Wont anyone please think of the poor shareholders going hungry?

Shut it the fuck down

It replaced jobs, used nonrenewable resources, oh and drove teenagers to suicide! It sounds to me like it was responsible for negative economic growth.

I'm so tired of hearing about AI at work. They don't have the fundamentals of software development down - no tests. no linters. no automatic deployment. Dependency management is a joke. Code reviews are a rubber stamp. They only this quarter stopped people from SSH'ing onto the prod machine and making live, not in source control, changes. But they want everyone to start leveraging AI. Spending untold piles of time and money on it.

It would be far cheaper and more cost-effective to spend like, a week, on software development fundamentals.

Meanwhile, I've stubbornly forced my way through various processes and red tape to get a bare minimum of checks that run automatically on PR. This week it found someone had pushed a script with a fatal syntax error, gotten it reviewed, approved, and merged. My check goes live and flags this before it's in prod. No one cares. Management still just wants to talk about AI.

Yeah. Obviously. There's a phrase which gets misinterpreted very often. "The customer is always right". People think it means if you go into Walmart, and try to buy a TV, and you say 480p is a higher resolution than 1080p, you'd be right. Because you're the customer, and you're always right, even if you're wrong.

That's not what it means. It means if you go to a store and ask to buy a 480p TV, and they don't have it, they lost a sale. The phrase really should be "The customer always dictates the market".

So when we look at AI, you ask "Ok, who's using it?" and the answer is "Everybody hates it. Everybody resents it. But we're being forced to use it, so it gets 'used' in a sense, but not willingly."

So if you have a product that nobody wants, and everybody is openly hostile towards, but you just keep forcing it down peoples throats, then yeah, you lose sales. Just ask Microsoft how Windows 11 adoption rates have been. I guess by definition, I am now a linux user. I still hate it. I have no idea how to do anything besides open a web browser. I wish I could do more with my own PC. It's not linux that's preventing me, it's my own inability to understand things. By all means, I SHOULD be a windows user.....but I'll be damned if Microsoft is going to tell me HOW I can use my own PC that I paid for. Linux isn't restricting me, but I still don't know how to do it. I'm the example of why Windows 11 is failing, and it's all because of policy regarding AI.

If nobody wants your product, it will not contribute to growth. Go try standing on the sidewalk and selling a fat mans used gym socks for $200. Nobody will buy it. Nobody wants that. So it would be kind of weird if the 11 o clock news was surprised to report that the fat mans used gym sock market was not profitable. Yet that's where we seem to be with AI right now. Media outlets are continually reporting that AI is not doing well, and every time they report it, they seem surprised.

Literally all it would take for me to go back to Windows would be for them to release "WindowsXP12" It's Windows 12, which is just Windows XP but with quality of life improvements, such as not limiting file sizes to 4GB, and allowing more than 16GB of ram, and being able to read more than 2TB hard drives. No AI, just WindowsXP exactly as you remember it, just built for the modern world. But Microsoft is too stubborn to do that. They've been baking in anti-customer features since Windows 7. So I guess by default I'm a linux user now.

Sam Altman is such a dweeb

What about the losses due to stolen IP? Fewer jobs for creators? Should be net negative.

That's probably because we've not poured enough money in it yet. 1 or 2 more trillions and it will create growth like you've never seen before!

It did, however, add a shit ton of fraud and severe episodes of mental illness. So that more than makes up for it!

Oh we are in the process of 'accepting that its a bubble' right now.

Problem is that what that looks like is more and more Private Equity/Credit firms taking haircuts and a few starting the Private Credit version of a bank run.

So, when the bubble pops, the economy gets much, much worse than it currently is, and yeah that means your 401k and pension funds get fucked.

We must keep the money pit burning!

Wow, what a hitpiece, the only reason AI added "Basically Zero" to US Economic Growth last year is in the calculations for this article they deceptively subtracted costs from the revenue!!!!!!

We didn't replace workers like we thought we would.

-Rich people, effectively.

One COULD call it Artificial Stupidity.

Less than zero.

They told us years ago that AI would transform the job landscape within 6 months. This is starting to feel like Elons musks full self driving. Which he still hasnt effing delivered. Industry con artists like Musk and Altman should be in jail for defrauding investors.

Sunken cost fallacy

Meanwhile most electric utility and metal works companies have gone up 75% on the stock market ... i wonder why that is

(i actually don't, i know why it is, it's because cheap renewable energy boosts all heavy industries)

I am shocked!

I feel like the relevant text for this moment would be The Subprime Attention Crisis by Tim Hwang.

AI was just a blip on the radar when it was written, but I felt he did a good job illustrating how tech bubbles form and are propped up using examples from the 2008 housing crisis.

There's a better anti AI narrative than this mostly false one. First if you had $100 of GDP all imported your GDP is zero. But Nvidia profits and wages are net additions to GDP, and datacenter building, cooling, power use is GDP positive. At least half of datacenter spend goes toward supporting US profits, wages, and support sales.

The better narrative is that without the absurd AI overinvestment, GDP would be negative. last quarter (only 1.4% total growth) is not in OP numbers and this would result in 2.2% GDP growth for the year. about $650B in nominalized real growth. $450B in public/large company investments in AI doesn't include all of the power/construction done on spec, or the extra spending that employed vs unemployed construction workers do.

I guess OP is trying to support Fuck AI by saying it is doing very little, and massaging the numbers to show as little as possible. But massaging the numbers to show as high as possible, supports Fuck AI by saying rest of the economy is contracting/suffering.

well i mean ai bros looked at what musk was doing and said "i can add that kind of value"

@grok is this true?

Given what it has done to the rest of the tech industry, I'm surprised it wasn't a net negative. High costs for basic compute needs must be hurting other companies.

In other news, fork found in kitchen

Eek!