Tech stocks tumble over AI cost concerns
Video Overview & Insights
A massive tech stock sell-off dragged down the S&P 500 and Nasdaq on Tuesday. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Ai is bad for mankind , cause massive unemployment, dlm
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We are on the way to our second Dot-Com crash.
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Artificial Intelligence isn't just speculation, it's a rampant unchecked fantasy in the realm of unicorns and fairies. Power costs and resource demands are too intensive and the infrastructure isn't even possible. Even if this stuff can be built, nobody will want to buy what it offers. It can barely do basic functions. It's just sad that we have see this tech bro fantasy crash the market.
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Glad to see this is finally making mainstream news
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Let’s gooooooo
More User Perspectives
Gee, who didn't see that coming? yawn
@guzooluImagine investing a trillion in something and being told you just need 200 more billion and you'll get something soon 😂😂
@wizaaeedIf Nvidia wasnt greedy and actually pushed for Locally hosted AI like China has, this wouldnt be anissue. but they decided to push for oligarch economics and is now paying the price.
Anthropic and OpenAI are the next IBM unironically. Local AI is getting good fast, and some are already up to par with Mythos in finding bugs.
And we can run it all locally
Yayyyy pop faster!
@merefinl6914"might be in a bubble"
@MA_M80Is it a bubble? Thanks god we have your valuable reporting. We’d never have realized the obvious on our own.
@ryanmalone2681Yes it's a bubble. Nobody seems to have the balls to just admit it on these news channels.
@brucevandermescht6957In other words water is wet. More money has been spent on global AI investment than the rebuild after World War 2.
Get ready for bailouts like nothing we've ever seen.
Say it ain't so! [Clutch perls] 😱
@StarwoodTechPop!
@CointelpronounJust like Ed Zitron said a year ago.
@portalSpidermanlol Dan Ives aka the dumbest person on Wall Street 😂😂😂😂
@BillskdmGREED IS GOOD
NO SIGNALS, ONLY DECISIONS
Correction is great, but let's be clear: AI will never go away. People just need to stop focusing entirely on code, video and image generation and start looking at biology. Market never ends, it only changes.
@RenatoAtaide-so1kgIts funny SaaS stocks down because AI will replace them but AI too expensive so they are also down
@gamf5996"What goes up must come down, and what is down must go up"
@dobingify3130So what youre saying is to buy now
@ha1ban3its just your daily market manipulation
@Reverse-ProxyThe runway for AI to show profitability is running out
@ItsDeffoScottI dont trust CBS since they got baught out by trump supporters
@ladarequiemGood. 😂😂😂
@peacefulhuman8518There's no bubble. I'm very close to the ground on what's happening with AI. Anybody not on board will be left behind.
@psvr2_winsThe big Ai tech firms need to make a buck before I will be convinced that Ai in the future. It might be eventually, but I think the timeline is likely to be way way way way slower than people think. It will slowly transform society for good or bad (both in the middle period and the long term.)
@colorado841Meanwhile my Wendys stock is printing just fine
@virajkamat2764Good…
@danielshoemaker8742Ed Zitron just looking on, smug af
@LightningStrikeifyYup... they're gonna spend quadrillions training the AI model and china will steal the main algorithms and bearly spend half a billion. Its a loser no matter how you slice it
@ksks6802So many are jumping ship, while others are operating in self delusion.
@DLFfitness1As my buddies keep reminding me "LOOK AT THE PRICE OF THE STEAM MACHINE" lmao 😂😂😂
@jeremiahealy3657🫧📌
@insomni4c-freakEverything in life has a tipping point. Is this the tipping point?
@GameBouncerBemAi data center are a Ponzi Scheme!!! ROI is absolutely NEVER. THESE PEOPLE ARE GETTING RICH QUICKLY BEFORE COMPANIES VANISH
@xyandzhandlerGood. Hope these Ai companies implode. They are the main reason any form of tech with memory or storage is expensive then ever. Making personal computers too expensive for mediocre hardware, gaming consoles more expensive for 5 year old hardware and cell phones just skyrocketing in price generationafter generation. The technology industry is regressing because of Ai..... these investors are no different. Hope they take great losses over it.
@SpartanGIS2Let the free fall free us all! 🙏 🤲
@JubletsKrublets"...and the payout for investors"
Oh no, those poor investors. My heart just weeps because they're not making tons of money. /s
All the Tech companies sitting in a circle passing billions .
@PhilippinesAdventuresVlogsHere we go boys!
@JF_ContentEnjoyerThose are rookie numbers....
@borismlikota2878Nice AI Bubble popping ❤❤
@rajadon2071It do go down!
@theguypersondudeGood start hiring people
@OceditionWhen the whole Market is depends on AI, prepare for Next Bubble.
@whereisjustice5112GOD, AMEN!
@XXROLLTIDE100XXNo war no 🪙⋯⋯
@janesung819