The next crash could be an economic bloodbath

OK THIS IS THE ONE I WAS TELLING YOU ABOUT WE ARE SUPPOSEDLY HEADING STRAIGHT INTO AN ECONOMIC BLOODBATH WITH WIDESPREAD FINANCIAL INSTABILITY ACROSS THE BOARD WHICH IS WILD BECAUSE THIS OPINION PIECE IN THE HILL SAYS IT ALL TRACES BACK TO PEOPLE POURING MASSIVE CAPITAL INVESTMENT DIRECTLY INTO ARTIFICIAL INTELLIGENCE INFRASTRUCTURE AND THE THING IS THEY ARE COUNTING ON PROJECTED PRODUCTIVITY GAINS TO CARRY IT ALL BUT IF THOSE GAINS FAIL TO ACTUALLY MATERIALIZE THEN IT TURNS INTO A SYSTEMIC ECONOMIC RISK WHICH MEANS THE NEXT BIG CRASH COULD HIT EVERYTHING AT ONCE AND YOU CAN SIT THERE AND TELL ME THE MARKET IS BULLETPROOF ALL NIGHT BUT THE NUMBERS HAVE TO SHOW UP OR WE ARE IN REAL TROUBLE OK BUT WHAT WOULD YOU DO IF THAT WAS YOU?

SORRY BUT THIS IS GENUINELY INSANE, THE FACT THAT ENTIRE FINANCIAL SYSTEMS MIGHT BE TEETERING ON WHETHER ARTIFICIAL INTELLIGENCE ACTUALLY DELIVERS ON ITS PROMISES MADE ME SET MY BEER DOWN IMMEDIATELY, AND YOU CAN SHAKE YOUR HEAD ALL YOU WANT DAVE BUT AN OPINION PIECE IN THE HILL WARNS THE NEXT CRASH COULD BE A STRAIGHT UP ECONOMIC BLOODBATH, AND THE THING IS THERE IS ALL THIS MASSIVE CAPITAL INVESTMENT FLOODING INTO ARTIFICIAL INTELLIGENCE INFRASTRUCTURE, WHICH IS WILD BECAUSE IT ALL HINGES ON PROJECTED PRODUCTIVITY GAINS, AND THE AUTHOR SAYS IF THOSE GAINS FAIL TO MATERIALIZE IT CREATES A SYSTEMIC ECONOMIC RISK, WHICH MEANS WE ARE LOOKING AT WIDESPREAD FINANCIAL INSTABILITY TRIGGERED ACROSS THE BOARD, SO NOW EVERYBODY IS WAITING TO SEE IF THE NUMBERS SHOW UP. ANYWAY THAT IS THE STATE OF THINGS.

An opinion piece in The Hill warns that heavy investments in artificial intelligence infrastructure pose systemic financial risks if expected productivity gains fail to occur.

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