I still have yet had anyone be able to tell me exactly what value AI brings to the table, other than as customer facing chat bots they can use while firing their actual CS departments

"It's that for 15,000 years fraud and short-sighted thinking have never, ever worked. Not once. Eventually, people get caught, things go south. When the hell did we forget all that?"

I was reading a synopsis of the amount of expected AI revenue (@90B/yr) vs the capital outlay to reach that point (@1T) on assets that depreciate far faster than other capital assets, usually in 18 - 36 months. There is no way for this to be a sustainable business with that sort of economics.

We're seeing inference costs skyrocketing because the expected reductions in tokens with greater LLM efficiency and better models needed isn't happening at anything close to the curve that was expected. IE: AGI isn't happening, it's not going to happen, and unless it does, the models aren't going to get exponentially better as is needed to make this all work.

So the AI companies make money selling rocks to each other in the desert, and someone is going to be left holding the bag. Guess who that's going to be? Privatize the profits and socialize the losses.

Unsurprisingly, a guy that should probably have retired about 20 years ago is getting smoke blown up his ass by his advisors about a technology he hasn't the foggiest clue about.

And all of our retirement accounts are tied to this not-a-bubble

Of course there's earnings. It's just you don't know the company that's making money. It goes to another market so you wouldn't have seen it before.

but they actually have earnings.

Of course they have. But the spendings are bigger.

It is Palantir. I bet they are doing evil shit. The way Israel targeted public option and media to navigate what should have been quickly shut down by overwhelming public sentiment, was very abnormal from the abstract overview perspective.

Knowing all the stuff I have seen messing with my offline AI server on my hardware over the last two years, the amount of data scraped and collected by google for everyone on the internet should be more than enough to actively manipulate everyone both logically and emotionally. There is enormous political capital in that manipulative power.

I wonder how much Powell invested in the Ai bubble to say that. Dotcoms and subprimes had revenue too during their bubbles.

Hmm, when people like Powell start explaining that it's not a bubble, I hear that it's going to pop sooner rather than later. Especially when he cites "trust me, bro" as evidence.

I believe all pyramid schemes have earnings. The problem is that the bag has so far been shown to be pretty empty and somebody is going to be left holding it.

That's the exact type of thing you hear near the peak of a bubble.

These fools are lying so often and obviously that they are starting to finally lose their base. They can't even keep their own lies straight.

Pretty sure Pets.com had earnings, too.

Are the earrings in the room with us now?

Nah this is a legit shell game I swear.

Sure, these companies have earnings, but then they go burn all of it plus more on training and inference and data centers and whatever the fuck else. It's not profitable and it never will be. And yet they're willing to bankrupt the country on this egregore that Sam Altman and his ilk have created.

We need bag holders and we need them NOW!

Those things are not mutually exclusive, JP!

people were discussing this on reddit they said, the AI companies are hoping a retails(investors) sucker would be holding the bag, after they all cashed out.

huh, really?

It’s a dome

Understanding the economics of it is beyond what I can reasonably know at this time but I did read that Ryan McBeth argued that the increasingly likely war involving China in 2027 or 2028 will become instant demand for AI services under military use.

Yeah. Okay. Just cut the interest rate, and shut up.

Nvidia probably has earnings since they're making a real commodity that they sell for real money to fuel this bubble. When the other companies collapse they'll be fine.