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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[-] assassinatedbyCIA@lemmy.world 163 points 10 months ago

Thank god the bubbles finally starting to burst. I am tired of hearing about ‘AI’.

[-] FaceDeer@kbin.social 39 points 10 months ago* (last edited 10 months ago)

You're not going to stop hearing about AI. Perhaps AI companies won't be so high-profile, but AI itself is being integrated into lots of things and it's not going to go away. The only thing that's happened here is that it's proving to be not quite so profitable as expected being an AI-specific company.

Edit: Perhaps not even that, the article appears to be neglecting to mention that this is part of a trend across the whole stock market rather than something AI-specific.

[-] FiskFisk33@startrek.website 29 points 10 months ago

Nobody thinks generative ai will die, but when the bubble bursts maybe we wont get it shoehorned into places it really doesn't belong.

[-] CosmoNova@lemmy.world 5 points 10 months ago

Personally I cheer for employees such as myself. The artificial pressure to compete with LLMs just got a lot softer.

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this post was submitted on 01 Feb 2024
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