Cory Doctorow Critiques AI Investment Bubble and Links Austerity to Fascism
By
Refreeze5224
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Cory Doctorow critiques the massive investment in AI technology, arguing that it represents a form of 'AI psychosis' among billionaires and capital allocators who are pouring $1.4 trillion into what he calls 'the money-losingest technology in human history.' He connects this to broader economic issues, suggesting that austerity policies create conditions for fascism. The article presents a critical perspective on the AI investment bubble and its underlying economic and political implications.
Key quotes
· 4 pulledI'm worried about AI psychosis. Specifically, I'm worried about the psychosis that makes our 'capital allocators' spend $1.4T on the money-losingest technology in the history of the human race
in pursuit of a bizarre fantasy that if we teach the word-guessing program enough words, it will take all the jobs
That's some next-level underpants-gnomery
Austerity creates fascism
Article URL: https://pluralistic.net/2026/04/12/always-great/
Comments URL: https://news.ycombinator.com/item?id=47756081
Points: 24
# Comments: 4
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