this post was submitted on 01 Feb 2024
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AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)
submitted 9 months ago by [email protected] to c/technology
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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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[โ€“] [email protected] 29 points 9 months ago (1 children)

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

[โ€“] CosmoNova 5 points 9 months ago

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