Looks at numbers.
Subtracts money being spent, from money being earned.
Huh.
Are you sure?
Huang draws a circle
#leverage
The issue with lies, and any good liar will tell you that, is that once you lie you need to maintain that lie forever. You keep adding new lies, new layers, new context, and this house of cards becomes more and more convoluted, large, and fragile. It takes one piece to fall for everything to come down, yet, because everything is a chain of lies, you can’t stop.
So imagine what happens when you take the most valuable GPU company and go all in on AI, creating insane investments into everything that happens to use those two letters, purposely entering into circles where one company invests into another that invests back into the same company.
You can’t get out, you’re too far deep into the web of lies. You are so deep you must convince yourself with your own lies, because you added so many and everything is so fragile that your own mind is now an obstacle.
Good fucking luck when it crashes down.
Can confirm. As far as my mom in 1998 knew, I didn’t have access to the internet. I needed the password to go on her Earthlink 56k internet account.
I’m 42 now, and my mom STILL thinks I never knew her password.
I’m 42 years old, and still remember it, because of how many times 15 year old me typed that in.
I guess I don’t need to “maintain” that lie anymore. I can’t imagine a scenario where my 70+ year old mother will ask me about that exact situation, or why it would matter today.
I have always known. Love. -Mum
Edit: Vast majority of people have crap password management practices. :)
Didn’t even think of that. Changed it.
You can however share her maiden name, name of her first pet, and favourite movie - those are 3 harmless questions.
As is the make and model of her first car. Completely irrelevant.
That made me smile, ever so small.
Snake oil salesman says snake oil market is stronger than it’s ever been
We are officially at the denial stage of this developing economic disaster.
At least they already fired everybody, in anticipation of their wild AI success. Hopefully, some of these companies will pivot, and figure out how to actually survive, and they’ll have to hire a lot of people to replace their AI.
See we keep getting told that AI is a great success and also a threat to humanity and that it’s going to take over the world in 5 minutes if we’re not careful. It has been literally years now and nothing has happened.
If that isn’t evidence of a bubble I don’t know what is. But somehow the complete lack of any meaningful progress seems to convince people even more
LLMs like what is being overhyped cannot take over the world.
They are not constant-thought processors. They are the most overbuilt autocomplete of all time.
The “take over the world” problem is the capitalists who see dollar signs in automating away humans.
If the current capabilities were enough to eliminate some human jobs, then they aren’t coming back. Someone else will offer up a cheap ai solution when the giants fall as the open source and Chinese models catch up and surpass them.
A lot of the “AI” layoffs were using it as a plausible excuse for layoffs they wanted to do anyway. So I don’t anticipate a lot of them coming back.
They’re firing people living HCOL countries, and hiring in LCOL countries, using AI as cover.
IDK, the Altman talk a few days ago sounded a lot like bargaining.
The 2026 global financial crisis will be really interesting to live through I’m sure.
Compound it with Trump taking over the federal reserve.
I say we should make the new world default currency the Danish Krone, lets really stick the knife in
i’m certain all of us that haven’t bought into any of this will be fine and rich hedge funds won’t buy up property and stock from people with no options forced to sell at prices far less than what they paid
Time invest in something safe and stable like gold
Tap for spoiler
/s
gold and silver, the original bitcoin
I think it’s still got a lot of gas. Investors still seem to be hyped about AI (e.g. the game stock downturn after Genie was announced), and that’s all that matters. Tesla has held a nonsensical value pretty much for its entire existence. Furthermore a lot of the money going into the market is passive (401ks going straight into very top-heavy index funds), propping the largest companies up.
Pop! Pop! Pop! 💭
With the amount of money in this bubble, it would be better if slowly deflated instead popped.
Yah, lots of people also depend on the market for their futures. Pensions, 401Ks, IRAs, etc.
I don’t think that matters compared to what this crap does to the planet.
poanrt?
poanrt
planet, probably.
Bingo!
Let hope it not only stalls but vaporizes.
I hope this looser and his little leather jackets get fired no golden parachute and lives the rest of his life working retail
I hope Nvidia fcking brokes and back on his knees begging for his old clients who used to bought their gpus to buy the shitiest new version of the non improved but twice as expensive product.
If your talking about gamers, let’s be real here. They’ll lap up whatever scraps and bullshit Nvidia will give them and then thank Nvidia for gouging them.
I mean look at the recent stream surveys.
AMD is an option and many are switching. More support for AMD in linux too.
i really wish we had more that two fuckin graphics card options to choose from but that capitalism for ya.
Intel Arc = 3
Instead we have 30 versions of the same deep fried chicken sandwich.
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Hey, now, don’t knock it. Tech CEOs — particularly Steve Jobs — choosing to break with fashion trends were an important part of what made it socially acceptable to stop with the suit and tie stuff for everyone.
He’s faking it, like every boomer with a crisis.
Does this mean the AI Bubble will burst?
Never trust a man in his 70s wearing a new shiny leather coat.
Everybody knows this, right? It’s a general rule, like never accepting a ride in a white cargo van.
The deal was too sloppy.
MS’ Satya Nadella is forgetting the rule “The customer is always right.” He is trying to force customers to a product they didn’t ask for or really need along with a lot of other customer unfriendly issues like nagging to use onedrive subscriptions and forcing to sign in to a MS account to use the OS. This is seriously getting me to consider moving to linux for my next pc build.
I think the tech industry got used to people not giving a fuck as they shoveled more and more anti-features with weak “feature” reasoning to back it up (like convenience of having all your files in one place to justify continual data transfer between the device and their servers, processing audio remotely to justify sending an audio feed, “you can access your history” to justify saving the history, etc) that they are surprised that there’s pushback as it enters this new level.
