TBH, my primary concern is this will be the catalyst for another market crash by destroying the public trust in AI, which is currently benefiting from investor FOMO.
Bear in mind that the cause of an equity market crash and its trigger are two different things.
The 2000 crash in Tech was caused by market speculation in enthusiastic dot-com companies with poor management YES, but the trigger was simply the DOJ finally making Bill throw a chair (they had enough of being humiliated by him for decades as they struggled with old mainframe tech and limited staffing).
If the dot-com crash trigger had not arrived for another 12-18 months, I’m sure the whole mess could have been swept under the rug by traders during the Black Swan event and the recovery of the healthy companies would have been 5-6 months, not 5-6 years (or 20 years in MSFT’s case).
Bear in mind that the cause of an equity market crash and its trigger are two different things.
The 2000 crash in Tech was caused by market speculation in enthusiastic dot-com companies with poor management YES, but the trigger was simply the DOJ finally making Bill throw a chair (they had enough of being humiliated by him for decades as they struggled with old mainframe tech and limited staffing).
If the dot-com crash trigger had not arrived for another 12-18 months, I’m sure the whole mess could have been swept under the rug by traders during the Black Swan event and the recovery of the healthy companies would have been 5-6 months, not 5-6 years (or 20 years in MSFT’s case).