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by timka 861 days ago
I think the AI bubble will blow up for purely economic reasons sooner that many of us think. Don't let the AI believers fool you. The time will show.

The rise of IT in 80s was so to say prepared in 70s. But the economy has changed drastically since then. There's just no real base for such rise of AI. Just the market cap.

For instance, the financial sector somewhere after the 1945 was about 5% of GDP. Now it's 70-75%.