the economy.
But Capitalists start crying “Socialism!” as soon as you start talking about anti-trust.