Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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157

Bank of England sounds alarm over AI bubble (www.telegraph.co.uk)

submitted 1 week ago by vane@lemmy.world to c/fuck_ai@lemmy.world

10 comments fedilink hide all child comments

https://archive.ph/Hf2tr

The Bank of England has warned that a bubble in artificial intelligence (AI) stocks threatens to spark a major market correction, posing a “material” danger to Britain’s economy.

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[–] homesweethomeMrL@lemmy.world 19 points 1 week ago (1 children)

Ms Georgieva warned that overall debt levels were also spiralling out of control and were projected to exceed the total size of the global economy by the end of the decade.

This “sobering reality” would make it harder for governments to pay down debt and limit their ability to spend on vital public services, the IMF chief warned.

[–] HK65@sopuli.xyz 14 points 1 week ago

I guess now we get to the logical conclusion of the system, less hospitals, less schools, more yachts, more pedo islands.