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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[–] Daft_ish 20 points 9 months ago* (last edited 9 months ago) (1 children)

No shit that was a bubble. Fun for all of two seconds but application in its current form is niche/sketchy at best. There is lots of promise for the future of AI but right now it just makes things more complicated and end results are unreliable.