Ms’s Satya Nadella is forgetting the rule “The customer is always right.” He is trying to force customers to a product they didn’t ask for our really need along with a lot of other customer unfriendly issues like nagging to use onedrive subscriptions and forcing to sign in to a MS account to use the OS. This is seriously getting me to consider moving to linux for my next pc build.
I hope Nvidia fcking brokes and back on his knees begging for his old clients who used to bought their gpus to buy the shitiest new version of the non improved but twice as expensive product.
If your talking about gamers, let’s be real here. They’ll lap up whatever scraps and bullshit Nvidia will give them and then thank Nvidia for gouging them.
I mean look at the recent stream surveys.
Pop! Pop! Pop! 💭
With the amount of money in this bubble, it would be better if slowly deflated instead popped.
Yah, lots of people also depend on the market for their futures. Pensions, 401Ks, IRAs, etc.
I don’t think that matters compared to what this crap does to the poanrt
poanrt?
Does this mean the AI Bubble will burst?
Snake oil salesman says snake oil market is stronger than it’s ever been
Given how many scams have surged in recent years, I kind of agree with that parody statement.
We are officially at the denial stage of this developing economic disaster.
At least they already fired everybody, in anticipation of their wild AI success. Hopefully, some of these companies will pivot, and figure out how to actually survive, and they’ll have to hire a lot of people to replace their AI.
They’re firing people living HCOL countries, and hiring in LCOL countries, using AI as cover.
A lot of the “AI” layoffs were using it as a plausible excuse for layoffs they wanted to do anyway. So I don’t anticipate a lot of them coming back.
IDK, the Altman talk a few days ago sounded a lot like bargaining.
It’s OK, these stages are not supposed to be sequential. They can go through them in any order, and even cyclically return to other stages. Even full acceptance can be relapsed from time to time.
See we keep getting told that AI is a great success and also a threat to humanity and that it’s going to take over the world in 5 minutes if we’re not careful. It has been literally years now and nothing has happened.
If that isn’t evidence of a bubble I don’t know what is. But somehow the complete lack of any meaningful progress seems to convince people even more
LLMs like what is being overhyped cannot take over the world.
They are not constant-thought processors. They are the most overbuilt autocomplete of all time.
The “take over the world” problem is the capitalists who see dollar signs in automating away humans.
If the current capabilities were enough to eliminate some human jobs, then they aren’t coming back. Someone else will offer up a cheap ai solution when the giants fall as the open source and Chinese models catch up and surpass them.
If ai allows the improvements hoped for, it’s likely to increase productivity for humanity just like all other major advances did.
It’s politics and laws that decide who benefits from it. Under our current systems, wealthy people and corporations benefit, but likey we’ll see increasing taxes on ai output and increases in ubi type schemes for people.
AI is a bubble currently but it is an advancement in tech that provides benefit. Just nowhere near the benefit to be actual intelligence.
Human jobs get eliminated by new tech all the time. This just has and will be rapid, which leads to upheaval. Unfortunately, it’s precisely at a time when the world is already moving towards war and authoritarianism, so it’s particularly bad timing.
The world isn’t moving towards war and authoritarianism. It’s being pushed there by the very people that own the AI companies.
Do pushed things not move in your neck of the woods?
Being pushed there or going there naturally, it’s still moving that direction.
The issue with lies, and any good liar will tell you that, is that once you lie you need to maintain that lie forever. You keep adding new lies, new layers, new context, and this house of cards becomes more and more convoluted, large, and fragile. It takes one piece to fall for everything to come down, yet, because everything is a chain of lies, you can’t stop.
So imagine what happens when you take the most valuable GPU company and go all in on AI, creating insane investments into everything that happens to use those two letters, purposely entering into circles where one company invests into another that invests back into the same company.
You can’t get out, you’re too far deep into the web of lies. You are so deep you must convince yourself with your own lies, because you added so many and everything is so fragile that your own mind is now an obstacle.
Good fucking luck when it crashes down.
Can confirm. As far as my mom in 1998 knew, I didn’t have access to the internet. I needed the password to go on her Earthlink 56k internet account.
I’m 42 now, and my mom STILL thinks I never knew her password.
I’m 42 years old, and still remember it, because of how many times 15 year old me typed that in.
I guess I don’t need to “maintain” that lie anymore. I can’t imagine a scenario where my 70+ year old mother will ask me about that exact situation, or why it would matter today.
I have always known. Love. -Mum
Edit: Vast majority of people have crap password management practices. :)
Didn’t even think of that. Changed it.
You can however share her maiden name, name of her first pet, and favourite movie - those are 3 harmless questions.
That made me smile, ever so small.
You don’t have to lie forever! You could totally Santa Clause it. Like I did with my kids, and Santa Clause. 🤣🤣🤣
Otherwise yeah fuck them.
Why would you lie about that specific 1994 Tim Allen film?
Because that guy is a bootlicker. I’d lie and tell them those movies don’t exist.
😄
Looks at numbers.
Subtracts money being spent, from money being earned.
Huh.
Are you sure?
Huang draws a circle
#leverage
The deal was too sloppy.
To not specifically define AGI was sloppy.
The 2026 global financial crisis will be really interesting to live through I’m sure.
Time invest in something safe and stable like gold
Tap for spoiler
/s
I think it’s still got a lot of gas. Investors still seem to be hyped about AI (e.g. the game stock downturn after Genie was announced), and that’s all that matters. Tesla has held a nonsensical value pretty much for its entire existence. Furthermore a lot of the money going into the market is passive (401ks going straight into very top-heavy index funds), propping the largest companies up.
I am growing quite sick of living in interesting times…
Compound it with Trump taking over the federal reserve.
I say we should make the new world default currency the Danish Krone, lets really stick the knife in
i’m certain all of us that haven’t bought into any of this will be fine and rich hedge funds won’t buy up property and stock from people with no options forced to sell at prices far less than what they paid
They would be insane to prop up OpenAI beyond at cost hardware or cuda integration support / tooling.
The steam is running out on funding. It was a one time event, like crypto.
They will regress to what they were before. Pushing horridly overpriced workstation cards and price gouging gamers and pumping out substandard garbage cards for prebuilt “gaming” pcs assembled by others with a shitload of flashy lights and no substance.
You can bet they will continue to develop proprietary standards akin to Sony to try and accomplish another big win that makes them quadrillionaires.
They have already leveraged their stock beyond their entire pre-AI market cap. There is no return to the old days now. If the AI boom goes bust on them, they have left themselves impossibly exposed. They will owe more money than they can possibly pay back.
They took what should have been a slam dunk to sell shovels for a gold rush with a nice fallback to previous viable business into an existential threat to their business.
I think a good non-tech comparison is moderna. They made a shitload of cash from covid vaccines being state subsidized and then once the initial backlog of orders cleared they reduced to next to no cash flow. They’re still better off than they were before (and nvidia will be too, there will always be some demand… but not years of backorders.) Moderna is still downsizing heavily though and can only have more layoffs unless something changes.
I’d say they will end up around 2-4x their original revenue, in ~5 years.
Does he actually ride a motorcycle?
He’s faking it, like every boomer with a crisis.
Hey, now, don’t knock it. Tech CEOs — particularly Steve Jobs — choosing to break with fashion trends were an important part of what made it socially acceptable to stop with the suit and tie stuff for everyone.
The old leather jacket was acceptable, the new one is fucking hideous though.
Obviously. Take it till you make it.
