Europe Pub (PieFed)Jeff Bezos hails AI boom as 'good' kind of bubble
financialpost.com/financial-times/jeff-bezos-ai…
cross-posted from: https://fedia.io/m/nottheonion@lemmy.world/t/2804708
Amazon.com Inc. founder Jeff Bezos has argued that the huge surge of investment in artificial intelligence is fuelling a “good” kind of bubble, delivering lasting benefits for society even if share prices collapse as dramatically as his ecommerce company’s did 25 years ago.
“This is kind of an industrial bubble as opposed to financial bubbles,” Bezos said at a tech conference in Turin on Friday, drawing parallels with the dotcom-era investment in fibre-optic cable that outlasted many of the companies who deployed it and the “life-saving drugs” that emerged from the 1990s biotech boom and bust.
“The banking bubble, the crisis in the banking system, that’s just bad, that’s like 2008. Those bubbles society wants to avoid,” he said.
“The ones that are industrial are not nearly as bad, they can even be good. Because when the dust settles and you see who are the winners — society benefits from those inventions,” he continued. “That’s what is going to happen here too. This is real. The benefits to society from AI are going to be gigantic.” [...]
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Any market bubble is good when you have access to privileged information to know when to sell in time.
NONEHe's not lying. When the AI bubble bursts, it will be for the benefit of all humanity.
Not really. The rich are just going to buy up as much stock as possible at low prices while the poor suffer even more.
jumping redditor [they/them]
Deflated0ne
Ya boi had some face work done?
Have you seen his current wife? They must have their own private suite at the plastic surgeon. Mar-a-Lago faces.
That’s what I was thinking. She was like “aw c’mon y’big baby. Everyone does it. It makes you cool!”
Holy cow. I saw the thumbnail and assumed it was one of those misattributed images, but no, that's him alright. Yeah something is not right with that face.
Bruh looks like a totally different person. Kind of sad tbh because I actually thought Bezos had a nice look about him especially compared to other billionaires. Homie should have hired Elon's stylist because that mother fucker did some WORK to make that guy not look like a cave troll
SgtSuckaFreeYeah this pic def has him looking like less of a fucking goblin than usual.
(des)mosthenesso says the salesmen of pick axes during a gold rush
DominusOfMegadeus
moondoggieHis wife looks significantly less real than a Real Doll
Grwat, so let's replace him with AI. If we're gonna use it to cut workers and save money, we might as well start with the ones stealing all the money.
Small number of jobs lost, HUGE amount of savings. It's win:win
Akasazh
Biggest scam ever .