misk@sopuli.xyz to Technology@lemmy.worldEnglish · 1 month 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-square190fedilinkarrow-up1952arrow-down127
arrow-up1925arrow-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 · 1 month agomessage-square190fedilink
minus-squareVritrahan@lemmy.ziplinkfedilinkEnglisharrow-up5·1 month agoI agree, and the problem is finance capitalism itself. But then it becomes an ideological argument.
minus-squareknightly the Sneptaur@pawb.sociallinkfedilinkEnglisharrow-up1arrow-down1·1 month 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.