The chatbot still remains the most popular AI assistant worldwide with over 1.1 billion monthly users, followed by Gemini with 662 million and Claude with 245 million.
That depends; it will most likely cause some pretty serious issues outside the AI space. When that bubble finally pops, it’ll probably make the dot-com bust look like a bathtub fart. Knock-on effects over non AI industries, and a lot of little bitch CEO’s that put all their money/companies money in AI will now be out a whole lot of cash and go on (more) firing sprees.
And if it doesn’t pop, it has made ordinary people into millionaires. I was having a look at Swedish Avanza site where they launched a new feature where people can share their portfolios (what stocks they are invested in, and their account growth). The best investors got in early on all this stuff. Nvidia and now memory and disk stocks, so they consistently made tons and tons of money.
All while people has been waiting for the bubble to pop since… 2021? Maybe earlier.
We absolutely don’t know if it will pop, and even if it does, there was a huge opportunity to make money from it over years and years.
Thats what investment bankers did, and that’s what ordinary people did. Some got very rich on this.
Im just saying that because it’s important to realize that the way we think may not be optimal for our lives sometimes. I understand fear. But I also understand that some risks are necessary to gain something valuable.
Chat GPT came out in 2023. To the extent there was a bubble in 2021 (crypto and EV come to mind) those frothy parts of the market have deflated.
Thought it was worth adding to your comment that getting rich by taking extraordinary risk may not be “optimal”, and that looking at upside outliers is a bad way to decide what to do with personal finances.
If what you’re advocating is buying well diversified, low fee, investments with a long time horizon then carry right on though.
You can adjust your risk, sure. Those low fee diversified investments will give you index level gains, sure. But I meant getting actual rich. Then you need to bet on the right stocks.
That depends; it will most likely cause some pretty serious issues outside the AI space. When that bubble finally pops, it’ll probably make the dot-com bust look like a bathtub fart. Knock-on effects over non AI industries, and a lot of little bitch CEO’s that put all their money/companies money in AI will now be out a whole lot of cash and go on (more) firing sprees.
And if it doesn’t pop, it has made ordinary people into millionaires. I was having a look at Swedish Avanza site where they launched a new feature where people can share their portfolios (what stocks they are invested in, and their account growth). The best investors got in early on all this stuff. Nvidia and now memory and disk stocks, so they consistently made tons and tons of money.
All while people has been waiting for the bubble to pop since… 2021? Maybe earlier.
We absolutely don’t know if it will pop, and even if it does, there was a huge opportunity to make money from it over years and years.
Thats what investment bankers did, and that’s what ordinary people did. Some got very rich on this.
Im just saying that because it’s important to realize that the way we think may not be optimal for our lives sometimes. I understand fear. But I also understand that some risks are necessary to gain something valuable.
Chat GPT came out in 2023. To the extent there was a bubble in 2021 (crypto and EV come to mind) those frothy parts of the market have deflated.
Thought it was worth adding to your comment that getting rich by taking extraordinary risk may not be “optimal”, and that looking at upside outliers is a bad way to decide what to do with personal finances.
If what you’re advocating is buying well diversified, low fee, investments with a long time horizon then carry right on though.
You can adjust your risk, sure. Those low fee diversified investments will give you index level gains, sure. But I meant getting actual rich. Then you need to bet on the right stocks.