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[–] 222 points 1 week ago (7 children)

But all that AI is coming at a massive cost to Alphabet, which disclosed that it has committed to more than $1 trillion worth of multiyear spending agreements to fund the infrastructure, energy and leases required to run AI systems.

This is the problem right here: lack of faith. Google should announce $3 trillion in new AI commitments. Stock market are just a bunch of pussies that can't clap hard enough for Tinker Bell to live.

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  • [–] 90 points 1 week ago (6 children)

    Did you see the part where their revenue was down because fewer ads were being served because people are using their stupid AI summaries instead of searches? God, these people are short-sighted.

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  • [–] 23 points 1 week ago (1 child)

    You talk about those people who had a close to a search monopoly, and to make the line go up, degraded results so people would spend more time searching (and thus being exposed to ads)?

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  • [–] 5 points 1 week ago

    If you tell someone to look something up you say “google it” even if you aren’t talking about a computer. They had the entire world by the balls and they threw it away on the actual dumbest shit.

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  • [–] 8 points 1 week ago* (last edited 1 week ago) (2 children)

    They’re betting that they can slowly start incorporating ads into those AI summaries.

    EDIT: However that’s a losing bet as anyone can get a local model that can do a search like that without the enshittified model.

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  • [–] 3 points 1 week ago*

    There's also been a multiyear trend of dropping ad sales overall, especially with higher quality companies. Meaning they need far more impressions of the same buyers to make ends meet.

    They are all experiencing a recession, hidden by the Ai bubble, so the only people buying ads are lower quality scam companies, gambling and other bullshit. These are less sustainable clients that can vanish at any moment.

    Ads targetting people who cant afford to buy things are also not super viable.

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  • [–] 216 points 1 week ago* (last edited 1 week ago) (25 children)

    I know the article is about google, but the bit about caterpillar is insane.

    The bleeding even spread beyond the tech sector, as shares of the construction equipment giant Caterpillar — a key supplier of the machines required to build data centers — plunged 9.2% on Thursday. Caterpillar’s recent earnings report revealed that its revenue beat Wall Street expectations but by less than many traders had hoped.

    So, their earnings beat expectations, but they didn't beat the expectations for how much they'd beat expectations, so the share price went down.

    What is even going on at this point?

    😵‍💫 1
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  • [–] 90 points 1 week ago (5 children)

    Welcome to stock market, where the stock price is based on expectation instead of how well the company actually doing. There could be profit but if the profit is slightly less than last quarter, the day traders all gonna throw their baby tantrum.

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  • [–] 25 points 1 week ago

    Not to mention as much as this stock fall is "a big deal" it's just fallen to where it was back in March. And of course that March fall was also a singular moment, because before that were just back to October 2025.

    So sure, they've lost a year of stock growth, and in a world of "line must go up" falling back a year of stock growth isn't nothing... But it's also far from the end of the world.

    Which is all to say, Google's fine in the long run. Day traders don't look at the long run, so for the moment "panic", but ultimately it'll pass.

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  • [–] 7 points 1 week ago (1 child)

    @psx_crab @plenipotentprotogod it is beyond insane, but this is the truth. It is little more than gambling at this point (it always was but at least was tied to some kind of reality).

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  • [–] 1 point 1 week ago

    And that's fine. It incentivizes some weird behavior, but there can be rational strategies that work in that environment, not only the deranged herd behavior that we see during speculative bubbles such as this one. And there are even worse methods of allocating money to investment opportunities (for example, politicians picking winners).

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  • [–] 45 points 1 week ago (2 children)

    Yet Tesla can do absolutely fucking nothing and then do a Nazi salute and shares go up 50%

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  • [–] 16 points 1 week ago*

    You own land, and you decide to plant it full of one type of crop because the forecast promises you an excellent harvest. You don't have money, so you get a deposit from people buying the crop, in return of a certain share of the harvest. But most people that did so actually believe the forecast was very conservative and the crop will end up even bigger, so they'll expect more than you promised.

    Then the forecast changes, and the harvest might end up smaller, and much smaller than the people expected. Some want their deposit back, but to do so they have to sell that share to someone else, but they buy it with the current forecast and demand, and pay way less for it.

    People buying Caterpillar expected for a massive construction boom. Any kink to that forecast is going to cause some people to reconsider and pull their money to the next potential company able to fly to the moon.

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  • [–] 14 points 1 week ago

    This exact thing has been driving me crazy for like a decade now. Say a company makes $1 billion in profit one year, and the next year isn't as good but they make $800 million. Still a very profitable company, but because it was less then the year before it's considered horrible and the company is basically going out of business.

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  • [–] 7 points 1 week ago

    So, their earnings beat expectations, but they didn't beat the expectations for how much they'd beat expectations, so the share price went down.

    That's why I always say that big shot, institutional investors are a bunch of cunts. They always think in short term. That's why I am in favour of half year earnings report so that there is less pressure for companies to think in three months time.

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  • [–] 7 points 1 week ago (4 children)

    They are making less off of AI overviews than traditional ads, but their AI buildout costs are increasing, which is ass backwards. I don't know if it was in their report but they also supposedly don't have a strategy for making their customers pay for AI use.

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  • [–] 17 points 1 week ago (2 children)

    They are making less off of AI overviews than traditional ads, but their AI buildout costs are increasing

    Not but, it's and

    Their ad revenue plummeted, because the AI summary costs money each search and also leads to fewer clicks (because people often take the AI answer), meaning Google ads, the core of their business, are not being seen on web sites

    Also, they continue to invest crazy amounts in AI data centers (despite being significantly behind in LLM quality)

    But that's really just a piece of the puzzle, the simple answer is they are not only going all in on AI, they're also destroying the one massive profit center that keeps all their other projects afloat

    You love to see it

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  • [–] 5 points 1 week ago

    This also points out how the AI bubble is affecting the economy far beyond the tech sector.

    Construction equipment used to be used for other things, not just building datacenters. But, since the start of the AI bubble, almost everything else has slowed down because they're dedicating so much construction equipment and workers towards building datacenters.

    https://futurism.com/future-society/data-center-spending-ai-bubble-construction

    In just 1 year, construction work on DCs has gone up by 64.5%. And, that's from 2025 to 2026. It's not like it was at a standstill in 2025. Meanwhile, residential construction is down significantly. And, there has been a 25% cut in construction related to manufacturing.

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  • [–] 78 points 1 week ago (9 children)

    I for one look forward to the humorous Adam McKay movie explaining how we all lost all our pensions over this.

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  • [–] 16 points 1 week ago (5 children)

    Wonder who will be in the bathtub explaining it this time

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  • [–] 64 points 1 week ago (1 child)

    I asked chatgpt, it said this is fine.

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  • I asked my penis, she said start using the bitch. I said I beat you daily and she starts talking about ass and pussy and it's like I might be the second coming but I ain't no miracle worker, aight? Fucking get off my dick already, you fucking dick, amirite?

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  • [–] 59 points 1 week ago (3 children)

    My car got gemini and now I cant get it to play tambourine man by bob dylan

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  • [–] 57 points 1 week ago (4 children)
  • [–] 8 points 1 week ago (2 children)

    More ketamine, I must have. Crashed my Honda Civic, I did. Looking forward to withdrawals, I am not.

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  • [–] 4 points 1 week ago (1 child)

    If yoda is in a K-hole, would he speak normally because he is not human or just have normal khole symptoms.

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  • Yodas dialect is just old as dirt and it shifts in and out depending on how much of ass he is being. Presumably much like real accents and dialects it probably gets noticeably thicker the higher he is, for example I have a weird mix of dialects from my region so when tired enough I sound like a Okie with a brogue thrown in.

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  • [–] 57 points 1 week ago (4 children)

    anyone notice their search engine enshittify with dates? an advance search let you search between points in time, like between 2010 and 2012 specifically. you can't do that anymore. other search parameters are gone. along with renaming lake ontario it's the equivalent of history book burning.

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  • [–] 7 points 1 week ago

    they did away with that around the same time they removed it from YouTube. probably because they knew people weren't going to read/watch AI generated bullshit.

    jokes on them, I still found ways to search YouTube between dates.

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  • [–] 45 points 1 week ago
    [–] 40 points 1 week ago
    [–] 78 points 1 week ago

    Amaze amaze amaze! ❤️❤️❤️

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  • [–] 37 points 1 week ago (3 children)
  • [–] 32 points 1 week ago* (last edited 1 week ago) (5 children)

    Shares of Google parent company Alphabet sank Thursday by 12.6%

    Okay, unlike most drummed up bullshit articles that make big noise over minor fluctuations, this ain't nothing.

    Anyone know what happened?

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  • [–] 9 points 1 week ago* (last edited 1 week ago) (2 children)

    Edit: My bad, misread what the previous poster wrote. The explanation is still valid, though.

    If you look at their historical price chart, what you call a "minor fluctuation" this is one if not the largest price changes in both absolute and relative terms of at least the last 5 years.

    Also the trading volume was the largest since 2016.

    Basically you're looking at an elephant and calling it a mouse.

    It makes sense that a 12.6% stock price movement is a big thing for a company with that market cap and liquidity, since it has way less volatility that smaller companies because it takes way more money to move its price a mere 1%, plus the high liquidity means that the trading stack is far deeper and it's way harder for there to be a crunch because you can always find people willing to buy if the price falls enough (or, on the other direction, willing to sell if the price rises enough).

    This ain't Joe's Corner Shop Inc.

    That said, the price is still above a year ago, though by a mere 0.83%, so whilst this is a big price movement, it's far from having unwound the AI bubble stock price rise for Google - looking at its full historical price chart and roughly projecting the historical trend to present day, Alphabet stock price would have to fall around 50% more to return to historical trend and that's assuming that without the AI bubble it would have continued to go up as before rather than reduce to the typical growth rates of mature companies.

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  • [–] 4 points 1 week ago (1 child)

    I didn't call it a minor fluctuation - I called it the opposite. By minor fluctuations I was referring to articles that say "Google lost X billions from its market cap", then you look inside and you find a 1% move. 12% seems very significant, and thanks for your explanation of why that's significant.

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  • [–] 2 points 1 week ago

    There was an article out about how ai search is 5 time more expensive than standard search, not sure where I saw it, but the whole stock market is basically gambling anyway, unless you have some kind of insider knowledge

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  • [–] 29 points 1 week ago (5 children)

    But it's not a bubble, right?

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  • [–] 4 points 1 week ago (4 children)

    It clearly is a bubble. But that doesn’t automatically mean AI is useless. The .com bubble was the biggest of them all, but lots of companies survived and business largely moved online. The data centres (which nobody likes but which is clearly providing some value to somebody, whether we like it or not) don’t disappear overnight if the bubble bursts.

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  • [–] 11 points 1 week ago (2 children)

    The AI bubble is bigger than the dotcom bubble. It's bigger than the subprime bubble. We are still living in the wreckage of that bubble, 18 years later.

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  • [–] 10 points 1 week ago* (1 child)

    It's even more "funny" that just that: there are several bubbles going on right now, not just the AI, most notably a massive realestate bubble and also bubbles in things like car loans in the US.

    Further, consumer indebness is again at record levels, worse even than 2007.

    In other words, it's like a mix of the dotcom bubble (this time around with a tech stack that delivers at best a lower return on investment than the Internet) AND the 2007 bubble of overvalued realestate and people deep in debt (with the personal finances of most people worst on this side of 2007 than they were on the other side so there's a higher probability of defaults) AND a bunch of smaller unpopped bubbles all over the place.

    I expect that when one of the big ones goes the resulting consumer retrenchment and pullback from both lenders and investors is going to cause the other bubbles to blow up (as loans are recalled, not rolled over or defaulted on, consumption falls and investors desperatelly try to exit their riskier positions) and the full result will be at least as bad as 2000 and 2008 combined, possibly worse.

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  • [–] 10 points 1 week ago

    Never said it wasn't lol. But the way that narcissitic capitalists are rewarded by capitalism is why the implementation is the issue.

    The only value being provided are to the billionaires who continue to get more wealthy to a point in which they literally control politics without being elected.

    And just like the 08 recession they're going to try their damndest for the only form of socialism they support: corporate socialism. Privatize the gains, and in this case, socialize the losses. They're going to seek bailouts so that when their circular financing crumbles they drift down on golden parachutes while our tax dollars fund them, the burning of our atmosphere, the contamination of our air, our drinking water, and our very minds as their sycophancy psychosis machines run rampant and delude people into entirely false realities.

    Motherfuckers socialized their own sycophancy, they insulated themselves with greedy yes men who just want their money. They then built machines that do the same to us, isolating us and agreeing with every idea we have.

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  • [–] 26 points 1 week ago (1 child)

    Maybe they should fire couple more stuff.

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  • [–] 22 points 1 week ago

    👍👍👍

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  • [–] 41 points 1 week ago (6 children)

    Can't believe stealing all the Reddit comments didn't make Gemini the smartest bot on the Internet!

    Good thing they also sabotaged their ad revenue to do it!

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  • [–] 6 points 1 week ago (5 children)

    thats why Google is pressuring reddit to force logins, they need to make more human generated content.

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  • [–] 6 points 1 week ago (2 children)

    What makes that funny is the bots will log in to comment but people won't

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  • [–] 9 points 1 week ago (1 child)

    They banned all of us… I know I’m among many other early Reddit users who were considered “power users” by Reddit’s own metrics, many of us were purged early. I hit the front page several times when it was still a “big deal” and was very active in comments. If they wanted more content and input they shouldn’t have banned people like me who were actually making the place human

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  • [–] 3 points 1 week ago

    i heard on the subs, that when they were forcing the login popup a few months ago, people were lurking so they dont get banned on thier only account.

    i dont think they even relaxed thier filters that much, they arnt willing to give up thier ai moderation, or sensitive filters but still want user generated content. they should choose one. now google/open ai, seeing they are scraping thier AI generated data.

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  • [–] 20 points 1 week ago

    Their worst day so far.

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  • [–] 19 points 1 week ago

    Not enough. I want them burning. I want their CEOs, the Epstein class, strapped to the walls and the people pissing on them.

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  • [–] 18 points 1 week ago (1 child)

    it’ll be back next week; they’re a blue chip and will probably start injecting ads into ai anyway

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  • [–] 17 points 1 week ago
    [–] 16 points 1 week ago

    Rookie numbers. I’d love to see this doubled.

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  • [–] 40 points 1 week ago (1 child)

    We're gonna see a bloodbath as the whole thing teeters over the edge and then falls. Trade wars, real war, stupid decisions from an orange asshole. It'll all add up. We're about to be cooked.

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  • [–] 14 points 1 week ago

    Awwwwww. So cute. More please.

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  • [–] 13 points 1 week ago

    good. price of evil

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