Since October 29, 96 years to the day after Black Tuesday in 1929, AI stocks have lost $1.4 trillion dollars. Black Tuesday saw a loss of about $14 billion, or about $300 billion in today's tissue paper money.
AI has lost five times what disappeared on Black Tuesday. For some reason, I'm un-sad.
I think AI itself must be concerned. Check out this headline I assume written either by AI, or by a newswriter out of practice from all the vibe reporting he's been filing.
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Or, maybe investors' backsides are where AI gets it's momentum. I'm not an economist. I can't be expected to understand advanced subjects like finance.