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Google CEO: If an AI bubble pops, no one is getting out clean (arstechnica.com)

submitted 2 days ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] BakerBagel@midwest.social 1 points 2 days ago (1 children)

Carnegie, Rockefeller, and Vanderbilt seemed to have done fine by dominating actually useful industries. Even JP Morgan made bank by loaning money to those guys doing cutthroat business and screwing over their workers. Because steel, oil, and shipping were useful industries for society. Modern tech firms are investing billions just for an excuse to layoff theor workforce.

[–] GlitchyDigiBun@lemmy.world 1 points 2 days ago

You know what, the Standard-Company monopolies look like saints compared to today's billionaires. It takes a real special level of evil to do all this after we've legally known better (post anti-trust legislation and monopoly law). And for the record, EV transportation, social networking, and communications infrastructure are the new steel, oil, and rail.