Stock Market Today: Dow, S&P 500 and Nasdaq set for mixed start after AI carnage led to worst day for techs since 2020; jobs report on tap: live updates

The basics of regulations get mentioned and stocks go down. That brings a smile to my face

It has got to be banned in educational settings as soon as possible. Then start drafting regulations for it as a whole.

Ok, but did they have to use Trump's "superintelligence" pet word in a sentence?

This tweet did nothing. The "AI" "industry" has always been a house of cards with none of the major players (outside of the chipmakers) coming anywhere near profitablity. This correction was overdue, investors were just looking for a sign and some are just using the excuse of democrats to finally get out.

Can I just say that this is blaming the prosecutor for going after the people that did crimes. She did not pop the bubble. They created the bubble by stealing creatives work and then firing all the creatives. Their enablers were fired, it was going to happen this week.

FYI, Schumer & Jeffries will not do any of this.

Just imagine sending them all into bankruptcy so deep they have to sell off 2/3rds of their properties to dozens of smaller firms, OMG IM CLOSE

I'd rather see regulations on how data centers are made, powered, cooled, and maintained. The IP stuff is only an issue because copyright is wielded against individuals and small business by organizations that regularly flaunt the rules. Copyright needs a complete restructuring and has at least since Disney completely fucked it 50 years ago.

Here's a transcript:

nixCraft@mastodon.social: The tweet that crashed NASDAQ and AI stocks in the US and Asia. Lmao. I say bring on aggressive regulations for this AI bullshit. The first step must be forcing them to prove they obtained explicit permission for every single word, code and image they stole from others. We need to claw back every single penny from Google, Microsoft, OpenAI, Anthropic and the rest who stole data to train their shitty AI. They were so happy so see job losses and acting like brats. Fuck all of them

Congresswoman Yassamin Ansari: Top of the Democratic agenda on day 1 needs to be a pause on advanced AI development, regulation of this out of control industry, and a ban on artificial superintelligence.

The AIs they created were and are also basically the largest scale of fraud ever perpetrated on the people of the world. They told us it was intelligent. They told us it was super-intelligence. They told us it was conscious. They told us it was learning on their own. They told us it could do anything we ever dreamed of. They told us it would do all our jobs. They told us it was dangerous. They told us it could destroy the world. They told us that our enemies would use it. They told us it would accelerate exponentially. They told us it was the future.

It was all a scam, a disingenuous, dishonest fraud to bilk investors, governments, and ultimately the people of the world out of money that could've saved, fed, clothed, housed, healed, protected and supported millions, money that could've been used to slow down climate change, money that could've been used to deliver justice. Instead used to pile electronics into huge concrete boxes so they can burn fossil fuels for no good reason using loans to cover the losses of actually providing the services just so the illusion of these things being useful can be maintained. The money was just burned, tossed into jet turbines and turned into greenhouse gases and nothing else of value. Instead of helping with climate change, they contributed to it. For nothing. For selfish, myopic, temporary vanity.

We will never get that money back. We should try to claw it back from the crooks and the liars who took it, but I'm not naive, it won't work. They will not make amends. They won't be punished, not meaningfully. They are too big to fail. The economic growth must go on, no matter how fictional. The money is gone. And a big chunk of our future with it.

What a waste.

The fact that she called it superintelligence bothers me.

Damn straight!

Let's just go forward on the premise they stole everything and thus all output from them is public domain, majority ownership of the AI companies should belong to everyone and use the money it earns from corps who use it to replace workers to pay everyone a universal basic income instead.

Please fuck yes.

That should also happen to every single AI booster or any person that used AI for profit, and even for any person that used it "recreatively", because they are complicit in all the environmental, economic, human, and animal harm that AI, and the people behind it, have caused.

The retaliation must be relentless and merciless, because that is exactly how those bastards were.

First thing they should do is replace their leadership and get some people who actually know how a computer works. Everything else would follow.

I agree with the comment by nixCraft@mastodon.social.

Forcing them to prove they obtained explicit permission for every single word, video, code and image they stole from others.

You may hate AI here. I hate the current IP regime even more. What the quoted means in practice is giving more power to the big publishers. YouTube's is already bad enough. How easy can you ask permission from them every time you make unofficial art?