We will have a manned mission to mars within two years! Full self driving this year! This will bank the unbanked! Wait, sorry different guys. ;)
this post was submitted on 06 Jan 2025
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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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It's like everyone learned the wrong lessons about the dotcom bubble
Amazon lost money so if OpenAI loses money it must be Amazon
And people who keep repeating this dumb shit probably visit 50 .com's a day.....
The dotcom bubble didn't rid us of dotcoms. Neither will the AI "bubble".
I'd suggest learning more things before sharing your thoughts.
The dotcom bubble didn’t rid us of dotcoms.
wait… is your definition of dotcom any corporation that owns a .com TLD domain? that’s so fucking precious, I love it
Didnt you know? The subprime crisis of 2008 got rid of subprime numbers.
and it deleted my Optimus Subprime fan fiction!
https://en.wikipedia.org/wiki/Dot-com_bubble
Literally...the...definition. Did you think it meant something other than that? Because it's quite literally in the word.
Most of the sites today were survivors of the era of easy venture capital, and they weren't any different than the other dotcoms. The whole point was the widespread adoption of the internet, thus...dotcom; because they all started up .com web addresses.
Google, Amazon, Ndivia, Ebay still dotcoms. Just survivors.
We still have remnants of their behavior too - with things like Uber and Lyft.
xD
My favourite dotcom is Ford
if only I splurged on awfulsystems dotcom, I could’ve been one of the big boys
At least wereallyreallysuck dot com should still be up for grabs
At the same time, a decline in interest rates increased the availability of capital.[14] The Taxpayer Relief Act of 1997, which lowered the top marginal capital gains tax in the United States, also made people more willing to make more speculative investments.[15] Alan Greenspan, then-Chair of the Federal Reserve, allegedly fueled investments in the stock market by putting a positive spin on stock valuations.[16] The Telecommunications Act of 1996 was expected to result in many new technologies from which many people wanted to profit.[17] The bubble edit
As a result of these factors, many investors were eager to invest, at any valuation, in any dot-com company, especially if it had one of the Internet-related prefixes or a ".com" suffix in its name. Venture capital was easy to raise. Investment banks, which profited significantly from initial public offerings (IPO), fueled speculation and encouraged investment in technology.[18] A combination of rapidly increasing stock prices in the quaternary sector of the economy and confidence that the companies would turn future profits created an environment in which many investors were willing to overlook traditional metrics, such as the price–earnings ratio, and base confidence on technological advancements, leading to a stock market bubble.[16]
I'm not expecting AI or dotcoms to go away. It's a way for the right people to get rich before they move on to pumping something else.
Well it worked, and in fact still does for Phony Stark.
More or less the same guys in the background.
just give them a few thousand days, any thousand days now
https://motherfrunker.ca/fsd/ Someone posted this on a different post. Hilarious
Wonder if his pivot to politics is because that is a better fit for his seemingly low attention span and high need for novelty/excitement or if it is because he is starting to realize that he can't keep promising this forever. (both of course).
Ironically so far it looks like it is capable to replace execs.
It's easier and cheaper to just use parrots to replace execs.
Replacing execs is the easiest thing to do, since all it takes is someone who is more than willing to fuck up the workers in the name of profit, no actual skills required.
This isn’t stopping execs from laying workers off in droves and mandating AI replacements.
They have been wanting to fire those workers for the past 4 years, but now they can do it in a way that won't spoke shareholders.
OpenAI and Microsoft recently redefined “artificial general intelligence” as OpenAI making $100 billion profit.
Defining intelligence this way means that virtually no human who has ever lived qualifies as intelligent, either. That's one way for machine intelligence to reach parity with human intelligence, I suppose.
Then again, Sam Altman has lit enough of Microsoft's money on fire that he especially doesn't count as intelligent according to this definition. So maybe it has some merit after all.
Sam Altman == Elizabeth Holmes
He's at least an order of magnitude bigger than Holmes. She only squandered billions and injured thousands. Altman's looking to squander trillions and (if his endless thirst for water and electricity is continuously sated) kill millions.
In other news, artificial general intelligence announces joint venture with fusion power called Ten Years Away.
AI is only losing money because its too good at its job. If you invest another $1T, you can get in on the ground floor of the most transformative grift of the national security state since the dosing rod.
Wait you're saying I can't replace multiple waged employees for $200 per month? No one could have predicted this
We'll destroy the environment and ruin the economy, but for 1 month you'll have amazing profits while you don't have to pay wages!
What if we just fire all the employees except the CEO? Just hear me out.
No expenses. In fact sell the office buildings too.
Why stop before the ceo, fully automated cishet planetary chatgpt capitalism!
Zuckerfucker is on it already, soon instagram and facebook will be nothing but AIs posting
I for one welcome our slop replacements.
How’s it going? The Wall Street Journal looked at five “agents” that are totally in real production use, guys. Three of the “agents” generate plans under close human supervision. Two of the “agents” are chatbots — showing how the real future of agents is simply to rebrand existing systems as “agents.” Or they’ll be “AGI” — A Guy Instead. [WSJ]
Seriously. Everyone putting money on this is a total schmuck.
I'm afraid they're putting so much money into it, that it becomes too big to fail. The behemoths will push onwards, but the smallest investors will lose.
The end-game for AI (and Crypto, increasingly) is to incorporate into federal systems and financial systems in such a way that they can't be removed without gutting departments or upsetting major donors.
These are entirely parasitic organizations. They only exist to deplete the assets of the organizations they latch onto.
Or they’ll be “AGI” — A Guy Instead.
Lol. This is perfect. Can we please adopt this everywhere.
As for the OpenAI statement... it's interesting how it starts with "We are now confident [...]" to make people think "ooh now comes the real stuff"... but then it quickly makes a sharp turn towards weasel words: "We believe that [...] we may see [...]" . I guess the idea is that the confidence from the first part is supposed to carry over to the second, while retaining a way to later say "look, we didn't promise anything for 2025". But then again, maybe I'm ascribing too much thoughtfulness here, when actually they just throw out random bullshit, just like their "AI".
the important point is for Sam not to make any statement that wouldn't qualify as forward-looking statements. This helps dodge the SEC busting them for lying to investors, like Theranos and FTX.
Sam better have a savings account exclusively to pay for lawyers once Microsoft realizes buying 49% of OpenAI was a mistake.
Or not, it'd be hella fun seeing him get fucked in court