this post was submitted on 04 Jun 2026
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[–] phoenixz@lemmy.ca 9 points 1 day ago

Hey guys, let's give your pensions to a few CEO's, sounds like a good plan?

[–] MartianRecon@lemmus.org 21 points 1 day ago (2 children)

Oh so you guys didn't give a fuck about China's superior railway system, their better electric cars, and their other areas where they have on par, or superior tech than we do. But when they have better AI you guys want the country to bend over and get fist fucked.

Get the fuck out of here.

[–] AA5B@lemmy.world 3 points 1 day ago (1 children)

We don’t care about better EVs, we will protect our buggy whip industry at all costs to our own consumers

[–] MartianRecon@lemmus.org 2 points 1 day ago

Then they will cry for a bailout when they inevitably fail. Again.

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

But when they have better AI you guys want the country to bend over and get fist fucked.

It's legit infuriating to see the Chinese economy investing in bluesky R&D, which has the long term benefit of better software, cheaper hardware, and more useful technology. All while American politicians insist "We need to build more hand cranks and charcoal fire pits to power our billionaire sponsored CSAM engines!"

All this while US Tech Companies turn increasingly to religious hacks to launder their shitty apps and platforms.

[–] MartianRecon@lemmus.org 1 points 1 day ago

Yep we're a nation that's captured by venture capitalists and they are draining the country dry.

The rest of the world should not do business with these vultures.

[–] Greyghoster@aussie.zone 9 points 1 day ago

Man with money wants to steal yours to fund a risky bubble? What could possibly go wrong?

[–] Floon@lemmy.ml 5 points 1 day ago (1 children)

AI is going to crash the economy. It doesn't have a business model that pays for itself. Less capacity is being built than is claimed, and companies like Microsoft and Google would essentially have to double their total revenue to cover the AI capex. Read Ed Zitron for a sober detailed take on the state of the AI industry.

[–] cmbabul@slrpnk.net 3 points 1 day ago (1 children)

Ed is gonna die from a smug overdose when it happens, my man has been calling his shot

[–] Floon@lemmy.ml 1 points 1 day ago
[–] phutatorius@lemmy.zip 17 points 1 day ago

Better idea: tax billionaires. They're the main beneficiaries, they should pay.

[–] Doomsider@lemmy.world 6 points 1 day ago

Hey guys, let's liquidate Social Security and invest it all in AI and reap Huuuugee profits!

[–] Aceticon@lemmy.dbzer0.com 18 points 2 days ago

It's the final Pillaging stage of a society which is almost entirely structured to maximize rent-seeking of the Owner class.

The snake is eating itself.

[–] Lor@mander.xyz 10 points 1 day ago

Fuck Blackrock.

[–] sp3ctr4l@lemmy.dbzer0.com 5 points 1 day ago* (last edited 1 day ago)

Hey its like I been saying for a while now:

Oh you think you have a 401k huh?

That's cute.

[–] a9249@lemmy.ca 8 points 1 day ago (1 children)

And there it is folks, the end of the pension plans nationwide.

[–] ButtermilkBiscuit@feddit.nl 4 points 1 day ago

Go after the few remaining pensions in the US so this blackrock chud can buy another yacht. Guillotine time for sure. The only remaining people who contribute to pensions are teachers, firefighters, public employees who make shit salaries anyway. This guy wants to float their AI adventure on the backs of working people.

[–] Hacksaw@lemmy.ca 36 points 2 days ago (1 children)

But China isn't spending trillions on their AI....

Why do we need to spend trillions to stay ahead of someone who is only spending billions? Might be worth looking into whatever leak in the system is extracting so much money we need to spend 1000x what our competitors are spending just to keep up. We could start by looking at people who have hundreds of billions of dollars at the heads of the AI companies, looks like a few hundred billions might have slipped into their wallets by accident. I'm sure they'll be happy to give it back to the people.

[–] YoureHotCupCake@lemmy.world 16 points 2 days ago (1 children)

Because China has taken the open source route with their AI and are allowing people from all over to use/contribute to their models. You cannot outspend what they are getting for free, and while our companies compete with one another to be the one true AI company, China's companies/citizens are cooperating with one another to build their AI.

They will win the AI war simply by not playing the capitalism game, all while undermining the enormous investment the US has made into our AIs.

[–] boonhet@sopuli.xyz 11 points 2 days ago (12 children)

Uh that's not how this works. They're not open source, they're open weight. Well, the smaller distillations are. The big ones are still closed. And it takes a bunch of compute to train them, but they've learned to be thriftier since they don't have access to nearly as much parallel compute as the American companies right now. The models also tend to trail in performance. Takes a lot less to compete for third place than first.

[–] AbsolutePain@lemmy.world 6 points 2 days ago

Why is this being downvoted? It's factually true.

I'd love actual open source training somehow. But at the moment I don't think an asynchronous training mechanism that would enable this exists, given that running the flagship models on even a small batch of data requires massive compute power.

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[–] evenglow@lemmy.world 99 points 2 days ago (4 children)

This is not about China. This is about private equity being so desperate for money they want new laws that allow the shadow PE banking system access to government money. Tax payer money.

Be very careful around this topic. Reading headlines isn't going to cut it and this is very dangerous territory.

The house of cards needs money urgently. Your money and they are done asking nicely.

[–] tacoplease@lemmy.world 31 points 2 days ago

Not just tax payer money, your money, your personal savings.

They're going to burn it all and then oh too bad, it's too big to bailout so fuck you American people! Keep working in servitude till you die at your post.

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[–] REDACTED@infosec.pub 6 points 1 day ago (1 children)

Why does US feel the need to compete with China? It's going to play out just like when Soviets tried to keep up with the US spending

[–] Dearth@lemmy.world 3 points 1 day ago

Because the oligarchs in the West recognize that their power will vanish once the people stop thinking of China as an enemy and instead objectively compare the quality of life for the average person in the 2 countries

[–] FukOui@lemmy.zip 15 points 2 days ago (2 children)

So that's why nasdaq is changing their rules for SpaceX IPO?

[–] sp3ctr4l@lemmy.dbzer0.com 1 points 1 day ago* (last edited 1 day ago)

Yep!

Your retirement fund is his exit liquidity, and you likely can't do shit about this, because that's how easy it is to just fully mask off the US economy/political/legal system as a wealth raping machine.

These problems, this kind of potential has like, always been there.

But normalcy bias is a hell of a drug, I guess.

Its the most obvious con, fraud, ever.

But its all the systems around making that into a fraud you cannot very easily opt out of, once your see how obvious it is... that's the clever part.

[–] AlteredEgo@lemmy.ml 5 points 2 days ago (1 children)

I suspect Musk did it first and now that guy wants in on the scam too

[–] boonhet@sopuli.xyz 2 points 1 day ago (1 children)

That guy actually loses out if Musk et al fuck up Nasdaq. Blackrock makes money from management fees and those decrease when the fund's value goes down.

But BlackRock also has Chinese index funds so that'll make up for the shortfall, he doesn't really give a fuck if the US wins the "AI race" or not.

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[–] bricker@lemmy.dbzer0.com 50 points 2 days ago* (last edited 2 days ago) (1 children)

Thats why NASDAQ recently updated rules to allow faster entry into index funds. SpaceX, Anthropic, and OpenAI all will get into index funds and 401k's in 15 days from their IPO now, which means their price collapse will use our retirement accounts as a cushion. Which is pretty on-par for these people.

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[–] Adalast@lemmy.world 6 points 2 days ago

Let's start with law congressional pensions and 3rd party law enforcement contracts, yeah?

[–] finallymadeanaccount@lemmy.world 11 points 2 days ago (2 children)

How about raising money by auctioning off CEOs?

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[–] Legonatic@lemmy.world 13 points 2 days ago (1 children)

Larry Fink is just another evil out of touch billionaire.

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[–] metermatic26@lemmy.world 4 points 2 days ago

What the actual f#*k…

This is like a daytime robbery.

[–] dylanmorgan@slrpnk.net 18 points 2 days ago

Paging Luigi…

[–] Stern@lemmy.world 7 points 2 days ago

TIL the Blackrock CEO is appropriately named.

[–] Astronut@lemmy.zip 21 points 2 days ago (1 children)
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[–] theacharnian@lemmy.ca 11 points 2 days ago (2 children)

Oh boy, when dedolarization comes, it's going to hit the US like a wall of radioactive bricks.

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[–] bitjunkie@lemmy.world 2 points 1 day ago

Fucking idiots

[–] GoofSchmoofer@lemmy.world 9 points 2 days ago

The thing is the West and China are not really using AI in the same way so saying we are in a race with them is incorrect and using old Cold War tactics to scare the West into spending more money on this technology.

Example of the differences:

The US and China are taking very different paths in the development and deployment of artificial intelligence. In the US, innovation has largely focused on large language models (LLMs) and the virtual world, resulting in chatbots, image generators, and digital assistants like ChatGPT and Copilot. These tools have captured the imagination of both consumers and investors, but questions are now emerging about their real economic value. A recent MIT study, The GenAI Divide: State of AI in Business 2025, found that while more than 80% of organizations are experimenting with generative AI, only about 5% of pilots are delivering measurable value. Most remain stuck in early phases, hindered by fragile workflows, poor integration, and a lack of systemic readiness. Meanwhile, informal ‘shadow AI’ usage, that is employees using tools outside official channels, has exploded, thereby creating a mismatch between official adoption and actual productivity gains.

By contrast, China’s approach to AI is more grounded in real-world applications. As Chinese economist Andy Xie recently explained on Tegenlicht, AI development in China is focused on practical domains such as mining, electric vehicles, and industrial efficiency. Unlike the high-cost, high-hype American model, China’s AI strategy emphasizes low-cost, scalable technology that delivers tangible utility. This makes it particularly attractive to the Global South, where cost and accessibility often outweigh cutting-edge innovation. A striking example is DeepSeek, a Chinese open-source chatbot that was developed with limited funding and no ties to elite academic institutions. Despite this, it is 10× more energy-efficient than OpenAI’s models and is already being integrated into consumer products like cars.

https://freedomlab.com/posts/the-ai-narrative-divide-between-the-us-and-china

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