So they can replace all workers. and won’t be able to make profit because they layed off all of the workers. Why do we need a government if they are investing all our resources in phasing us out? If you don’t work in our system you die so why are we allowing this again?
Fuck AI
"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 rich have it going both ways. They have convinced a subset of the lower classes to fight amongst and blame each other. Meanwhile they very shortdightedly are maximizing profits (not from the lower classes anymore because they have essentially bled us dry) but from other rich people who want to invest to maximize profits.
They have forgotten that the only way capitalism remains sustainable over time is if they continue to both provide products and services lower class individuals will spend money on, and if they continue to pay those lower class individuals money so they have money to spend. Right now they're busy grifting each other and our government is too stupid to look to the future, realize that the bubble has to pop sometime, and realize what that will mean for the market, the tax system, the tax payers, and the populace at large.
This is class warfare for profits over literally everything and it is going to crash the economy probably sooner rather than later.
Because idiots think that if we let the super rich become ultra rich then they will somehow in turn become regular rich.
Because people are stupid, the difference in intelligence between the stupidest and smartest people is increasing, and democracy puts the decision making process in the hands of the masses which are intrinsically stupid
It's a whole system designed for "intelligent" (read: manipulative, immoral, rich) people to take advantage of stupid people, and it works wonderfully in their favor.
And there's fuck all an average person can do about it besides attempt to deal with the stupid people and convince them to do more intelligent things.
I hate it here. I want to be surrounded by people capable of reason already...
If only capitalist democracy put the decision making power in the hands of the masses. We would have universal healthcare by now and like none of the wars of the past 30 years.
No, really it’s the capitalists who make decisions, and they’ve designed it so that the people who own capital can take advantage of the people who don’t own capital. It’s got very little to do with smart vs stupid, and very much to do with “has” vs “has not.”
yea, the fact that Trump won the elections kinda supports my argument
people act as they vote
I, too, have a fundamental hatred of the bell curve humanity finds itself on. I have better things I want to do than convince a bunch of dumb fucks to make better decisions. The psychopaths on the other hand delight in manipulating idiots. This is why I believe we should genetically study psychopathy and CRISPR that shit away.
and then try to salvage thier industry, by hiring"cheaply" SENIOR tech/engineers,,,etc and maybe outsource to AI=ALWAYS indians and still face bankruptcy.
Maybe I'm crazy, but I'm thinking this generation of AI is going to be a rug pull, and all of these companies will be "too big to fail" and they'll make a fortune as the consumers and taxpayers carry the cost.
Sounds about right, history is a circle
Like Ford stopping producing batteries for their own cars (byd says thanks) in order to convert the factory for datacenter-class batteries
The grift is so clear.
Bubble's gotta bubble.
It won’t affect energy prices, because the nuclear power plants they’re building to power their data centers are going to be up and running any minute now.
Just keep the golden investment teet flowing until it’s dry.
Aaaaaaany minute now.
keep the golden investment
Like investors have much choice. There's no big ticket item left promising much growth because most of the population has been squeezed and shaken down for every cent.
This is more capitalism being dumb with all that speculation :P (But then again, most of issues around LLMs come from that they are being developed and used in a capitalist system.)
Fuck capitalism
So what will it do to memory prices if the AI bubble pops right now?
Prices stay elevated but stop increasing, because, as we've learned from the "supply chain issues" of covid, prices must never come down even if the supposed cause of price increases is resolved.
Three ideas, one, memory chip makers pivot back to their usual lanes (maybe we get a glut and prices drop). Two, memory chip makers sink and bought by new memory chip makers (maybe more competition). Three, memory chip makers implode and machines are lost (production loss and prices shoot up). Any of these options will probably result in prices remaining the same sadly.
Butlerian Jihad when?
Someone wrote this, only to have their byline edited away.
Even better, they might not even be selling all the ones they’ve already made: https://unusualwhales.com/news/burry-demands-proof-of-warehoused-nvidia-gpus-ai-bubble-warning-hits-hard