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AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)

submitted 10 months ago by stopthatgirl7@kbin.social to c/technology@lemmy.world

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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[-] Daft_ish@lemmy.world 20 points 9 months ago* (last edited 9 months ago)

No shit that was a bubble. Fun for all of two seconds but application in its current form is niche/sketchy at best. There is lots of promise for the future of AI but right now it just makes things more complicated and end results are unreliable.

this post was submitted on 01 Feb 2024

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