On Friday, reporters asked Trump if he was concerned about an "AI bubble."
"No, I love AI," Trump said. "We're leading China, we're leading the world."

On Friday, reporters asked Trump if he was concerned about an "AI bubble."
"No, I love AI," Trump said. "We're leading China, we're leading the world."

If only the AI could have given them a heads up.
Just as accurate as tarot cards...
Sorry, you want the Tower here.

It’s one of my favorite cards for symbolism, because the story is so apparent on the card. People jumping out of a burning building to their peril.
Hey man, I do tarot, read it, then ask my AI what it thinks. It feels real.
/s
…no but for real, I like do draw tarot, and the AI has helped me get better at reading. It’s for funsies; I don’t take it seriously.
Yeah bro, I burnt a forest down yesterday, but it's cool, I did it for the funsies
What deck is this from?
It’s from Grant Morrison’s Nameless https://retcon-punch.com/2015/06/12/nameless-4/
In fairness this could happen so fast, the market completely destroyed by ai traders working at the speed of silicone, a warning could come way in advance yet impossibly late.
Holy shit. That’s almost one Elon Musk’s Salary dollars
That's more or less how I deal with any economic numbers these days. Just one mans salary. No big deal.
He eventually buys up all ai companies for nickels on the megadollar and copy strikes all unauthorized ai providers.
The only resistance left is the decentralised group of people running outdated and decensored LLM's for erotic RPG.
We're doomed
It always amazes me just how stupid all these billionaires actually are. It just highlights the fact that they did not actually "earn" that wealth, in the first place. If it were truly a matter of talent and skill, they wouldn't be crashing the economy every five to ten years...but here we are, for the fifth(?) time in the last few decades?
You may think it's stupid but these people are still going to make ass loads of money out of this entire ordeal. Because the entire system is rigged in their favor.
Crashing the economy is only stupid if you don't have enough liquidity to capitalize on it. That or if you actually give a shit about people.
The crashes are deliberate. It allows them to scoop up infrastructure for pennies on the dollar. It's not a coincidence that the largest ever upward transfer of wealth occurred during COVID. That was the elite consolidating their holdings. And evidently, they're not exactly satisfied yet and want even more.
They aren't stupid, they are gambling and they toss their weight to stack the bet in their favor long enough so that they can cash out and not be left with the bag when it crashes.
Every recession, richs get richer and we get poorer.
We really need to find a way to make the billionaires fight each other again.
Are they really stupid if they make billions?
Yes. Exploitation apparently doesn't require intelligence. Just a total lack of empathy.
In a way it requires you to be an apex predator of your own species. They are necessarily stupid but greedy and psychosocially fucked. Maybe smart in certain ways but blindingly stupid in others. And also cannibals, which occurs to me now, since they basically hunt and consume the essence of poorer humans. Can we make that cannon?
When I lose hundreds of billions of dollars, I have to go to bed without supper.
From the article:
Nvidia declined 7%, Oracle, and AMD dropped 8.8%, Meta and Microsoft dropped around 4%.
These are amounts that stocks often fluctuate. Percentages are what matter. Phrasing it as a big dollar value was lost is always manipulative framing.
The market is big. There are more than a few shares. A small change becomes a big number when multiplied by the size of the entire market. $800 billion is basically meaningless.
The numbers are fake anyway. Market cap is the value if all existing shares were sold at the current price. Nonsense. Selling all the shares would change the price in some way.
Never have I seen greater evidence that the ultra-wealthy are fundamentally catastrophic for the economy.
Aside from the last like 100 billion pieces of evidence that came before this well predicted one.
Oh Let it burn, let it burn, let it burn, oh won't you let it burn, oh won't you won't you let it burn, oh let it buuuuurn oh won't you let it burn, oh won't you let it buuurn! 🎵
Honestly, I gotta hand it to Apple. They never jumped on the hype train for AI as bad as all these other companies because they were smart enough to realize it was temporary and they are just chillin' right now. Sure they did a few things here and there, but they didn't try and change their entire business model around AI. When this bubble does pop, I'm sure Apple will be the one on top again.
I think it was unintentional. They didn’t hop on in time and were left behind. Then they tried rushing and put out a half baked AI product. And now they’re using Gemini for their AI because they can’t catch up.
Apple has invested heavily in infrastructure that will make every iPhone and app on the store transparent to an AI running on bespoke silicone designed for the task. Much like Windows, Apple foresees a future where AI is a substitute for the GUI.
https://www.archyde.com/apples-ai-integration-a-deep-dive-into-iphones-future/
What happened was they did the standard thing of being really far behind in terms of software and were not able to compete. Apple is not a software company it's a hardware company with delusions of grandeur. If a software feature is good enough they'll eventually steal it and claim that it's some major innovation on their part but they will never get away from the fact that they brought the atrocity that is iTunes into the world.
was it a clever tactical ploy to avoid the AI hype train? Or was it that Apple’s culture just can’t pivot fast enough to successfully operationalise new/emerging technologies?
Apple is always a decade behind, though. It isn’t an innovator anymore.
i believe apple dint capatilize early thats why they are behind and not investing , and then probably found out way later it cost too much to maintain data centers.
You mean the big short guy will earn money? Interesting. Hopefully that means I also happen to earn money as well.
This is what Trump wants to justify lowering rates. Trump wants catastrophe and terror to claim hes the only one who can fix it. When in actuality he caused the problems, has declared 7 bankruptcies in his business Career, and has now bankrupted America by having a shutdown and not paying it's employees, snap programs, cancelation of USAID and many much more.
Bubble bursting....
People who are somewhat liquid going to do some bargain shopping.
The good ol' pump and dump.
(Btw, guys, A.I. threat is way overblown.)
A.I. threat is way overblown
This assumes AI will be all knowing and all powerful and will turn to evil.
But bad, incomplete, dreaming AI unleashed by CEOs, in search for more profit margins, are a real threat. Imagine air traffic control under AI that just screws up and cause planes to collide. Or AI robots who go awry.
"AI" has already driven more than one person to suicide... no it's not overblown.
Oh no?! The imaginary money that doesn't actually exist now has less than before?! Whaaa! I'm sad now.
Lots of people says gg here. But trump is to the economy what global warming is to the climate. It spikes up and down. The nasdaq still has double digit gains on the year after this drop. When the bubble really bursts, the fall is going to be much much bigger.
That said, the conspiracy theorist in me says this is just a thing orchestrated by companies that want to buy AI startups at a better price. Apparently there has been a ton of consolidation going on in that space.
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