Yeah, the economy has crashed, what, like 3 times in my life now?

Fuck the economy.

Better to rip off the band aid now

And economy crash is inevitable anyway because that's just what capitalism does.

I can assure you humanity seems dead set on destroying the environment no matter the means to get there.

I'd care about the economy if I had a real stake in it. We're all just serfs being used up and thrown away. The medical industry sucks the last bit of wealth anyone is lucky enough to build over their life time.

LAN party in the alley when we lose everything!

Sadly no. AI hardware does not relies on the same fundamentals as consumer hardware.

Long story short AI stuff use Float 4 or 8 because accuracy is not a factor. Games or physics simulation use Float 32 or 64.

Nvidia and rest of manufacturers will set fire to abandoned data centers before allowing a big second hand market nuking their profits

People replying to this with "muh enterprise" don't understand that I can still plug in a Supermicro server with the correct power input, spin up Linux, and do whatever the hell I want with my giga ultra 8x NVlink GPU 2X Xeon CPU morbillion dollar server.

Now even though it will be sold for a measly couple thousand dollars after the collapse, it doesn't mean I can't burn through my unemployment savings to have fun lol.

If you are being slightly serious, I hate to break it to you, but the HPC equipment that is taking up all manufacturing capacity has limited consumer use. It's just so power hungry, specialized, and heavy.

If it seriously starts replacing people and there’s no regulation against corporations doing it we’re done

Yes. And if so, we all need to do our reading, first:

How To Survive a Robot Uprising: Tips on Defending Yourself Against the Coming Rebellion

Yeah, "economists" love to ignore the inconvenient fact that by their own theories, economies are supposed to have periods of retraction to keep the whole thing stable.

So when decades go by where you cry "recession!" every time there are signs of that economic retraction happening, and kick the can ever-further down the road while inflation keeps rising and never goes back down because you're building a tower ever-higher out of popsicle sticks without reinforcing the base; what do you think will be the inevitable result?

"Infinite growth" has been a lie from the start. It's neither possible nor even desireable (cancer is literally uncontrolled growth). Yet anarcho-capitalists make these wild, dogmatic claims that infinite growth is how the economy is supposed to work.

It's like they'll quote the half of their (pseudoscience) theories of economics that supports their agenda, but treat the other half of those same theories as a sort of taboo.

It's going to be very hard to make all humans extinct. People are smart and resilient.

On the other hand, it's very easy to come up with a future where humanity survives but life is incredibly miserable.

Better hope you have zero money sent through or stored in a bank or pension fund and you don't have a mortgage yourself or your landlord doesn't have a mortgage or your employer doesn't have a mortgage or business loan and doesn't use a bank.

The correct response is what Iceland did: government bails out the bank's customers, takes ownership, and actually jails the c-level wankers bankers.

Because like it or not, you're still part of the financial system unless you're currently sat in a self-sufficient earth-ship borrowing some else's WiFi connection.

Its effects will be limited companies that are invested in this bullshit, which are running this long term pump and dumb con.

The effects of the housing bubble will be limited to the lenders and borrowers of subprime mortgage debt.

A fair few of the companies would also never be allowed to go under. Microsoft, Google, Oracle, Amazon, etc are basically insulated from any ill-effects, because they would considered too big to fail, and be bailed out if anything major happens.

You realize that the United States GDP has already been in decline if you remove AI companies from the equation, right?

You're imagining a change to the power structure of the world without having to fight and die for it. It has never worked like that.

The 8 hour day was the result of strikes that involved the strikers getting beaten and killed by the police.

Considering AI is the tool of fascists... I don't see this one happening.

They'll find a way to make us all pay, but I agree with the sentiment

While the technology likely won't go away, some of the companies behind the AI push take huge losses and may collapse. OpenAI, Oracle, Microsoft and the bunch are spending insane amounts of money on datacenter buildout that may never return a profit.

Most AI subscriptions for instance are priced under cost to lock users in. However, unlike traditional services, it's trivial for a user to migrate to a competitor or (eventually) run a local model. Currently that market doesn't return a profit and it's questionable if it ever will

Increasingly, this looks like a death spiral of tech giants where nobody can admit to the sunk cost fallacy. Unfortunately these companies are in everybody's investment or retirement funds, so when they crash the economy will crash with it. I think that would be the "AI failing". Not the technical aspect, but rather the economical aspect.

Yeah, it's not as if this economy does anything more than shovel money into the black holes of billionaire bank accounts.