- cross-posted to:
- artificial_intel@lemmy.ml
- cross-posted to:
- artificial_intel@lemmy.ml
You must log in or # to comment.
Nvidia announced that it would invest $100 billion into OpenAI, OpenAI announced that it would pay $300 billion to Oracle for computing power, and Oracle announced it would buy $40 billion worth of chips from Nvidia.
I can’t help but feel like we both just ate shit for nothing." “That’s not true”, responded the second economist. “We increased the GDP by $200!”
Except the way it actually works is Larry, Jensen, and Sam keep the money while the rest of us eat shit.
Is anyone going to talk about how the amounts don’t remotely match up? If you just cancel them all out, you still get Open AI buying $160 billion in Oracle compute.
For those of you cheering for the AI bubble to pop…
AI investments now accounts for about 40% of the United States’ GDP growth in 2025, and AI companies are responsible for 80% of growth in American stocks.
…are you not scared shitless?
This is not the dotcom bust, and it’s far fucking worse than the 2008 housing crisis. And to think when I was young the Savings and Loan crisis was a big deal. We’re on the edge of Great Depression 2.0.
Are you not scared shitless?
No.
I’m too fucking stupid.
I personally prefer to rip off the band aid than let it stink and get it infected. I’m scared for the time remaining before the pop. This shit is intolerable. Let it “pop”. Let it burn.
It would be interesting to know how many resources this growth has taken from others places…
As for now it don’t seems that AI has generated a profit for the companies that bring it to the market and it seems it will not do it even in the near future, so I assume the question is: how many years can your economy be sustained by a sector that is not generating any revenue and is absorbing a monstrous amount of resources ?
We are not talking about a single company (like Amazon back at the time), do you really think that even when Ai will start (if ever) to generate profits these will be able to repay all the investements done today ?
FWIW, part of the OpenAI investment process is signing something to say that you understand that you’re unlikely to get any return on your investment and that you consider it more akin to a donation
I would think that this warning, in a way or another, is true in every kind of investment, even my bank’s personal investment have something like it.
Not framed like that. You have to acknowledge that investments can depreciate rather than appreciate and that you may lose your money, sure. That’s very different to saying that you acknowledge that you probably will lose your money and that you consider your investment a donation.
I think that this is just a technical difference based on what you are investing into.
A personal bank’s investement is a different thing than a investement in a startup, with different level of risks and revenue.VCs typically want a return on their investments
With a bank investement I get something back, even if less than what I invested. Could OpenAI pay back even half of what received ?
Which send us back to the starting point: what will happen when the VCs will start to ask for their money back or for their share of the revenue ? Inevitably the bubble will pop.
We’re fucked. No point being scared of something we have no control over. A few rich men will come out of this ahead, and the rest of us will fight over the scraps, lose our homes, and starve. 🤷♂️
You have control, you just refuse to risk your lifestyle by exercising it.
Oh true, lemme just saddle up and fix the US economy myself 👍
The best thing about this shit show is el spastico’s trade war having readied other countries for hard times and pushed them to diversify and make new trade deals. The US deserves its suffering completely, and now they will drag the world down less when they shit the bed.
Serious question: what if I am, and have no idea how to prep for it?
My pension and other things are tied up in stocks and such, if there’s a crash coming I’d think cash under the pillow would be better than stocks. But how do you do that, with your pension?
I think you should only be scared if you own AI stocks and I would guess not a whole lot of common people can even afford to invest in stock. Let those rich idiots lose their money. Maybe they will learn a lesson
Unfortunately, stocks tend to move in sympathy with each other due to various factors, such as large ETFs and algorithmic trading. Natural price action is kind of broken at the moment.
Oh no, we won’t be able to afford houses or rent or save for retirement or- hang on just a second…
Wait, we already can’t do those things, and the last thing I want to do is, once again, validate the existence of people I would prefer to see in little pieces scattered all over the street for all the pain and suffering they’ve caused just to get a little more money on top of their billions.
Guessing you have no idea what the Great Depression was like. My parents grew up in it.
Great Depression: 30% unemployment
2008 crisis: 4.2% economic contraction
If you think modern America is bad now, boy oh boy, you’re about to get an education on how bad it can really get.
You are right, but you are comparing apples with oranges here, what was the Great Depression economy contraction ? Or what was the unemployment rates in 2008 ?
Ok? And this is relevant how? I’m Canadian, so pretty tied to the US’s bullshit at the moment, but damn where’s this US bravery I keep hearing so much about?
Deflection isn’t going to solve your problems.
We’re fucked. No point being scared of something we have no control over. A few rich men will come out of this ahead, and the rest of us will fight over the scraps, lose our homes, and starve. 🤷♂️
reads title of article
Verbally said “god I hope so.”Then I read the article, and now I’m just thinking I hope it all burns immediately. I want to see the data center fires from my house.
Have you seen this?
I’m at work right now but holy @#%^ that’s one hell of a title. I’ll be sure to check it out when I can.
I’ll just offer some facts as a counterpoint to the prevailing narrative here.
My employer, a major multinational tech company, is pushing AI use internally so hard it hurts. After studying it they announced it was saving our software engineers about 4 hours a week net, or half a day. Thats as of now with adoption still growing and new tools being explored constantly. Half a day weekly is 10% of our software engineering budget which is a large number, and the company will without a doubt pay a significant sum to continue getting that benefit to get more out of their staff, who are their biggest cost of doing business.
I live in the dissonance between, on the one hand, the narrative in places like Lemmy that AI is shit and doesn’t do anything right and these companies have no monetization plan, and on the other hand, seeing it dramatically change my enterprise workplace and provide real value.
Yes engineers are confirming to my very own ears that they are using AI tools and they have their uses and save them time and toil. For example, we had one version update to push through hundreds of teams all with disparate front end code, and it was not possible to just script the update for them all because custom integration work would always be needed, but we did come up with a prompt that could use a set of documentation and entity mappings to accomplish the update in under a minute with a high rate of success. This is just how things are staring to get done. It hasn’t replaced engineers, but it is fast becoming one of their most powerful tools.
Lemmy users dont know shit about how Ai is used. Most are probably still in school. :) My experience is the same as yours - companies are pushing for Ai because it allows employees to work faster and get more done. Significantly so.
I can ask it to create a script to do a task that would have taken hours or days to put together. Things like that are major wins and very, very easy to do.
I frequently ask it to compare tools as well, saving days or weeks of work. Whoever says this technology is not useful is just not using it right.
That being said, making money from this is the question. Companies are subscribing their employees to this stuff, so I think revenue is going to go way up in the coming years, not just from buying chips, but from companies paying for Ai models for their employees.
Any company still doing manual work is gonna be much much slower than the others.
I think the Lemmy perception of AI boils down to just a few things:
- but it hallucinates!
- I hate tech bros
- but the MIT report!
Of course there’s more, like underlying fear of losing jobs, stealing from artists, and being dehumanized in general.
I happen to care a lot about those things too, but ranting on about 1-3 doesn’t actually help and is just people repeating each others points in a circle jerk. Meanwhile AI is on the move.
