"We did it, Patrick! We made a technological breakthrough!"
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.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
The thing is that I do not see AI "failing". Its current state is already goood enough to take many people's job, let us not kid ourselves. And also, even if the current iteration of AI "fails", there is always the argument that "we are just around the corner to AGI, wait for the new AI version!".
I honestly don't see AI going away, sadly. I fucking hate it. We built such a shitty fucking society. We could all have beautiful, chill lives, but nop. We suck.
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.
I don't think the AI crash would effect the daily life and real life job, industries. Its effects will be limited companies that are invested in this bullshit, which are running this long term pump and dumb con.
In the end this bullshit doesn't have real value in the market like food or healthcare. All they have to show for is some bullshit evaluation on paper and they have nothing real to show for these trillion dollar companies.
About a third of the US's economy right now is this AI pump-and-dump scam. When, not if, that goes away, there will be a huge ripple effect.
I mean the subprime mortgage crisis was also just in the airy heights of finance ... until it brought the world economy down.
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.
I see a bright future on the right
Yeah, it's not as if this economy does anything more than shovel money into the black holes of billionaire bank accounts.
Exactly! A full reset on wealth globaly and the downfall of capitalism wouldnt hurt anyone
What makes you think that an economic crash would result in the downfall of capitalism? That has literally never happened.
I am talking about a complete whipe out of economies. Almost all buissnesses go down. Maybe some small companies, traditional labor and groceries survive.
Bullshit. The government would never allow big businesses to go down.
One group of people wins no matter what
I choose the timeline of AI fails, economy crashes, people band together and fight back against goverments.
And the AI backs the people
🤖🗡️
Together, we are free
The ais all help untangle the injustice system and topple dictators
They both lead to economic ruin
Or, we get rid of capitalism and build a new world not based on growth amd respectful of people and the environment.
I care about jobs far less than I care about our environment.
AI must fail.
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.
Economy crash is less damaging of a totalitarian techno-regime
Yeah, the economy has crashed, what, like 3 times in my life now?
Fuck the economy.
Economy has always been an euphemism for the financials of the capitalists
Someone on Lemmy pointed out that you can usually just replace "the economy" with "rich people's yacht money" in most news articles, and I'll be damned if that isn't the truth.
"Rich People's Yacht Money"
Wednesday’s strong reports on Rich People's Yacht Money were welcome news for the Federal Reserve, whose job it is to keep the U.S. job market healthy and inflation low. The Fed’s job has become more difficult because of the jump in oil prices, which is pushing upward on already high inflation.
...
The Dow Jones Industrial Average just crossed 50,000 points for the first time, but that doesn’t mean Rich People's Yacht Money is healthy
Lol 
We can rebuild after it fails. If it seriously starts replacing people and there’s no regulation against corporations doing it we’re done
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
It is not real AI, I don’t think that would be useful. I’m not sure why people are so crazy about using plausible answer generators, but here we are.
AI fails
only the proportion of the economy that relies on AI would crash, which represents a sizable portion of the economy but which is controlled by a small numerical population of individuals
so for the majority of people it is fine
They'll find a way to make us all pay, but I agree with the sentiment
Imagine if jobs weren't tied to survival. Like, imagine people got paid for whatever they did. Raise a kid? Government sends you the wage. Community work? Fill out the wage application, describe what you did, wage. Work some job? Wage. Overpaid? Taxed more. Underpaid? Subsidised. Sat on your ass and charged other people rent? Jail.
Then consider what it would mean for ai to take over a bunch of jobs. More money into the pool to pay the wages of creative work, community work, and say UBI. Tech improvements would be celebrated. The economy would be democratised. We'd all benefit.
Let it crash.
AI did not take your job. Your economy is shrinking and you have just accepted diminishing returns. The top 10% is on the spreadsheet you are not. You should be worried about getting murdered in a trench for the pdfile class. Just look at all the turd sandwiches around you... the fast talker is not gonna convince me to buy a turd sanwich. With a currency that has been diminished by 50%...well of cource I am gonna be cheap or completely opt the fuck out. We are in hog heaven and dum dum purgatory. The rich stole from you and now we have our hands and only fans. They don't need you but you need to have some self respect. AI makes garbage from the work it stole from us and it only poops out turds and makes the job 100 times harder. Don't internalise the nonsense of capitalism. It is not your fault. It is stupid by design and you, well you are just fine.
Stocks are their own entire economy for the rich people at this point. Just don't give gamblers bailouts they don't need and we will be fine.
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.
But the computer stuff will be so cheap on the second hand market!
LAN party in the alley when we lose everything!
The economy won’t crash. Will a large segment of corporations that have either invested heavily or are AI companies take a substantial hit? Yeah.
Fucking let em.