Snake oil salesman says snake oil market is stronger than it’s ever been
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.
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.
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.
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?
😄
This raises important questions worth discussing. The details matter here and I think we need more transparency around how decisions like this get made.
My guess is that because OpenAI is the worst of the AI offerings in the industry, NVIDIA is trying to reposition themselves with other companies that are worthwhile.
OpenAI is garbage. It is the household name, but not the go-to solution (in my anecdotal experience).
OpenAI has positioned themselves well as the…Kleenex of AI (where the brand name becomes the sort of…name) but they just aren’t good.
Looks at numbers.
Subtracts money being spent, from money being earned.
Huh.
Are you sure?
Huang draws a circle
#leverage
Obviously. Take it till you make it.
The 2026 global financial crisis will be really interesting to live through I’m sure.
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 am growing quite sick of living in interesting times…
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.
Does he actually ride a motorcycle?
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.
He is such a dweeb.
