• ckmnstr@lemmy.world
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    14 hours ago

    Right. If I had dumped all my money into AI stonks and was overall deeply invested into silicon valley I’d sell the doomer story, too. Keeps the bubble alive.

    Meanwhile the REAL threat of the AI hype, i.e. overburdening ecosystems with ridiculously hungry data centers and putting children’s sanity in the hands of a hallucinating sycophantic autofill can be entirely ignored because “AGI BAD SO WE MUST BUILD AGI”.

    • Perspectivist@feddit.uk
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      14 hours ago

      It’s not about “AI stonks” really. If one genuinely believes that AGI will be the end of us then any form of retirement savings are just waste of time.

      I really think that most investors aren’t as hyped about AI stocks as the anti-AI crowd online wants us to believe. They may have increased the weight of their investments on the tech sector but the vast majority of investors are aware of the risk of not diversifying your portfolio and if you’re someone with actual wealth you can invest then they’re probably not putting it all on Open AI.

      The recent drop in AI stocks that was in the news a week or two back doesn’t even register on the value of my portfolio even though nearly all of the top companies on it are tech companies.

      • cardfire@sh.itjust.works
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        3 hours ago

        I’m sorry, you lost me at…

        but the vast majority of investors are aware of the risk of not diversifying your portfolio

        The vast majority of investors, myself included, are … not that savvy. I only sorted diversification this year and I’m still tech-heavy but we all are just eating what’s on our plates and available.

        I don’t believe these markets will have humanity’s interests at heart, either.