No crash yet, just a bunch of lawless stock manipulation by people raising money to feed gear to their LLMs. It's scaring students into other fields due to the attempt by these AI grifters to convert CS salaries into token purchases as they rob their customers with AI slop. This lack of jobs/graduates went on for six years after the 2000 dot-com crash(es), yielding the current dystopia of middle-aged web developers that don't know what a page fault is. All things being equal, we come out the other end in 2032 with vibe coders?But all things aren't equal. Our country is deeply in debt and it is no longer clear to me that the government will reign in that stock manipulation activity before it crashes the market because it still believes, almost in desperation, the false narrative that by spending $600b on capEx, the grifters are going to exponentially increase GDP with magic AI productivity gains, thereby keeping the national debt at bay. This kind of setup could lead to a Greater Depression when they're proven wrong. Greater in the sense that people no longer know how to be that poor, not that they were particularly good at it in 1929. Way worse than 2001, and let me tell you...
"I'll take one." --watt hour that is :D https://youtu.be/5Bt_QVQexnI
@2:44 https://youtu.be/eegOQ3ErbFk those are bank owners .. don't (ever) ask me how I know