The Fall of the Nerds
noahpinion.blog · 1,253 words · saved by 1 readers
The age of humans who could think like computers is drawing to a close.
Software stocks crashed today. It’s never possible to be sure why something like that happens — this selloff may even be irrational — but everyone seems to agree that it’s being driven by the fear that AI is rendering a bunch of software business models obsolete. Here’s Bloomberg: In the span of two days, hundreds of billions of dollars were wiped off the value of stocks, bonds and loans of companies big and small across Silicon Valley. Software stocks were at the epicenter, plunging so much that the value of those tracked in an iShares ETF has now dropped almost $1 trillion over the past…
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