If you think I am being alarmist when (a little less frequently recently) I post about an impending AI-related correction (bust or crisis), I'd just like to point out that Bank of International Settlements is suggesting that as soon as people (investors) realise AI is not producing the astronomical returns promised by its prompters, investments are likely to pulled back & redirected producing a crisis as current sentient & prices are so reliant on the AI bubble... bust follows boom!
#AI
h/t FT
@ChrisMayLA6 I might be bein overly skeptical, but I think one of the drivers behind the AI companies IPOing and pushing for index funds to reduce their rules, is to allow initial investors to cash out and push the risk onto a much wider audience.
I feel the inevitable crash is going to be much bigger and wider felt, and as usual ordinary people getting caught in the crossfire, again.
As they say, every (investment) market needs a fool & if you don't know how the fool is, its you.... they need someone to pick up the investments in the minutes before collapse
@ChrisMayLA6 indeed and I bet it will be a bunch of pension funds, etc again.
@intrbiz @ChrisMayLA6 not sure that's skepticism, it sounds more like having some sense of reality.