AI Crash: A Looming Catastrophe Worse Than the Dot-Com Bust
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AI for Software Engineering (Copilots, SDLC, Testing)
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In short
- Let’s be clear: the warning from NYU finance professor Aswath Damodaran is not to be taken lightly.
- An AI crash could hit us harder than the dot-com bubble burst.
- Because we’re not just talking about software; we’re building a mountain of debt-financed physical infrastructure.
Let’s be clear: the warning from NYU finance professor Aswath Damodaran is not to be taken lightly. An AI crash could hit us harder than the dot-com bubble burst. Why? Because we’re not just talking about software; we’re building a mountain of debt-financed physical infrastructure. This isn’t a mere tech fad. It’s a ticking time bomb. Even if AI succeeds, we face a grim reality. The business model aims to replace entire jobs, and the societal consequences are murky at best. If you ignore this, you lose time. The stakes are high, and the clock is ticking. Who’s ready to adapt, and who will be left behind? This changes the game. Act now, or risk being buried under the rubble of a failed AI economy.
Source:
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NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust — The Decoder (EN-US)