this post was submitted on 13 Aug 2023
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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
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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.

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[–] 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.