• Labor Class@lemmy.world
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    1 day ago

    More than 100k people lost their job ,because ‘ai bubble’ . Russia outproduces Europe in certain critical items but not the US, and not in advanced systems like aircraft or missiles

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      1 day ago

      The AI bubble props up a bigger chunk of the US economy than dotCom bubble did, and the economy back then was far more diversified. When it pops there will be huge repercussions across all sectors. Russia outproduces both Europe and US in pretty much all advanced systems. Meanwhile, the US has burnt through most of its existing stocks and is now unable to produce more because it is unable to refine rare earths on its own, and China has cut off access. F-35s are now being delivered without radars lmfao https://www.yahoo.com/news/us/articles/official-f-35s-now-being-184154599.html