Too big to fail is too big to exist. Break them up.
If an AI bubble pops, no one is getting out clean.
He means the taxpayers.
Was that a threat?
And I hope he wasn’t threatening everyone who participates in the global economy.
Lol that’s how I read it, or at least trying to suggest they’re in a Mutually Assured Destruction scenario.
Was that a threat?
“Google might break! Please be careful!” - the threat of a good time.
Wall Street didn’t learn from past events and is doomed to repeat history?
Shocking… /s
They learn how to profit the next time.
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until the US regulates it’s financial markets for the common good like most of the rest, it will forever remain the country of shortsighted degenerate gamblers
you’re kidding right?
those billionaites that gambled the US economy on an executive borwnosing machine will get a bailout paid by those who lost healthcare and can’t afford food. 2008 all over again.
It makes more sense if you read it as a threat.
Make no mistake. Just like the housing bubble of 2007 and 2008 there are people poised and ready to make tons of money off of the deflation of the AI bubble.
Jacked to the tits…
The money to be made is on predicting when, not it it’s going to burst. Otherwise we’d all be betting the house on it.
Actually it’s more about the how. The people betting against the housing market put their chips down as early as 2005. They just had to find a way to profit from it.
Interesting. And what was the how back then?
Let’s be very clear: Pichai is one of the Very Big Assholes whose name should be uttered in the same breath with Thiel, Altman, Zuckerberg etc.
He drew comparisons to the late 1990s Internet boom, which saw early Internet company valuations surge before collapsing in 2000, leading to bankruptcies and job losses.
“We can look back at the Internet right now. There was clearly a lot of excess investment, but none of us would question whether the Internet was profound,” Pichai said. “I expect AI to be the same. So I think it’s both rational and there are elements of irrationality through a moment like this.”
Equating the dot-com bubble with the internet. Only a $trillion company CEO could spout such bs. And the misinterpretation translates very well to AI.
Frankly, what I’m getting from this article is “Hey, we’re not the #1 in the current hype, so would everybody else please slow down a little so we’re all at least on equal footing again?”
And the idea that it could all burst, leaving not only Google/Alphabet utterly destroyed - don’t threaten me with a good time, Sundai!
Any company not using AI for anything will be pretty unaffected when this bubble pops.
except their employee benefits package is guaranteed to touch companies impacted by it.
Even if they don’t use AI, they probably trade with a company that does.
Due to the sheer number of articles surrounding the AI bubble popping; I’m coming to the conclusion that this has already started.
“I’m gonna take you all down with me!”
Then I’ll ask for a sweet socialist bailout while the rest of you enjoy rugged capitalism.
Good good. Let it all fall apart.
The sooner the better. Less LLM infatuation means better customer service, less overall environmental impact, and more water available to cities.
And lower RAM price.
The utter lack of self-awareness…
This is code for “Hey government, you better be ready to bail us all out”.
Well now you know why Warren Buffet cashed out. He’s going to buy all the tech companies on a fire sale.
