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In reply to the discussion: The Reason The Stock Market Is Booming [View all]One day AI will overtake Wall Street employees.
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AI is the reason for the booming market. It's a bubble. Not the same kind of bubble as 2000
Bernardo de La Paz
Friday
#9
The boom is clearly AI. From yesterday: https://www.democraticunderground.com/100220761906
flashman13
Friday
#32
Links in Reply titles do not work. The thing to do is to put them in the Reply text. . . . . nt
Bernardo de La Paz
Friday
#45
Other side of that coin: Employed labor are consumers. AI bots consume nothing, except maybe too much energy. n/t
thesquanderer
Friday
#21
In Oligarch Utopia us workers (the great unwashed) won't be needed after we're all replaced with AI and automation.
sop
Friday
#34
Other that massive amount of electricity, What goods and services will AI be purchasing and consuming?
mackdaddy
Friday
#18
"just a casino" is reflex cynicism which is countered by overwhelming facts.
Bernardo de La Paz
Friday
#46
Yup, and in the mean time the people behind each venture are living high on the investors money
ToxMarz
Friday
#39
Do they not realize laying off people will result in less consumers paying their goods and services and it
kimbutgar
Friday
#37
It's not just AI that's up. Here are all the sectors of S&P 500. AI is through the roof, but other areas are also up.
Melon
Friday
#43
You give figures for increases, but no basis, so they are completely meaningless
Bernardo de La Paz
Friday
#47