Saying you're doing layoffs lowers stock price. Saying you're replacing workers and stocks might even go up. It's a pretty big incentive if your pay package depends on the stock price.

LLMs can’t replace a single worker,

I don't think that's true, it's just not how the execs are seeing it.

If you have 100 staff using AI within the means of what it can actually do, you might not need the whole 100 staff. Maybe you only need 98 now to get the same outcome, or whatever it is.

What it can't do is replace a whole job category. You can't replace all your customer service with it, or all your developers or all your marketing team. You still need those people, but if you employ enough people in a category, eventually it could reduce how many you need, which is essentially replacing them.

That also started using it to cut benefits like bonuses, 401k marching and annual raises.

If you or I do it, we’re criminals.

If you or I do it at scale and scam a bunch of Business Minds into thinking it’s the best thing since sliced bread, we’re trillionaires.

Make it make sense.

Look at malus.sh they even market an AI to steal open source projects...

• it’s rather different than 2008, because credit default swaps were just a bag holder thing, whereas these massive data centers are not only a huge amount of sunk cost capital, but also have extremely high OpEx.
• that said, I would be 0% surprised if our Captains of Industry (🥴🫩) manage to convince the orange regime to just shell out trillions of our fucking taxpayer dollars to them because line go up
• and if they do, I hope all the little baby Molotov cocktails that will be born have wonderful, bright, and impactful lives 🥰

AI has been around since the 50s. We just keep changing what we call AI. The only difference with LLMs is this time they actually tried to sell it as a real sentient solution and it’s biting them in the ass because it isn’t any better than anything that came before and in many ways is actually worse. I feel like people totally forgot about when Watson beat Ken Jennings.

Its here to stay, but we are in the "we dont know the best way to use it try everything" phase.

From my experience using it as a consumer, and writing custom agents; i think the way it will pan out is as specific tooling that unlocks things that weren reaaonable to do before. Key word here is tool. Its just a god damned tool.

We will still need to hire people, because something llms can never do is be held accountable. Someone needs to use the tool.

As far as the data centers, this is an overenthusastic bet that all compute will be rented. It wont. At best a few additional datacenters needed for hosted inference, not at the scale they are going for.

It will not go away, but billions if not trilions of dollars will.

You can probably make a sustainable business out of AI agents! Having something like Claude Code is pretty neat. I love having it at my side. Would I pay the business rates for it? Hell nah. They need to bring down their cost, gain efficiency. Maybe increase reliability while they are at it.

There is no infinite growth as long as AI doesn't learn to act reliably, and on its own. According to experts this is anywhere from 10 to 100 years away. As someome with a CS major, I tend to agree.

about the same time they laid off massive amount of tech workers.

Transformer model AI has atrocious unit economics. The only way it really works is in some kind of post-scarcity environment where we simply don't care how much it costs to run.

Crypto only solves problems it creates, or creates new problems out of the ones it solves. It's a horrendously complicated way of wasting compute power to ultimately achieve nothing.

he does need money to get a new shiny jackets.

You mean why people should not put billionaires and ceos on pedestals

Whoever gets to wear his skin is going to look amazing, à la that scene in Tropic Thunder with Ben Stiller. Imagine it.

Given that AIs are demonstratably incapable of successfully operating a vending machine for more than about a week, sounds like a great time to start a competitor.

One thing that academic (not for profit) ai researchers understand is that computers cannot make management decisions, as a computer cannot take responsibility when things go wrong the way a person can. This is already an issue for traffic violations for “self driving” cars piloted by foreign labor overseas.

Let's rage against all the machines

Why? The AI would be a step up from the avg CEO. I mean, it’s a low looooow bar, but incremental progress is still progress

imma throw in this is a joke, cause I know someone isn’t gonna take it that way

See, what we should all do, is just stop buying ANYTHING.

Watch the shares of every single company collapse. Watch the great depression 2 start for the rich.

Because lets be real, for the average working man and woman, we've been in a depression that gets worse and worse as time goes on since the 80s. Now lets let it affect the rich too.

Hey, if your CEO is an LLM, at least you can context shift/prompt inject/sandbox-break them for fun and profit 🥰

Rapist criminals

Damn, no chill.

Just make sure nobody steals their stapler.