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this post was submitted on 04 Nov 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Just wanted to say thanks again to the admins and community for maintaining this oasis of sanity.
How do you all suppose the Great Bullshit Implosion is going to interact with our incoming US government? When it becomes clear that the money is running out, will OpenAI be able to talk the Trump government into bailing them out, or will the fash kick them when they're down, since tech will be a nice fat scapegoat for the economy hitting the shitter?
it looks like they're trying to delay either of those in most ghoulish way possible https://arstechnica.com/ai/2024/11/safe-ai-champ-anthropic-teams-up-with-defense-giant-palantir-in-new-deal/
OpenAI you stand accused of the crime of being woke. To make the case, we call in the expert on everything woke: James A. Lindsay.
Which is my way of saying, it will be very dumb and very paranoid, and not even wrong.
I don't think Trump's presence changes much regarding the AI bubble. It's still massive capital and operational expenditure, with ??? revenue to show for it. Trump very likely faces a big stock market correction in 2025 or no later than 2026, just as surely as Harris or Biden would have.
and they just added Nvidia to the indexes, replacing Intel in at least one
nvidia will be fine - they know damn well this is a bubble - but number is going to take a beating
Doesn't hurt them to strike while the silicon is hot.
Kicking them whilst they're down would be an easy win when "the cruelty is the point" is your unofficial motto, and there's plenty of anti-tech sentiment for Trump to work with. And, of course, they're a piss-easy scapegoat - AFAIK tech's managed to piss off both political wings here.
He's probably gonna kick them whilst they're down.
the ones ending up being kicked down in this scenario have more money than god and ear of trump, not to mention that some of these were likely donors to his campaign. maybe sutskever or even saltman might be ceremonially burned at stake for posterity, but thiel and musk are gonna be safe
I'm 100% down for a "Let them fight" moment