▲ 315 ▼ Sam Altman and Dario Amodei are both walking back their AI jobs apocalypse prophecies as they eye blockbuster IPOs (fortune.com) submitted 5 months ago by inari@piefed.zip to c/technology@lemmy.world 51 comments fedilink hide all child comments
[–] vk6flab@lemmy.radio 113 points 5 months ago (10 children) Can we please have the bubble burst before the IPO? permalink fedilink source hideshow 10 child comments replies: [–] msage@programming.dev 37 points 5 months ago (8 children) Lol, are you poor or something? There is so much money sucked into that black hole, that it needs to siphon it from the retirement funds and poors investments. Banks are not going to be holding the bag, my friend. permalink fedilink source parent hideshow 8 child comments replies: [–] Dead_or_Alive@lemmy.world 8 points 5 months ago (2 children) Yeah it’s all a scam. They need the money not just from pension plans but from all the people who are in 401Ks to make this work. Hence the rule changes allowing it to skip the standard wait times and profitability metrics to be listed as part of the be part of the top indexes so that most popular ETFs that make up most 401k funds will be required to carry them. It’s all a fucking scam to get other little guys money. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 4 points 5 months ago (1 child) Having retirements as hostage is one of the worst things in our society right now. permalink fedilink source parent hideshow 1 child comment replies: [–] Dead_or_Alive@lemmy.world 2 points 5 months ago I agree this market seems over bought. We are already seeing lower breath in the market and all of these trillion dollar IPOs are going to suck the liquidity out of the market making it worse. I’ve sold almost everything and I’m sitting in bonds at least until the EOY or if there is a major correction. permalink fedilink source parent [–] vk6flab@lemmy.radio 13 points 5 months ago (4 children) I want to make sure that the schmucks who financed this abomination in the first place pay dearly for it, rather than fleecing the subsequent hapless small investors and the rest of society who don't understand and will buy into the hype. permalink fedilink source parent hideshow 4 child comments replies: [–] greyscale@lemmy.grey.ooo 17 points 5 months ago (3 children) The IPO means they'll be listed in things like the S&P 500 which means they'll get automatic investment from our pension funds and the like. Someone needs to do the needful. permalink fedilink source parent hideshow 3 child comments replies: [–] vk6flab@lemmy.radio 8 points 5 months ago With a little luck it will experience a "Rapid Unscheduled Disassembly" before the IPO 😁 permalink fedilink source parent [–] StillAlive@piefed.world 4 points 5 months ago And the rule to fast track these IPOs to indices was recently approved. American voters, tell us again how both parties are the same. permalink fedilink source parent [–] aesthelete@lemmy.world 2 points 5 months ago Someone needs to do the needful Kindly, please. 🙏 permalink fedilink source parent [–] Flower@sh.itjust.works 15 points 5 months ago Meanwhile musk is racing to do his huge IPO to suck up all investor cash before Altman can get to it. They're all trying to cash in before the bubble pops, so the damage will be done and it'll be painful. permalink fedilink source parent
[–] msage@programming.dev 37 points 5 months ago (8 children) Lol, are you poor or something? There is so much money sucked into that black hole, that it needs to siphon it from the retirement funds and poors investments. Banks are not going to be holding the bag, my friend. permalink fedilink source parent hideshow 8 child comments replies: [–] Dead_or_Alive@lemmy.world 8 points 5 months ago (2 children) Yeah it’s all a scam. They need the money not just from pension plans but from all the people who are in 401Ks to make this work. Hence the rule changes allowing it to skip the standard wait times and profitability metrics to be listed as part of the be part of the top indexes so that most popular ETFs that make up most 401k funds will be required to carry them. It’s all a fucking scam to get other little guys money. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 4 points 5 months ago (1 child) Having retirements as hostage is one of the worst things in our society right now. permalink fedilink source parent hideshow 1 child comment replies: [–] Dead_or_Alive@lemmy.world 2 points 5 months ago I agree this market seems over bought. We are already seeing lower breath in the market and all of these trillion dollar IPOs are going to suck the liquidity out of the market making it worse. I’ve sold almost everything and I’m sitting in bonds at least until the EOY or if there is a major correction. permalink fedilink source parent [–] vk6flab@lemmy.radio 13 points 5 months ago (4 children) I want to make sure that the schmucks who financed this abomination in the first place pay dearly for it, rather than fleecing the subsequent hapless small investors and the rest of society who don't understand and will buy into the hype. permalink fedilink source parent hideshow 4 child comments replies: [–] greyscale@lemmy.grey.ooo 17 points 5 months ago (3 children) The IPO means they'll be listed in things like the S&P 500 which means they'll get automatic investment from our pension funds and the like. Someone needs to do the needful. permalink fedilink source parent hideshow 3 child comments replies: [–] vk6flab@lemmy.radio 8 points 5 months ago With a little luck it will experience a "Rapid Unscheduled Disassembly" before the IPO 😁 permalink fedilink source parent [–] StillAlive@piefed.world 4 points 5 months ago And the rule to fast track these IPOs to indices was recently approved. American voters, tell us again how both parties are the same. permalink fedilink source parent [–] aesthelete@lemmy.world 2 points 5 months ago Someone needs to do the needful Kindly, please. 🙏 permalink fedilink source parent
[–] Dead_or_Alive@lemmy.world 8 points 5 months ago (2 children) Yeah it’s all a scam. They need the money not just from pension plans but from all the people who are in 401Ks to make this work. Hence the rule changes allowing it to skip the standard wait times and profitability metrics to be listed as part of the be part of the top indexes so that most popular ETFs that make up most 401k funds will be required to carry them. It’s all a fucking scam to get other little guys money. permalink fedilink source parent hideshow 2 child comments replies: [–] msage@programming.dev 4 points 5 months ago (1 child) Having retirements as hostage is one of the worst things in our society right now. permalink fedilink source parent hideshow 1 child comment replies: [–] Dead_or_Alive@lemmy.world 2 points 5 months ago I agree this market seems over bought. We are already seeing lower breath in the market and all of these trillion dollar IPOs are going to suck the liquidity out of the market making it worse. I’ve sold almost everything and I’m sitting in bonds at least until the EOY or if there is a major correction. permalink fedilink source parent
[–] msage@programming.dev 4 points 5 months ago (1 child) Having retirements as hostage is one of the worst things in our society right now. permalink fedilink source parent hideshow 1 child comment replies: [–] Dead_or_Alive@lemmy.world 2 points 5 months ago I agree this market seems over bought. We are already seeing lower breath in the market and all of these trillion dollar IPOs are going to suck the liquidity out of the market making it worse. I’ve sold almost everything and I’m sitting in bonds at least until the EOY or if there is a major correction. permalink fedilink source parent
[–] Dead_or_Alive@lemmy.world 2 points 5 months ago I agree this market seems over bought. We are already seeing lower breath in the market and all of these trillion dollar IPOs are going to suck the liquidity out of the market making it worse. I’ve sold almost everything and I’m sitting in bonds at least until the EOY or if there is a major correction. permalink fedilink source parent
[–] vk6flab@lemmy.radio 13 points 5 months ago (4 children) I want to make sure that the schmucks who financed this abomination in the first place pay dearly for it, rather than fleecing the subsequent hapless small investors and the rest of society who don't understand and will buy into the hype. permalink fedilink source parent hideshow 4 child comments replies: [–] greyscale@lemmy.grey.ooo 17 points 5 months ago (3 children) The IPO means they'll be listed in things like the S&P 500 which means they'll get automatic investment from our pension funds and the like. Someone needs to do the needful. permalink fedilink source parent hideshow 3 child comments replies: [–] vk6flab@lemmy.radio 8 points 5 months ago With a little luck it will experience a "Rapid Unscheduled Disassembly" before the IPO 😁 permalink fedilink source parent [–] StillAlive@piefed.world 4 points 5 months ago And the rule to fast track these IPOs to indices was recently approved. American voters, tell us again how both parties are the same. permalink fedilink source parent [–] aesthelete@lemmy.world 2 points 5 months ago Someone needs to do the needful Kindly, please. 🙏 permalink fedilink source parent
[–] greyscale@lemmy.grey.ooo 17 points 5 months ago (3 children) The IPO means they'll be listed in things like the S&P 500 which means they'll get automatic investment from our pension funds and the like. Someone needs to do the needful. permalink fedilink source parent hideshow 3 child comments replies: [–] vk6flab@lemmy.radio 8 points 5 months ago With a little luck it will experience a "Rapid Unscheduled Disassembly" before the IPO 😁 permalink fedilink source parent [–] StillAlive@piefed.world 4 points 5 months ago And the rule to fast track these IPOs to indices was recently approved. American voters, tell us again how both parties are the same. permalink fedilink source parent [–] aesthelete@lemmy.world 2 points 5 months ago Someone needs to do the needful Kindly, please. 🙏 permalink fedilink source parent
[–] vk6flab@lemmy.radio 8 points 5 months ago With a little luck it will experience a "Rapid Unscheduled Disassembly" before the IPO 😁 permalink fedilink source parent
[–] StillAlive@piefed.world 4 points 5 months ago And the rule to fast track these IPOs to indices was recently approved. American voters, tell us again how both parties are the same. permalink fedilink source parent
[–] aesthelete@lemmy.world 2 points 5 months ago Someone needs to do the needful Kindly, please. 🙏 permalink fedilink source parent
[–] Flower@sh.itjust.works 15 points 5 months ago Meanwhile musk is racing to do his huge IPO to suck up all investor cash before Altman can get to it. They're all trying to cash in before the bubble pops, so the damage will be done and it'll be painful. permalink fedilink source parent