BillionaireClubCollc
  • News
  • Notifications
  • Shop
  • Cart
  • Media
  • Advertise with Us
  • Profile
  • Groups
  • Games
  • My Story
  • Chat
  • Contact Us
home shop notifications more
Signin
  •  Profile
  •  Sign Out
Skip to content

Billionaire Club Co LLC

Believe It and You Will Achieve It

Primary Menu
  • Home
  • Politics
  • TSR
  • Anime
  • Michael Jordan vs.Lebron James
  • Crypto
  • Soccer
  • Dating
  • Airplanes
  • Forex
  • Tax
  • New Movies Coming Soon
  • Games
  • CRYPTO INSURANCE
  • Sport
  • MEMES
  • K-POP
  • AI
  • The Bahamas
  • Digital NoMad
  • Joke of the Day
  • RapVerse
  • Stocks
  • SPORTS BETTING
  • Glamour
  • Beauty
  • Travel
  • Celebrity Net Worth
  • TMZ
  • Lotto
  • COVD-19
  • Fitness
  • The Bible is REAL
  • OutDoor Activity
  • Lifestyle
  • Culture
  • Boxing
  • Food
  • LGBTQ
  • Poetry
  • Music
  • Misc
  • Open Source
  • NASA
  • Science
  • Natural & Holstict Med
  • Gardening
  • DYI
  • History
  • Art
  • Education
  • Pets
  • Aliens
  • Astrology
  • Farming and LiveStock
  • LAW
  • Fast & Furious
  • Fishing & Hunting
  • Health
  • Credit Repair
  • Grants
  • All things legal
  • Reality TV
  • Africa Today
  • China Today
  • "DUMB SHIT.."
  • AI

The Guardian view on a tech bubble going pop: AI pays the price for inflated expectations | Editorial

Investors may have got too excited about something they don’t fully understand – and are now paying the priceHas the artificial intelligence bubble burst? The question has been on the lips of many this week as they have watched the stock market slide, with billions wiped off the value of technology companies that had boomed since the arrival of large language models. It was the economist Hyman Minsky who thought Wall Street encouraged too much risk and gulled investors into parting with cash for all the wrong reasons. The result was ruinous boom-and-bust cycles. His model began with “displacement”, which is when investors get excited about something they don’t fully understand – something like AI.Last year, OpenAI’s ChatGPT chatbot got to 100 million users in two months. What follows displacement, according to Minsky, is boom, euphoria, profit-taking and panic. There’s been a boom. It is reported that more than 200 AI startups globally are unicorns – meaning they’re valued at $1bn or more. Continue reading...

Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!

Source link

Share
What's your thought on the article, write a comment
0 Comments
×

Sign In to perform this Activity

Sign in
×

Account Frozen

Your account is frozen. You can still view content but cannot interact with it.

Please go to your settings to update your account status.

Open Profile Settings

Ads

  • Premium Billionaire128 Crop Hoodie

    $ 44.00
  • Original Billionaire128 Old School Bucket Hat

    $ 28.50
  • Premium Billionaire128 Trucker Cap

    $ 19.50
  • News Social

    • Facebook
    • Twitter
    • Facebook
    • Twitter
    Copyright © 2024 Billionaire Club Co LLC. All rights reserved