Fuck AI

Probably no other world in the multiverse has warehouses for things which only exist in potentia, but the pork futures warehouse in Ankh-Morpork is a product of the Patrician’s rules about baseless metaphors, the literal-mindedness of citizens who assume that everything must exist somewhere, and the general thinness of the fabric of reality around Ankh, which is so thin that it’s as thin as a very thin thing. The net result is that trading in pork futures—in pork that doesn’t exist yet—led to the building of the warehouse to store it in until it does.

Terry Pratchett, Thud!

Imagine how cheap it will be once over supply inevitably occurs.

The frustration is valid, but it’s less ‘AI is dumb’ and more ‘markets chasing hype create weird shortages.

I'm going to be that guy and point out that LLM's are not really "AI", that's just the corporate buzzword but "AI" is a loosely defined thing.

I think we should all get better at calling them LLM's publicly to take some of the magic woo-woo away.

This is how every ramp-up in a market works. It is called hedging. The promised sales volume at that higher price then let companies invest in higher supply.

The problem here is that none of only four companies which manufacture RAM don‘t want to compete for this demand, but instead share the price increase among each either in profit margins. (This is of course, because they don‘t believe in the AI hype, but nonetheless RAM manufacturing is an oligopoly, which is a problem in of itself.)

Well, if this does come to pass then we'll be getting a ton of cheap memory next year.

...using gigawatts of power that aren't available on the grid

Is this a gross exaggeration, or is the entire SaaS-to-hardware supply chain under such deep speculation right now?

Remember folks, since the end of COVID another greedy cork sucker is crowned next billionaire every 30 hours.

The number of billionaires in the USA has nearly and will shortly eclipse double the number there were before 2020. How did they do that, you fucking know. By pretending they would die and their children would get AIDS if they didn't raise the price of every single product on the planet exorbitantly and without need to increase already skyrocketing year to year profitability. These greedy bastards not only did this, they want to kill all of us who they fleeced before we wake up to the facts.

TOO LATE

This actually explains a few things for me.

I never considered that RAM and GPUs could be traded as futures, but obviously they can...

This also reminds me of the trader at a trading company in London who had to take delivery of 28000 tonnes of coal due to forgetting to sell a future he owned.

He only found out as the receptionist asked him to come down and sign for it and he saw barges of coal coming down the river:

https://thedailywtf.com/articles/Special-Delivery

This is all just gambling with a bunch of cheaters. They can't use crypto schemes as much because people FINALLY figured out they were pump and dump scams .... so AI investment it is.

If we have to play this bubble game, can we at least force them to build some renewable energy sources with their unlimited funds so when the bubble pops, we have some extra renewable energy available to the grid?

profits that won't happen

I have yet to see speculation as to how the bubble survivors make a profit. At this point I think AI is being pushed to keep propping up the US economy.

Listen, I'm with you, but the reason is hyper capitalist speculative greed. It could be anything we're talking about "ghee wiz price upon rice hath trippled during these trying times because some bloke in Nippon stamped some papers to offer part of next seasons crops and the king gobbled these up like tendies on a naked lady"

I mean, credit where credit's due. This is just their next gang rape horse and the fact that it's visibly dead for months isn't really relevant to them. The one that gags first will just get stuck with the bags after the seasonal bukkake festival