this post was submitted on 13 Aug 2023
1051 points (96.1% liked)

Technology

59300 readers
4940 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s@lemmy.world
L3s@fry.gs
L4s@fry.gs
L4s@lemmy.world
enu@lemmy.world
1051
AI Is Starting to Look Like the Dot Com Bubble (futurism.com)
submitted 1 year ago by stopthatgirl7@kbin.social to c/technology@lemmy.world
342 comments fedilink hide all child comments
 

As the AI market continues to balloon, experts are warning that its VC-driven rise is eerily similar to that of the dot com bubble.

you are viewing a single comment's thread
view the rest of the comments
[–] SCB@lemmy.world 1 points 1 year ago

Money is a physical representation of the concept of value. Saying "what gives money value" is like asking "why does rain make clouds."

This is why printing money decreases the value of the currency - the value it represents has not changed so the value is diluted across the currency as the amount of currency expands.