Is the AI Bubble About To Burst?

This won't be good if it comes to pass. A lot of big investors dumping AI stocks including one of Trump's big South African buddies. 

https://www.rawstory.com/ai-bubble/

Seems like alot of pain either way.   The bubble bursting makes investors lose their shirt.   The AI revolution coming to fruition makes millions lose their jobs....and then that make investors lose their shirt.

Im thinking its the latter.     

My experiences with AI so far have convinced me that the term is an oxymoron. The AI bots I've encountered have been, well, STOOOPID. They're no substitute for a human. Not even a Vegas boothling. (Rio Rita!!!)

I think a crash is coming because people have been fed unrealistic expectations about what it's capable of. So many decisions, human activities, information searches, etc. require THOUGHT. AI cannot think. 

One of the most crucial aspects of human intelligence is our ability to use "fuzzy logic" and "go with our gut" when information is incomplete. Computers can't do that. They may be able to someday, but that's a long way off, science fiction movies notwithstanding.

And of course, if Trumpiffs, etc. stay in place and MAGA continues to dominate our government, we won't be able to update our computer technology. The Turd is slashing research funding for damn near everything. He hates science, because he can't spell it.

Also, the "millions losing their jobs" nonsense reminds me of the nationwide kerfuffle when cats were first manufactured. What about all the poor carriage drivers? What about the municipal manure shovelers? What WILL they DO?

The jobs that will be "lost" to AI will be the mindless, dull, repetitive work that doesn't require human intelligence. We will become more productive when people aren't answering phones and saying the same thing 500 times a day, pouring cups of coffee over and over, taking bridge tolls, etc. The people now doing that crap can be employed at something they like and are good at.

Historically speaking, the market has always had a correction after a big sell off, hasn't it? 

Candy

  Yes it does, Candy. But as seen here, there is always some moron(s) who scream and holler that the "sky is falling" whenever things like this happen - that is until the situation rights itself and then the morons disappear and search for something else to moan and groan about. 

It's Peter Thiel that is saying the sky is falling. Look him up if you don't know who he is. It is someone you politically agree with.

  You say it everytime you post your latest nonsense - and never once have you been right.

No. A big sell-off can BE a market correction. It's when stock prices, either overall, or one sector, or even one stock, drop by 10 to 20 percent from a recent high. The rationale for the term "correction," which is kind of a dumb term as it implies some kind of error, is that the prices were too high. 

Trouble is, if prices are too high, that should restrict sales, not fuel them. A "sell off" would have to have as many buyers as sellers, right (in terms of volume)?

And since money doesn't sit on the sidelines for long, if one sector undergoes a "correction," other associated sectors will get an upwards price boost as the money from the sales of, say, AI stocks goes into semiconductor or computer companies.