Reddit thread debates whether AI spending is a bubble
2 Sep 21 8:55 PM · 2d ago · 1 post · 7 comments · 1 source · development 2 of 3
A long comment thread developed around the CNBC report, with users comparing current market and AI-spending conditions to 1999 and 1929, disagreeing on whether a crash is likely and how embedded AI has become in the economy.
“Most likely scenario is 90% of AI solutions, companies, and Corp spend will evaporate. Similar to past Tech bubbles.”
s_heckingCNBC Financial news outletOpenAI AI company referenced in spending debates_hecking Reddit commenterTrick-Company-2157 Reddit commenterSerienmorder985 Reddit commenter
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What people said 7 voices · verbatim
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I think the big difference here is that a huge portion of the population will not miss AI if it all got turned off tomorrow, or even next year. Would businesses be sad, yes. But most people would go, meh, I can't make dumb memes or pretend to know how to write code. But you literally can't lose a mortgage broker someone has to own that debt
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Most likely scenario is 90% of AI solutions, companies, and Corp spend will evaporate. Similar to past Tech bubbles. We’ll be left with a few good solutions for code, graphics, etc. and some that haven’t been invented yet will begin to take shape. The mania will be over though. It can happen in a matter of 3-6 months.
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My job is buying $10 million dollars worth(one time cost) of hardware to cut our AI spend by $1.6 million a month If that actually works out and they haven't grossly underestimated the amount of hardware necessary. An ROI of less than a year is fucking amazing for a business.
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Definitely don’t worry, the other big factor in 1929 was letting retail traders invest on margin for the first time, no recent product, rhyming with sodden wood, massively expanded access to margin accounts….
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a huge portion of the population will not miss AI if it all got turned off tomorrow, or even next year Millions of AI girlfriends lost overnight, you're talking about revolution.
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For all you people talking about 1999 and 1929. Remind what happened from 1930’a-1950’s. Also what happened from 2000-2025? Play it long and it won’t matter!
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Then they just vote for trump again because he says they can grab women however they want /s
All 3 developments of CNBC flags a market warning sign unseen since 1999… →
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