Why is this downvoted when it's spot on.. if reality < expectations so much money is sitting on extremely quickly depreciating assets. It will be bad. Risk is to the downside.
Being critical of AI companies on Hacker News is pretty tough these days. Either the majority of people are all-in and want to bury their heads in the sand to the real dangers and risks (economical, psychological, etc) or there's just lots of astroturfing going on.
All of the top upvoted comments are calling or implying this is a bubble. It seems to me the majority loves to imagine themselves persecuted in their home turf.