this post was submitted on 26 Nov 2025
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Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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[–] sundray@lemmus.org 43 points 1 day ago* (last edited 18 hours ago) (1 children)

Word is that the smart money is already on its way out. These guys sound like a bunch of bag-holders to me. (Edit: spelling)

[–] racketlauncher831@lemmy.ml 3 points 14 hours ago

I believe at this point the sharks already pulled out.

[–] qevlarr@lemmy.world 120 points 1 day ago (2 children)

No bailout for AI

Let's get ahead of this. Fraudsters should go to prison.

[–] Archangel1313@lemmy.ca 69 points 1 day ago (3 children)

If this bubble bursts while Trump is still in office, then they will absolutely bail them out. Fraud is the common denominator for all Trump's actions.

[–] IronBird@lemmy.world 15 points 1 day ago (1 children)

dems would bail em out too, money printer Powell was in power under Bush and Obama...that's no accident.

fact is the entire US economy is predicated on the idea our financial markets remain unregulated, so our country can act as easy exit liquidity for the rest of the world. That's been the underpinning of our entire economy since atleast the end of WW2

[–] Raiderkev@lemmy.world 2 points 19 hours ago (2 children)

Powell was appointed by Trump 1.0

[–] Pogogunner@sopuli.xyz 3 points 18 hours ago

Powell was appointed as one of the Federal Reserve governors under Obama, I think that's what IronBird is referring to.

https://en.wikipedia.org/wiki/Jerome_Powell

[–] IronBird@lemmy.world 1 points 18 hours ago

Powell was chosen by Obama too, might have misremembered Bush.

[–] zurohki@aussie.zone 13 points 1 day ago (1 children)

I'm not sure government can. AI isn't a profitable company with a product that people want which has a short-term cash flow problem, AI is a money pit that will just burn up as much cash as you can pour in.

If they hand AI firms a trillion dollars, they'll be back for another trillion next year.

[–] captainlezbian@lemmy.world 2 points 14 hours ago

Yeah. Automotive, insurance, and banking were industries when they collapsed in 08. They kept making bad calls (and automotive has continued to do so immediately after the government stopped forcing them not to), but the industries were bailed out because the consequences of not having them would be disastrous to the US economy.

Unfortunately I do think a lot of the government feels not having AI dominance would be disastrous for the US economy so it could easily become a fight.

[–] Valmond@lemmy.world 12 points 1 day ago (1 children)

Moreover he can't have a losing economy now can he.

[–] wewbull@feddit.uk 7 points 23 hours ago

Take away the false number from the bubble and it already is.

[–] neukenindekeuken@sh.itjust.works 10 points 1 day ago (1 children)

To be clear, they're not fraudsters, exactly. They're hype men, and that's what stocks have been about for a while now. Who can hype their stock up the most.

And AI has been hyped, globally, more than any other stock in the history of the world so far.

The crash will happen, but it's not fraud. Not yet. They're playing a dangerous game of stock buybacks that led to the 2007-08 recession of the car companies originally.

It will happen here again. Stock buybacks sound great, and they're legal, but using them like the major 5 investors into AI have been, while again isn't illegal, is extremely risky for the company as the majority of their shares are now held by themselves, instead of getting you know, outside investors like the whole of the stock market is supposed to work.

It means there's no leverage and no diversification, so when the bubble pops, these companies that should have more on their balance sheets than just AI (like Microsoft, NVidia, and Oracle), will crater due to one part of their investment portfolio instead of just having a "setback".

This could literally end major tech companies in the US overnight without a Government bailout, or socializing their companies with government takeovers (won't happen in this admin without it going into trump's pockets though).

[–] qevlarr@lemmy.world 6 points 21 hours ago* (last edited 21 hours ago) (2 children)

Hype isn't fraud in itself, but I'm convinced there's also massive fraud. I'm not a financial law expert but there must be safeguards against scams like this. It will be apparent once the bubble pops.

Leuke naam trouwens ;)

[–] captainlezbian@lemmy.world 3 points 13 hours ago

The problem is that the safeguards keep getting eroded. Companies really want to be allowed to make the gambles that tank the economy and so they push for them to be removed.

[–] III@lemmy.world 5 points 20 hours ago

No doubt there is massive fraud. I just saw the article about the AI note-taking app startup guy who was jumping on calls himself and taking notes manually, providing those as the results of his "app". Somehow, I feel even he will get away with it.

[–] Treczoks@lemmy.world 26 points 1 day ago (1 children)

Of course. Nothing can be more damaging on Wall Street than a rumor in the right places.

[–] J92@lemmy.world 7 points 1 day ago (1 children)

The right [word] in the wrong place can make all the difference in the world.

[–] Treczoks@lemmy.world 3 points 21 hours ago

They know it is a bubble, but they ate afraid other people could notice it.

[–] falseWhite@lemmy.world 29 points 1 day ago (3 children)

AI isn’t just a new distribution mechanism or a new interface. It is fundamentally a set of capabilities that can upend industries.

Except, that's exactly what it is, just a new interface of interacting with the computer and one that doesn't even always work as expected.

I bet you just need another trillion and one more year to unlock those "new capabilities" that will "upend industries". Fucking jokers. I hope they lose all their money and die poor.

[–] portifornia@lemmy.world 10 points 21 hours ago

Just one more trillion, bro. That's all we need.

Just another trillion, bro. We swear that's it.

[–] kshade@lemmy.world 9 points 22 hours ago
  1. Invest all money in "AI"
  2. ???
  3. AGI happens, yielding massive profit!
[–] Steve@startrek.website 8 points 1 day ago

Hardly ever works as expected

[–] NateNate60@lemmy.world 52 points 1 day ago (1 children)

> invest in company

> someone else says "your investment is worthless"

> angry noises

[–] Meron35@lemmy.world 14 points 1 day ago

Tbf seems to be common across all hyped assets, not just hyped AI stocks.

invest in ~~company~~ ~~gold~~ ~~mlm~~ ~~timeshare~~ ~~housing~~ ~~crypto~~ AI

someone says "your investment is worthless"

angry noises

[–] unmagical@lemmy.ml 39 points 1 day ago (2 children)

Well duh. They want to believe they've found the magical off ramp from the "you can't have infinite growth in a finite world" problem and are willing to ignore all signs that point to the only people who want AI are those selling it.

[–] Tollana1234567@lemmy.today 17 points 1 day ago (2 children)

especially something that doesnt generate any usefulness outside of slop.

[–] aarch0x40@piefed.social 13 points 1 day ago (1 children)

That's not going to stop people from sending in their photos and videos to get "Ghiblified"

TIL that, according to Wiktionary, Ghiblified is a word.

[–] Wigglesworth@retrolemmy.com 15 points 1 day ago (1 children)

Nah, but charging them would.

Ai only gets a pass until we're actually charged for it. It's a fun toy to most people, would they pay for it? Nah lol. I'd pay to get rid of it.

[–] Tigeroovy@lemmy.ca 9 points 1 day ago (1 children)

And that’s already begun.

The generators are now starting to shift over to paid tokens, which isn’t bringing in the profits they’d hoped.

Also coincidentally all software now incorporating ai “tools” are increasing in subscription cost! And no you don’t get to choose a non-ai option that keeps the cost where it is now!

They have to force this shit and charge extra for it to make it look like it’s making money.

Any asshole that doesn’t go bankrupt from this in the end should be angry mobbed out of their homes.

[–] Justas@sh.itjust.works 7 points 1 day ago (1 children)

I've heard that OpenAI loses money even on their most expensive plans, which are 400$/month.

[–] Tigeroovy@lemmy.ca 2 points 21 hours ago

Yeah they seem to make money entirely from investments and truly how long can investors keep pumping money into something without getting any return? Eventually something has gotta give.

But of course you don’t need to actually be smart to have seemingly endless amounts of money so sadly it could take a while longer than we’d like.

[–] Lag@lemmy.world 5 points 1 day ago (1 children)

To be fair some slop is very useful, but the expectations are too high.

[–] Tigeroovy@lemmy.ca 8 points 1 day ago

It’s all very handy if your aim is to scam idiots and old people!

[–] KindnessIsPunk@lemmy.ca 5 points 1 day ago

How else will I have my financial oroboros to prop up the economy

[–] Diplomjodler3@lemmy.world 13 points 1 day ago

Just one more datacenter! This time we'll make it! Trust me, bro!