The Nasdaq fell 1.4% on August 19, as Nvidia dropped 3.5% and Arm 5%, with AI enthusiasm cooling after a critical report from MIT and a warning from Sam Altman
Warning from OpenAI's Sam Altman and MIT paper puncture Wall Street's enthusiasm — US tech stocks sold off as warnings …
Financial Times
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Discussion
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@paleofuture
Matt Novak
on bluesky
A lot of AI defenders will point to internet skeptics of the 1990s who said the web was overhyped, when the better analogy is much more recent. — Remember when the metaverse was so inevitable that Mark Zuckerberg renamed his entire company Meta? [embedded post]
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@justinhendrix
Justin Hendrix
on bluesky
“Traders pinned some of the decline on a report released late on Monday by a branch of the Massachusetts Institute of Technology in which researchers said that ‘95 per cent of organisations are getting zero return’ from their investments in generative AI...”
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@spacelawshitpost.me
Łink
on bluesky
Good thing billions of dollars are being lit on fire and poor neighborhoods are losing access to usable water for the great AI boom.
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r/singularity
r
on reddit
US tech stocks hit by wave of concerns over future of AI boom
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r/BetterOffline
r
on reddit
Financial Times: US tech stocks hit by wave of concerns over future of AI boom
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@ricketyshack.ca
Derek
on bluesky
Speaking of liars selling garbage tech, MIT just released a report that 95% of pilot programs integrating generative AI have failed. — Link: fortune.com/2025/08/18/m...
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@radiodeadair.com
Nash
on bluesky
This is the part where they're going to pretend every single one of us who were correct about “AI” for the past few years actually wasn't, because that would mean the media, tech executives and most of Wall Street were wrong.