Kyzyl
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https://www.nytimes.com/2026/02/06/business/the-dark-side-of-ai-weighs-on-the-stock-market.html
Feb 6, 2026 2:29 PM
Kyzyl
424
14
0
https://www.nytimes.com/2026/02/06/business/the-dark-side-of-ai-weighs-on-the-stock-market.html
michiyl
thepicklebucket
People losing jobs to AI? Bad. People losing money on AI? Priceless.
sneakypoo
So I guess I balance out? Boss wants to bring in AI to do some of my work. But I'm also losing money on the stock market.
LionelOu
Ah yes, AI driven customer support. Fucking shit, all of it.
alcamar
The "legal" part is straight terrifying
Kyzyl
Basically what seems like is happening is Wall Street is selling off companies that are based on subscription-based software models - perpetually renting out software that you a decade ago you'd buy outright - because A.I. products can "just do all that" and are giving it away for free or a lower price.
Boo hoo hoo. The software landlords can't extract as much rent as before, because a new player is coming to to town to disrupt them.
davegur
Yeah, and “turned negative for the year.” Oh no. It’s the first week of February. We may never recover. /s
EternalEclypse
Its also kind of silly for them to say all these saas things are going to be replaced by free tools. If something being open source or having an open source alternative made companies jump on it there wouldn't be a huge saas market already. And most of these open source companies still end up making a crap ton of money because they end up selling you subscription to access meaningful customer support that a business would need. Its saas but support as a service now.
sunyudai
The other problem, aside from the evils of SaaS, is that the AI is capable of doing some of these jobs, but it does them badly because of the Inherent limitations of what LLMs actually are.
Kyzyl
My impression is that the idiots on Wall Street long ago gave up their real jobs to quantitative models driven by A.I. So they just go on Vibes these days and tell their bots how to trade.