This is a most excellent place for technology news and articles.
That’s the point. AI was never meant to succeed. It’s a ransom. They are willing to kill the hostages so to speak.
Please do. I'm tired of reading PKD novels, they're more fun happening IRL.
I don't have any money. Crash away. Fuck it.
The scumbags are getting better at making sure they end up rich when it happens. The only important thing from their point of view.
Not could. It's a mathematical certainty that it will. Barring a breakthrough miracle -- fat chance.
Sigh. Guess I'm gonna go read Ed Zitron's latest rant.
Haven't read it yet, no idea what he's on about today, but here's the link.
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/
Two years ago, NVIDIA CEO Jensen Huang said that “the more you buy, the more you save,”
Well, two years ago he was kind of right. But not in the way he meant it. But I should have bought 64gb instead of 32gb RAM when I built my gaming system
For what? I have 64gb and have almost never utilized it all. Maybe if I used integrated graphics running modded factorio on a big map with all of the graphics overhauls.
When you got nothing, you got nothing to lose.
Bob Dylan
I have hundreds of thousands of dollars to lose if the market pops lucky for time is on my side. This feels like the dot com bubble
This is going to be a mix of the 2000 Crash and the 2008 Crash.
I am entirely disconnected from "the economy". Fuck AI and fuck the market. Tech cunts have it coming.
And how does one become disconnected from 'the economy'?
When the economy crashes, and it will, rich peoole won't suffer, they will enrich themselves even more. Its always the poor that suffer
Yeah, good thing that I bought some gold and silver
What good will that be 'gainst the 20 stout men and their crossbows that will besiege you on the high road as you go to market on the Lord's Day?
Yippee!
I think that's kind of their idea. Be unsustainable and unprofitable, yet push to be on everything so the Goverment will bail them out.
The current everything bubble is too big to be bailed out. It will take down with it everything. Including the value of currency.
If this one bursting ends the USD status as Reserve Currency, that would be great.
Painful, but in the mid and long term great.
Yeah, like we haven't been through multiple "generational" recessions.
At this point I feel like I've spent more time alive during recessions than not, so what's one more for the pile - especially if it means getting to watch the AI bros go bankrupt.
Saddle up, sea biscuit
If that's the thing that kills the economy, the economy deserves to be killed
and take the economy with it...
Yeah like the last umpteen times this has happened in my lifetime. We live in a society of greed, who knew it would be so unstable?
But this hype is real. Promise! Really real! Or the next one!
See entry level people believe it's fundamentals. Smarter people understand that it's reading people and knowing when they're dumb enough to invest and knowing when to bail before they wise up. So if you think about it in those respects, it is indeed an honest to goodness "real" thing. People are really being ripped off by con-artist.
But yeah, the days of the 1890s to 1930s of structured investment, measured risk, and mitigation of the unforeseen, those days are dead. There aren't market fundamentals outside of being able to identify rubes.
I wonder if we will be able to get GPUs and RAM for reasonable prices afterwards.
I wonder if we'll be able to get food at reasonable prices afterwards
Eh. I know how to hunt. I don't know how to manufacture GPUs and RAM.
I’ve put all my money in pogs so I should be ok.
Uhh, bottle caps are the future.
Nuka-cola is hard to come by here tho.
I've wondered ... are the bottlecaps radioactive?
How does that work out when you have a pocketful next to your nuts?
You joke, but you can buy it. Jones Soda makes it. That said, it's not worth buying except to keep the bottles as collectibles.
In-game, no they aren't radioactive. Most of the wasteland somehow isn't radioactive enough to set off a gieger counter. Yet a lot of the fresh meat and produce are radioactive. Doesn't make a whole lot of sense to me.
I quit drinking soda years ago as I got older and needed to cut shit that was making me fat.
I will (like every other year) occasionally have a Mountain Dew or a Sprite.
Soda is lovely stuff, but its definitely radioactive.
I'd try slurm. Once. Ain't putting the bottlecap next to my nuts tho.
Too big to fail...again...
The 2008 bailout happened because it was the banking sector that was exposed. If the consumer banks fail, everybody's accounts go up in flames.
Part of getting that bailout was that the banks had to restructure to insulate commercial banking from investment banking. Supposedly the investment arm can now get taken out, and the damage to the commercial arm is limited. I'll believe that when I see it. The big question at the moment is "how exposed are the banks?".
Oracle, Nvidia, Microsoft, OpenAI, Anthropic are all massively exposed. Nvidia and Microsoft might be big enough for a decimated version of themselves to come out the other side. Everyone else is going to the wall. No need to bail them out though. That's a contained explosion.
If the bank are making loans of hundreds of billions thinking they're sure fire money makers, but actually they're piles of shit, then it's 2008 again. That's when we see if they really protected the commercial arms of their banks.
The stability of our economy depends on them quickly changing course.
Oh. Well.
It has always been either the economy crashing because the AI bubble pops, or the economy crashes because the bubble didn't pop due to AI successfully replacing enormous numbers of workers.
Or the economy crashes by AI replacing everyone and doing an absolute terrible job, causing stuff like supply chain collapse and communication/power outages.
I have yet to see someone explain how this whole thing actually works out. Just a dozen different scenarios that turn out terrible for almost everyone. The only scenario that works out is if a handful of people like Altman absolutely rule the world, become de facto dictators as they are the ones that control the few AI companies that run everything. And by work out, I mean it works out for that handful of people. For the rest of the world it's probably just about the worst case scenario. But you just know it's the scenario scammy Altman is hoping for.
Let the dominoes fall.
