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1. nixCraft 🐧 (nixcraft@mastodon.social)'s status on Monday, 05-Aug-2024 17:53:16 JST nixCraft 🐧

   So, AI hasn't helped any big tech firm? Is the market crashing worldwide because of this? I'm shocked. You constantly push AI and breaking all privacy, threaten to replace jobs with it, and now you're complaining and blaming already distracted consumers who don't have much money left to buy your products? Who would have thought this would happen?

   • moirearty (moirearty@mastodon.social)'s status on Monday, 05-Aug-2024 18:02:42 JST moirearty

     in reply to

     @nixCraft carry trade unwinding. This also happened in 2007, which surely didn’t set off anything bad then…

     No more negative interest rates and free money.

     What I’m getting at is the market probably hasn’t even seen the impact of the AI bubble at all yet. YET.

   • fmajowich (fmajowich@mastodon.social)'s status on Monday, 05-Aug-2024 20:16:41 JST fmajowich

     in reply to

     @nixCraft Jobs data report (didn’t add enough jobs) and crossing the Sham Rule recession indicator set this off. As well as FED holding interest rates.

   • Lazarou Monkey Terror 🚀💙🌈 (lazarou@mastodon.social)'s status on Monday, 05-Aug-2024 23:23:50 JST Lazarou Monkey Terror 🚀💙🌈

     in reply to

     @nixCraft not an once of sympathy for any of them, Tech Bros can go to hell.