With SAP and almost every other company flushing billions down the toilet chasing a phony dream, what happens after the crash?
https://www.commondreams.org/news/artificial-intelligence-bubble
MarketWatch reported on Friday that the MacroStrategy Partnership, an independent research firm, has published a new note claiming that the bubble generated by AI is now 17 times larger than the dot-com bubble in the late 1990s, and four times bigger than the global real-estate bubble that crashed the economy in 2008.
Perkins told Axios that he’s particularly wary because the big tech companies are claiming “they don’t care whether the investment has any return, because they’re in a race.”
“Surely that in itself is a red flag,” he added.
“I think that there will be a lot of capital that’s deployed that will turn out to not deliver returns, and when that happens, people won’t feel good,” he said.