@causticmsngo @nixCraft On the upside, if Goldman Sachs is right, the bubble bursting might not lead to recession and a risk of a full blown financial crisis.

Which would be nice.

@causticmsngo @nixCraft Not even that.

It's a bubble. They're not concerned about maximising long term shareholder value, which in most cases is their actual fiduciary duty (e.g. pension funds own a large proportion of the economy in many countries).

They're only concerned about temporarily boosting share prices. Which is **not** the same thing.

Because when the bubble bursts, they'll time it right and short it on the way down. Or so they hope.

Or, as CEO, they'll have moved on to another job by then.

And they temporarily boost share prices by jumping on the latest bandwagon, propping up the bubble for a while longer before it pops.

Meanwhile, "AI" drives new fossil fueled power stations, steals water as well as intellectual property, along with all the other harms it does.

Plus, fire and rehire as a bonus.

@Epic_Null @huntingdon @Em0nM4stodon Alarm clock enshittification sounds hilarious.

Your alarm clock is a whole year old, we will play adverts at you every morning unless you buy a new one or pay for an advert free subscription...

Has anyone done this yet? I would have said most people use their phone but lately there has been a trend for light-triggered or sleep-sensitive for a while so it wouldn't surprise me...

@DenisCOVIDinfoguy And much longer on surfaces for most of those. Not the most important vector for Covid but important for flu etc.