msage comments on Sam Altman and Dario Amodei are both walking back their AI jobs apocalypse prophecies as they eye blockbuster IPOs

[–] 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.

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[–] 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.

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[–] 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.

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[–] 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.

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[–] 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.

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