oh my god yes please crash
sync it up with global oil stocks running out at the same time for maximum funny
AI is the new dot com. Pity it’s going to take so much of the global economy with it when it sinks, but the sooner it happens, the less damage it will do.
dot-com suuuuuuuuuuuucked. This was especially true in tech areas like Seattle and San Fran. Think of it more like the housing crisis to understand how bad this is going to be. OTOH, most of us have been through at least the housing crisis and covid, so we can handle it. I mean, we’ll have to handle it, we won’t have a choice.
“I mean, we’ll have to handle it, we won’t have a choice.”
A lot of people won’t handle it though. I’m too disabled to work, so even if I had been old enough to be working during the dot-com era and the '08 crash, I still wouldn’t have had a job to lose.
However, I have had my benefits temporarily removed due to various bureaucratic bullshit, and there have been multiple points where things got bad enough that I’m honestly surprised I’m still here to write this comment. And it sucks to know that for all the trauma and disadvantage I face, I am one of the lucky ones.
That’s what’s so grim people being pushed to their limit — when we don’t have the luxury of choices, then it’s easy to get drawn towards choosing “the bad ending” so to speak. Even during difficult times where I’ve not been at risk of making that particular choice myself, I nonetheless found it comforting to fantasise about, as the escape lever that no-one could take away from me.
I’ve been a software QA engineer since 1991. I wound up working as a professional mover during the dot com bust.
Got my first web gig in 1999, good timing. I went from coding java as a developer to making java as a barista.
Yep, surviving is the way.
If this happens it’s basically the end of tech advancement unless the US and some allies take over a number of countries to stabilize supply chains.
Treat every advanced tech purchase (cpu, MEM, smartphone) like it’s the last you’ll be able to get.
This news is old referring to Asia’s Monday opening, which is in a sense just following the price action of the US stock market from Friday which was red.
Today the US stock market was green, and the Korean stock market is up 3.6% right now.
News articles this old should not be posted imo.
<checks date> 7 hours ago was Monday evening in Asia? On a platform where articles stick around for days, that’s pretty recent.
7 hours ago was Tuesday morning in Asia
aw man…
softbank bought ABB Robotics last year. one of the few big swedish tech companies that hadn’t been fully diluted over the years (sure they were part of ABB but they were doing their own thing) get sold to a company that wanted to “bridge the gap between ai and real life”. if the robotics division goes down with them i’ll be mad.
