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    Front page of the BBC, Google acknowledges the bubble


    Seems like bear season has started

    https://i.redd.it/lmlhe93gky1g1.jpeg

    Posted by vanwullen

    View 33 Comments

    33 Comments

    4. ETFBro4DaWinz on

      “we are going to replace human workers lol they are useless” as they fire 25% of their workforce annually

      “pls bail us out u need us pls”

    6. Overall-Fold-9720 on

      Summary : AI is definitely not a bubble. (And you can feel safe investing in us. By the way, we have crazy new things going soon, so invest now !)

      BUT, when it bursts, we all gonna get whipped

    7. IronicAlgorithm on

      Bailout senses *tingling*. If we go down, we take everyone with us. Now, when have I heard this one before?

    9. FormerKarmaKing on

      TFW when the COGS / LTV kicks in.

      It’s funny as fuck watching these companies fhat made their money with network effects and low COGS flip the equation and think they’re going to run it back.

    10. Exciting-Face3186 on

      Idk if its a bubble but every single company investing in the resources and power into it has been so dumbfounded to me. Not everything needs AI

    11. IcyDirector543 on

      I was a young boy in 2008 and a toddler during the dotcom bubble. Did companies implicitly threaten the entire economy on TV like this back then ?

    12. WillingnessOne8546 on

      This is a massively disingenuous quote.

      He was specifically asked, if. IF!, ai bubble was to burst.

      “Asked whether Google would be immune to the impact of the AI bubble bursting, Mr Pichai said the tech giant could weather that potential storm, but also issued a warning.

      “I think no company is going to be immune, including us,” he said.

    15. iMakeGOODinvestmemts on

      LMAO BBC is twisting words.

      Sundar has said its a long term bet for the future and they have made many long term bets and ai is working out better then the rest.

      Waymo, TpU and more were examples.

      Fuck the BBC

      SUNDAR THE FUCKIN GOAT CEO

    17. SlfImpr on

      Sensational post headline twisting the words (Pichai just answered a hypothetical question that referred to AI as a bubble).

      If you invested in Tech stocks and lack conviction, you can get out now and miss on a generational opportunity!

      * Even if there is a short-term AI pricing bubble, we are only in the 2nd innings of AI revolution
      * We have only trained AI LLMs on text, images, and video
      * In comparison, human brain neural network trains on 5 primary senses (sight, hearing, smell, taste, touch + additional sensors (temperature, pain, balance, time, hunger/thirst, etc.)
      * Next generation of AI will transition to:
      * **LLMs w/Memory -> World Models’ AI -> Physical AI -> Physical AI w/Learning** (like human brain learns, with memory consolidation during sleep)

      There will be a massive compute need/demand in the future. We just have to figure out how to pay for it to get there but we will iteratively figure it out.

      Companies that provide picks and shovels through this transition will be the real long-term winners, along with a few AI leaders

    19. 1098duc_w_the_termi on

      The bubble still has 2 years. Just like Aswath Damodaran says, the delusion is there and so is the money. Y’all clearly weren’t around for 97 or 06 when everybody was talking about a bubble for over two years.

    20. StructureConnect9092 on

      I sold NVDA, QQQ and MU last week. Gonna sit on the cash for a while. Can’t wait to see Oracle take a massive shit. Open AI’s investors are in for a world of pain and I’m here for it. 

    21. hachi_roku_ on

      Just say china is winning and they’ll say it’s national security. Better than a bail out.

    26. x7_omega on

      So… since they vere so effective in circular “investment”, they will do “circular bailout” when their next bond sale is due and no one wants them, not even Jerome, right? Right?

    28. -R9X- on

      I mean, think about Peter Thiel – what you want. But his book “Zero to One” does have some insights which are somewhat interesting. One is actually specifically about Google and how if you’re a monopoly, you 100% don’t say you’re a monopoly, and if you’re a startup, you say you have a monopoly. I think it’s kind of the same here. The big AI providers are telling you it’s a bubble. You can be 100% sure it’s not a bubble.

    32. FrenchieChase on

      WSB 3 years ago: ChatGPT is going to make search obsolete and Alphabet is overvalued at $1T.
      WSB today: AI is a bubble and Alphabet is overvalued at a $3.5T.
      WSB in 3 years: Once Tesla’s robotaxi service REALLY takes off, it’s going to put Alphabet out of business, so it’s overvalued at $5T.

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