As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

  • Chetzemoka@kbin.social
    232·
    1 year ago

    Well there are two of us right here in the comment section. I had a great job at a startup online retailer. They had a good business model, it was a great place to work.

    We had been beating our sales projections and were only a couple months away from being profitable when the Sept 11 attacks happened. Within two weeks, our VC funding stopped and we were all out of jobs because the company owners had to choose between paying rent and paying us. They chose to pay us all severance, bless them for that.

    Thankfully I was young, didn’t own a house, didn’t have kids. But a lot of my colleagues did.

    • WarmSoda@lemm.eeEnglish
      128·
      1 year ago

      Well there’s two of us in this thread saying otherwise.
      Checkmate

      • Chetzemoka@kbin.social
        242·
        1 year ago

        Fully admits to being a literal child at the time. Still talking like they have something to contribute about the situation they fully admit to knowing nothing about. Gets snarky with the people who were actually impacted by it.

        Fucking why do people like you feel the compulsive need to open their mouths about every god damned thing? Maybe your opinion, I dunno, isn’t relevant.

        I would like to introduce you to a different possibility. It’s called keeping your mouth shut and listening. Crazy idea, I know, but it’s often followed by this thing called learning.

        Give it a try sometime.

        • WarmSoda@lemm.eeEnglish
          1·
          1 year ago

          When did I say I was a child at the time? Where are you coming up with this stuff?

          So you’re angry and making things up for no reason? Nice, guy. Thumbs up.

        • WarmSoda@lemm.eeEnglish
          126·
          1 year ago

          Huh interestingidea. You should try taking your meds and chilling out.

      • gloriousspearfish@feddit.dkEnglish
        81·
        1 year ago

        It is not a competition. But your claim that normal working people was not hurt by the dotcom bubble can not be dismissed.

      • RustnRuin@lemm.eeEnglish
        21·
        1 year ago

        So according to this thread, 50% of people got affected by the dotcom bubble, right?

        • FaceDeer@kbin.social
          2·
          1 year ago

          I went and looked up some actual numbers. According to this article:

          Between November 2001 and April 2005, 415,600 tech jobs had been lost.

          So a lot of people if you put them all in a room together, but not a huge number across the global economy.