Yep; it will just screw the employees, the investors (or at least those that didn't suddenly get clairvoyant and find an exit right before it hits the fan), and many, many apps relying on their APIs.
The correction is good in the long run. It will settle to sane understanding of AI's capabilities, competent applications, and the unsuing AI winter will be when real research is done rather than "we fed its garbage back into itself hoping something else came out"
It will ruin some lives. I hate that the american economy runs on these speculative cycles. If we tempered our expectations to what was sane, but still bullish, we'd have far less to fall
It will ruin some lives. I hate that the american economy runs on these speculative cycles. If we tempered our expectations to what was sane, but still bullish, we'd have far less to fall