this post was submitted on 31 Mar 2026
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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.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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Is it fundamentally weird that massive companies have such massive spikes of essentially imaginary valuation? Isn't the only useful thing we get out of turning our economy into a casino accurate pricing driven by market forces? How can this market decide if a massive established figure is worth $300 or $150 decades after its creation?
The answer is surprisingly easy, the valuation comes from the price people are willing to pay for the stock.
People seem to believe the AI hype will increase value, or at least are willing to bet that it will, and thus are willing to pay more for it.