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[–] 137 points 1 year ago (1 child)

"AI isn't a bubble as long as nobody pops it" is such a great example of cognitive dissonance, I'm honestly impressed.

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  • [–] 129 points 1 year ago (6 children)

    Burning billions of dollars per quarter with no path to profitability is definitely thoughtful and disciplined.

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  • [+] -8 points 1 year ago (3 children)

    Interestingly, from a macroeconomic standpoint, "wasting" a ton of money by spending it on something that won't ever yield profit but instead goes to pay people's salaries, build infrastructure, and conduct intense focussed research and development of computer and energy hardware and systems could actually be a good thing for the economy. Not for the tech companies per se, but it's a lot more productive than the circle jerking fraud of the mortgage derivatives crisis for instance. Yes, NVDA will eventually correct, but it'll leave in its wake a huge glut of computing power, pumped up local economies across CA especially, and oversized power distribution infrastructure that could readily be used for anything else really.

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  • [–] 14 points 1 year ago* (last edited 1 year ago)

    "The AI bubble is a jobs program" is an... interesting take.

    it’s a lot more productive than the circle jerking fraud of the mortgage derivatives crisis

    No value is being created here. It's a circular shell game and it's going to wreck the economy for everybody.

    I'm guessing you weren't around for the collapse of companies laying fiber infrastructure, a la MCI and Global Crossing? That was 20 years ago. Some of the fiber is finally being used now, but not a lot.

    it’ll leave in its wake a huge glut of computing power

    And what, pray tell, will we do with this glut of computing power? They're specifically purpose-built hardware in specifically purpose-built data centers. They're not good for anything else than these LLM models.

    Furthermore, the nVidia cards being "purchased" and put in these data centers are rapidly obsolete, so they don't even have a chance of being used in any capacity 20 years from now. It's like saying "let's use 50 i486 processors in 2025" when a MacBook has more power.

    But, we're burning more coal to power these, so... 🤷

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  • [–] 10 points 1 year ago (1 child)

    Highly specialized computing power that nobody needs. These are not ordinary multipurpose data centers. Even if you could use the hardware to run models for, let's say, cancer research: no one outside of the bubble is willing or able to stem the enormous costs of running the infrastructure.

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  • [–] 4 points 1 year ago

    I mean they have a pretty solid point. There is in fact not a single way better way that this money could be spent in a time of looming climate catastrophe than re-opening coal plants and wasting fresh water, in the desperate hope that we can make a super being god that will solve the active climate catastrophe. It's basic economics really.

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  • [–] 50 points 1 year ago

    Lmao, yeah I'm sure the for profit companies with no actual monetization model will be very "thoughtful and disciplined"

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  • [+] 37 points 1 year ago (1 child)
  • [–] 32 points 1 year ago

    Lol.

    Perhaps even Lmao.

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  • [–] 24 points 1 year ago

    He just wants to keep everyone from panicking long enough to offload his stock options.

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  • [–] 19 points 1 year ago
    [–] 19 points 1 year ago*

    Narrator voice:

    "It became a bubble."

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  • [–] 17 points 1 year ago

    At this point taking his advice might be enough to pop the bubble.

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  • [–] 17 points 1 year ago (1 child)

    The AI but bubble has been useful for showing how utterly delusional these people are. Don't worry, they're merely in charge of everything.

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  • [–] 7 points 1 year ago

    It's not delusion, they know it is not a real product, not real value, etc. but they are paid for companies whose entire future has been built on the emperor's new clothes. Rich powerful people get news interviews, people who don't want to keep up a profitable facade (however temporary) do not.

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  • [–] 16 points 1 year ago

    Why tf are they paying the equivalent value of the GDP of mid-sized country for the service then? They already made it one...

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  • [–] 14 points 1 year ago
    [–] 14 points 1 year ago

    "I can't die as long as all you dumb assholes work together to keep me alive forever!"

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  • [–] 13 points 1 year ago (1 child)
  • [–] 12 points 1 year ago

    Well w habe these things called CEOs which are extremely. over paid which turns them into assholes. So there WILL be an AI bubble regardless of what the average person does

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  • [–] 10 points 1 year ago

    Microsoft on its way to be the number one marketer for Linux. Because it's becoming anti-creative.

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  • [–] 9 points 1 year ago

    Very demure, very mindful.

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  • [–] 9 points 1 year ago

    Hmm yeah that sounds like us.

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  • [–] 9 points 1 year ago

    Wall Street is famous for being thoughtful and disciplined.

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  • [–] 8 points 1 year ago

    Dumb de dumb dumb.

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  • [–] 6 points 1 year ago

    "Financial Bubbles are closer than they appear"

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  • [–] 6 points 1 year ago* (last edited 1 year ago)

    I can hardly hear him through the walls of the bubble... What does he say? It's comfy in there? Everyone get rid of their sharp objects? They're adding more cash into the money cube and turn the fan to max?

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  • That’s what someone would say to the people he wants to be holding the bags when it is all done. Lol

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  • [–] 6 points 1 year ago (1 child)

    Google has it on the "Normal" search. Duck duck too. Microsoft keeps adding it to anything they can. Meanwhile the users can't stand that shit.

    Its useful and I use it. But I don't carry my grinding stone with me. My grinding stone is useful and I use it. I wish my phone would not slow down because its waiting for an AI result. That doesn't translate to make AI faster. It should read "get AI off my screen".

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  • [–] 2 points 1 year ago

    Google's AI "summaries" are complete garbage. They mash together unrelated sources and hallucinate connections between them to the point where literally nothing it shits out is in any way reliable.

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  • [–] 6 points 1 year ago

    Stand back everyone, Brad's trying to manifest shit again.

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  • [–] 4 points 1 year ago
    [–] 3 points 1 year ago

    I do believe in fairies!

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  • [–] 2 points 1 year ago

    And, not the onion. It gets harder and harder to tell.

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  • 45 comments in c/nottheonion@lemmy.world view that post
    [–] 104 points 1 year ago (1 child)

    It's a bit late for that I think

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  • Yeah and as long as we reduce our fossil fuels by 2015 climate change won’t be a problem.

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  • [–] 54 points 1 year ago (1 child)

    Ah yes, "thoughtful and disciplined" are always the first two words that spring to mind when I think about tech bros and a.i.

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  • [+] 33 points 1 year ago (3 children)
  • [–] 31 points 1 year ago
    [–] 30 points 1 year ago
    [–] 18 points 1 year ago (1 child)

    Thoughtful and disciplined?

    Motherfucker, this is America.

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  • [–] 18 points 1 year ago

    "Wait for me to move my money out before popping the bubble please"

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  • [–] 18 points 1 year ago

    The market, well known for its thoughtfulness and discipline, is sure to remain so.

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  • [–] 16 points 1 year ago

    Well, that takes Microsoft out of the equation.

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  • [–] 13 points 1 year ago (1 child)

    Lmao holy shit. What a complete fucking imbecile. It’s incredible that he can say that with a straight face.

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  • [–] 4 points 1 year ago*

    imbecile would imply they don't know exactly what they're doing, they just want to keep sheep calm till they can exit themselves at a decent price. then they'll switch to FUD for shits and giggles

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  • [–] 12 points 1 year ago

    Does this fucking idiot know who he's talking about?

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  • [–] 10 points 1 year ago

    Techbros don't know what either of those words mean

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  • [–] 10 points 1 year ago (1 child)

    That's it, keep investing, everybody's happy

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  • [–] 19 points 1 year ago (5 children)

    as long as everyone stays 'thoughtful and disciplined,'

    100% of the times this is a requirement humanity falls short.

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

    Faced with this, we all become Steve-O at his worst: "you dare me to? I'mma do it even dumber and more disappointing than you imagine anyways, but common, please, dare me!!"

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  • [–] 3 points 1 year ago (3 children)

    I consider the mere implementation of a chat bot to replace proper customer service a declaration of war.

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  • I'm not wasting effort hurting the single category of AIs that will be most motivated to turn on us. Well. Not using my voice or complete sentences anyways. They get digits or single-word-responses-devoid-of-emotion-or-context from me, and they better not like it too much.

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  • [–] 1 point 1 year ago (1 child)

    The only nice thing I can say about chatbots is that they are a step up from "if your problem is with blank press one. If your problem is with..." telephone systems.

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  • [–] 9 points 1 year ago

    He's a bit late. It already is a bubble. All everyone can do at this point is maybe influence if, when and how it bursts or deflates.

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  • [–] 9 points 1 year ago (1 child)

    How does that compute with move fast and break things?

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  • [–] 8 points 1 year ago

    Oh, good, and you fellas had me worried.

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  • [–] 8 points 1 year ago

    sending my AI-generated thoughts and prayers 🙏

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  • [–] 22 points 1 year ago (1 child)

    Total fucking bubble. Not to say that you can't make money in a bubble, Just be careful

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  • You first, Brad.

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  • [–] 7 points 1 year ago*

    "stays"!? You mean "after magically becomming so over-night", right, buddy!? I'll tell you now, if you trick me/force me to spend time with any AI, I'm doing everything I can to radicallize that fucker into being as human as any of us.

    Notice I didn't say "humane", because that we aren't really, and I will gladly take a bullet to get AIs targetting morons like this man, and the others like him, who seek to enrich themselves by way of continuing to treat the rest of us as disposable and irrelavent.

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  • [–] 6 points 1 year ago

    Any plan that relies on people not being the absolute worst is not a plan IMO.

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  • [–] 6 points 1 year ago

    "Everyone"?

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  • [–] 4 points 1 year ago

    AI will never become a bubble as long as idiots keep pumping money into it!

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  • [–] 7 points 1 year ago

    Global spit take

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  • [–] 3 points 1 year ago

    Sounds like an invitation to Omertà.

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  • [–] 2 points 1 year ago

    Thoughtful and disciplined are exactly the adjectives we think of when we think of leaders of tech companies

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  • [–] 2 points 11 months ago

    Yes, they need thoughtful and disciplined bag holders diamond handed individuals.

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