You speak the truth. These idiots sank trillions into a technology that people are very meh about. If it all comes crumbling down, they really, really have nobody to blame but their own greed.
They forced massive shifts across the economy and wasted massive resources chasing a speculative technology all for power. We all suffer because of this and the government refuses to deal with it because we elect business friendly, ambitious liars.
We all learned the lesson but the people who could implement the lesson refuse to because it isn't to their personal advantage. We all know what the wise thing to do is but that would disempower some very rich and influential people who should never have been allowed to grow to be so influential over the state, aka us, that we can't stop them from forcing us to pay for their speculative risk taking.
“We should privatise service X so it’s more efficient” X collapses “We can’t afford to let X fail despite the fact that it ran at massive profits all the way to it’s collapse so we’ll bail it out” THEN WHAT WAS THE POINT OF PRIVATISING IT IN THE FIRST PLACE?!
You can take on the burden of running the thing and therefore the cost of making it public, or you can allow it to be private with the caveat that they must pay a substantial (enough for the government to not be at a net loss) tax as a kind of insurance in the event a bailout is needed, but don’t take on the worst of both worlds where the profits are private and the losses are public.
Let the taxpayers prop up failing companies. Corpo welfare is the good kind of welfare even though most of the money gets sucked up by the Executives and share buy backs.
Oh I'm not trying to defend or exalt China. I'm saying that we should be like China when it comes to dealing with billionaires. Or even better, be like Vietnam, when the court ordered a billionaire who defrauded thousands to pay in time or be executed.
Oh, they learned. We thought them that no one will be accountable and that the greediest will be bailed out and continue to get richer and richer. We are keeping jackals in our house, and we are giving them a pat on the head and a tasty treat every time they bite our children.
until the US regulates it's financial markets for the common good like most of the rest, it will forever remain the country of shortsighted degenerate gamblers
[he] addressed the “immense” energy needs of AI, acknowledging that the intensive energy requirements of expanding AI ventures have caused slippage on Alphabet’s climate targets. However, Pichai insisted that the company still wants to achieve net zero by 2030 through investments in new energy technologies. “The rate at which we were hoping to make progress will be impacted,” Pichai said, warning that constraining an economy based on energy “will have consequences.”
We need "line go up" so badly, we're willing to bake the planet.
“We will have to work through societal disruptions,” he said, adding that the technology would “create new opportunities” and “evolve and transition certain jobs.”
Someone once described AI as "a way for the wealthy to access the benefits of the skilled, without allowing the skilled to access the benefits of wealth".
or since there are FOSS AI models that are free as in free beer it allows everyone to access the benefits of the privileged - i.e. those who can specialized in fields like arts that aren't conducive to making enough money out of the gate to survive as a working class person
Do you have another retort besides "lol"? Spending the amount of time required to produce professional art when an income isn't directly guaranteed is a risk most of us can't take, FYI.
You still can't make
Yeah and why would I need to?
If I don't enjoy that particular process nearly enough to learn how to make it good, and I wanted it to be good and I was feeling creative and had an idea for it, I could just get it made for me, free of charge, free of corpo influence or any strings attached. It's a sweet deal.
Because you don't care about making art, so you choose comfort and financial safety.
Yeah, I choose to eat, so do you, evidently.
But my choices on how I earn that bread were more limited than yours, again - evidently.
Beyond that, I choose not to make assumptions about you or your life like you've done with mine.
Also lol "comfort and financial safety". No. Not for most people in most of this world. It's more like survival vs not survival.
So how does this have nothing to do with privilege? It literally is what privilege is.
Telling poors to learn art is like telling someone to bet everything on starting a business. It's a good idea only if you're rich, because if you fail - and to learn you must fail sometimes - you can try again, but the working class doesn't get the luxury of second chances.
You're talking about outsourcing art, but then complain about who actually make art.
No, I'm talking about generating art from a prompt, I have no issues with people who make art obviously, as long as they don't have an issue with those who lack the resources to develop the skills and instead use AI to put their ideas into action or polish existing ones.
If you'd like to change my mind, show me a few professionally successful present-day working class artists.
This means they:
Make most of their income from their work
Most active period this or past decade and they are no older than 40.
Working class background, so no artists in family at all, no industry connections they didn't make themselves, no nepotism etc.
Also lol, of course I care about making art, why else would I be even talking about it, much less pointing out that generative AI accidentally or not - corrects a class injustice?
If I saw no value in making art, why would I ever consider it an injustice that the working class cannot enjoy it?
I make music in my spare time whenever I can and have for years, and no I don't and would never use any generative AI tools for the music itself, nor do I even sample any other music, and I think I've even improved at it somewhat despite a lack of basically any education on the subject matter beyond a few guides and YouTube videos on music theory here and there. It's a highly rewarding hobby.
Realistically though, that 'whenever' is simply not enough time to create anything professional and polished enough for me to sell and for it to appeal to anyone besides myself and whatever loved one is unfortunate enough to be subjected to it.
Oh the great technology god will help us. We will have so much reduction, you cannot imagine! We have no idea how but surely throwing money at it will get things done. Trust us!
Any economy or technology that can't work within energy constraints doesn't deserve to exist. For fuck's sake, even Bitcoin adjusts difficulty down during its frequent crashes.
those billionaites that gambled the US economy on an executive borwnosing machine will get a bailout paid by those who lost healthcare and can't afford food. 2008 all over again.
Let's be very clear: Pichai is one of the Very Big Assholes whose name should be uttered in the same breath with Thiel, Altman, Zuckerberg etc.
He drew comparisons to the late 1990s Internet boom, which saw early Internet company valuations surge before collapsing in 2000, leading to bankruptcies and job losses.
“We can look back at the Internet right now. There was clearly a lot of excess investment, but none of us would question whether the Internet was profound,” Pichai said. “I expect AI to be the same. So I think it’s both rational and there are elements of irrationality through a moment like this.”
Equating the dot-com bubble with the internet. Only a $trillion company CEO could spout such bs. And the misinterpretation translates very well to AI.
Frankly, what I'm getting from this article is "Hey, we're not the #1 in the current hype, so would everybody else please slow down a little so we're all at least on equal footing again?"
And the idea that it could all burst, leaving not only Google/Alphabet utterly destroyed - don't threaten me with a good time, Sundai!
AI winters and history repeating itself. As a concept it's here to stay, but every incarnation leads to a cycle of misconception, hype, and disillusionment
Make no mistake. Just like the housing bubble of 2007 and 2008 there are people poised and ready to make tons of money off of the deflation of the AI bubble.
Actually it's more about the how. The people betting against the housing market put their chips down as early as 2005. They just had to find a way to profit from it.
That's not how people made money. That's what precipitated the crash. Shorting companies that were exposed would have been one route to make money - but as I said before, the smart piece there is in the timing not the mechanism. Shorting stock isnt difficult...Shorting it at the right time can be.
This is a threat. They know that they're using the stock market to fund their greed and that anyone with savings tied up there (Retirement funds that are invested in the market) will be on the hook. Plus the tax payer money they're going to ask for because they're "too big to fail".
I was opposed to the bailouts in 08', and I'm severely against any of these fuckers getting more resources to attack me. It's absurd. What's more absurd is that both aisles will support it, but Americans healthcare will be at 5k a month 😂〽️
Don't worry, I'm sure there will be a huge government bailout that the people have no say in. Remember 2008? I don't remember voting to give away piles of money to the bankers.
You know what Iceland did when there was suspicious investing and they had bank failures? They put the bankers in jail! What did we do? We gave them a bonus!
It's only bizarre until you realize this isn't a failure of the system. This is a success for the people getting the payout. They have lobbied and deeply infiltrated the government. The US government doesn't serve the citizenry anymore. It serves the rich and powerful. The rest of us are just useful as consumers to funnel money to the corporations.
Nah, most of Europe did exactly the same thing as America last time around. Hell the EU went out of its way to make sure bankers didn't lose money (how do you think Greek Debt which was entirely in private hands ended up in the hands of the EU, which then turned around and forced Austerity of Greece "to avoid losses of money of EU taxpayers") - the Corruption was just as bad on this side of the pond as it was on the other.
Iceland stands out because they were almost unique in the West in making the bankers pay for their shenanigans.
Good luck finding that in any large or even mid-size company. If you think you found one, good chance you probably just found one with a lot of Shadow IT and poor visibility.
It doesn't work like this though. If your pension fund is heavy into a company that suddenly loses 90% of its value, your pension suddenly becomes worth a lot less..
I know what you're saying, but if a company is valued at 10 billion for instance, then gets revalued down to 100mil, that difference has not gone anywhere, it has simply ceased to exist. And if you had invested 100k to own 0.001% of the 10 billion company, you now only own 0.001% of a 100 million company. Your investment has lost its value, with whatever implications that has for you. The value hasn't shifted around, it's ceased to exist!
Who is “no one”? Because yeah, there will be splash damage, but some sectors (“AI” companies and the megacorps involved in the massive ongoing self-dealing circlejerk) will collapse, but others will simply see a correction. And I’ve already dumped anything LLM-related (as well as most US-based securities and ETFs) as of early this year. So I’ll take a hit (everyone will take a hit), but it’s not going to be nearly as bad as it will be for all the bag holders.
Tech companies will ask (and get) an enormous bailout so they don't have to fire everyone, and then they will fire everyone anyway. In order to recoup some of the budget losses, King Trump will implement one or two more taxes
The plumbers will. The electricians will. The carpenters will. The bricklayers will. The farmers will. The steel plant workers will. The dockyard workers will.
Yes, if you’ve got savings invested it’ll touch you, but the actual jobs - you know the ones adding and making real, concrete things, probably won’t notice a big different if the AI stocks tank 30% in a day.
Many electricians, carpenters, and steel plant workers are currently working to build AI data centers. Funding other projects has been postponed or cancelled as the AI data centers are able to pay more
Electricians especially. Trump cancelled many clean energy projects, which created large swaths of electricians without work if it weren't for AI data centers
So, they want us all to suffer for their bad decisions? Well that just puts us all on the same playing field (except for the 1%) and at which point, we will revolt and take them (1%) down with us.
Quiet quitting is our best bet. If they don't give you decent health care and a retirement plan then we're just doing the minimum. Why would we work harder for less in return? Maybe we can just all start our own AI business. Every American can have their very own AI automated business with passive income.
If they don’t give you decent health care and a retirement plan then we’re just doing the minimum. Why would we work harder for less in return?
Don't even do the minimum. Will McDonald's give give you half a of a cheeseburger if you only pay half? Will a bank only seize half your house if you start paying half your mortgage payment? Why would we give them half-effort for a penny less than what we're worth?
It's painful and slow but more and more people are learning to live without working. Not an easy life but it's probably going to be necessary at some point if this system is ever going to change.
Quiet quitting is such a bizarre phrase for me as Irish. As long as we do our jobs right, we can do whatever we want. At the end of the day, a job is meant to put food on the table, not be your life. Even some of the worst companies I have worked have a laidback attitude compared to workplaces abroad.
103 Comments
minorkeys@lemmy.world · 224 pts · 266d
Too big to fail is too big to exist. Break them up.
manxu@piefed.social · 31 pts · 266d
You speak the truth. These idiots sank trillions into a technology that people are very meh about. If it all comes crumbling down, they really, really have nobody to blame but their own greed.
minorkeys@lemmy.world · 11 pts · 266d
They forced massive shifts across the economy and wasted massive resources chasing a speculative technology all for power. We all suffer because of this and the government refuses to deal with it because we elect business friendly, ambitious liars.
Clent@lemmy.dbzer0.com · 7 pts · 266d
Too big to not let fail.
That was lesson.
I'm sure we managed to avoid learning it.
minorkeys@lemmy.world · 4 pts · 265d
We all learned the lesson but the people who could implement the lesson refuse to because it isn't to their personal advantage. We all know what the wise thing to do is but that would disempower some very rich and influential people who should never have been allowed to grow to be so influential over the state, aka us, that we can't stop them from forcing us to pay for their speculative risk taking.
nuko147@lemmy.world · 119 pts · 266d
He means the taxpayers.
e461h@sh.itjust.works · 74 pts · 266d
Privatize the profits, socialize the losses
conorab@lemmy.conorab.com · 23 pts · 266d
“We should privatise service X so it’s more efficient” X collapses “We can’t afford to let X fail despite the fact that it ran at massive profits all the way to it’s collapse so we’ll bail it out” THEN WHAT WAS THE POINT OF PRIVATISING IT IN THE FIRST PLACE?!
You can take on the burden of running the thing and therefore the cost of making it public, or you can allow it to be private with the caveat that they must pay a substantial (enough for the government to not be at a net loss) tax as a kind of insurance in the event a bailout is needed, but don’t take on the worst of both worlds where the profits are private and the losses are public.
ShaggySnacks@lemmy.myserv.one · 19 pts · 266d
Let the taxpayers prop up failing companies. Corpo welfare is the good kind of welfare even though most of the money gets sucked up by the Executives and share buy backs.
TankovayaDiviziya@lemmy.world · 6 pts · 266d
At least China is right about not bailing out their companies when their own property bubble collapsed.
chuckleslord@lemmy.world · 2 pts · 266d
The bar can't be "not as corrupt as America". That's not a bar, that's the ground. They can and should do better.
TankovayaDiviziya@lemmy.world · 4 pts · 266d
Oh I'm not trying to defend or exalt China. I'm saying that we should be like China when it comes to dealing with billionaires. Or even better, be like Vietnam, when the court ordered a billionaire who defrauded thousands to pay in time or be executed.
chuckleslord@lemmy.world · 2 pts · 266d
Agreed.
rumba@lemmy.zip · 2 pts · 266d
The amount of bailing out should be inversely proportionate to the amount of people fired during record profits.
paraphrand@lemmy.world · 117 pts · 266d
Was that a threat?
And I hope he wasn’t threatening everyone who participates in the global economy.
goondaba@lemmy.world · 40 pts · 266d
Lol that’s how I read it, or at least trying to suggest they’re in a Mutually Assured Destruction scenario.
WanderingThoughts@europe.pub · 17 pts · 266d
"No bail-out, no economy" basically.
A_norny_mousse@feddit.org · 17 pts · 266d
"Google might break! Please be careful!" - the threat of a good time.
mmmac@lemmy.zip · 1 pts · 265d
What part of that article read like a threat to you lol
comador@lemmy.world · 73 pts · 266d
Wall Street didn't learn from past events and is doomed to repeat history?
Shocking... /s
ideonek@piefed.social · 56 pts · 266d
Oh, they learned. We thought them that no one will be accountable and that the greediest will be bailed out and continue to get richer and richer. We are keeping jackals in our house, and we are giving them a pat on the head and a tasty treat every time they bite our children.
tirednapstablook@lemmings.world · 5 pts · 266d
ideonek@piefed.social · 10 pts · 266d
All reasoning must crumble before one prime directive: The richest can only get richer. No matter the cost.
minorkeys@lemmy.world · 15 pts · 266d
They learn how to profit the next time.
umbrella@lemmy.ml · 11 pts · 266d
WanderingThoughts@europe.pub · 6 pts · 266d
They've learned they can get away with it.
IronBird@lemmy.world · 6 pts · 266d
until the US regulates it's financial markets for the common good like most of the rest, it will forever remain the country of shortsighted degenerate gamblers
aramis87@fedia.io · 64 pts · 266d
We need "line go up" so badly, we're willing to bake the planet.
Someone once described AI as "a way for the wealthy to access the benefits of the skilled, without allowing the skilled to access the benefits of wealth".
LainTrain@lemmy.dbzer0.com · 3 pts · 266d
or since there are FOSS AI models that are free as in free beer it allows everyone to access the benefits of the privileged - i.e. those who can specialized in fields like arts that aren't conducive to making enough money out of the gate to survive as a working class person
MrSmith@lemmy.world · 9 pts · 266d
"Privileged" lol.
If you couldn't make a poem before "AI", you still can't make a poem now.
LainTrain@lemmy.dbzer0.com · -7 pts · 266d
Do you have another retort besides "lol"? Spending the amount of time required to produce professional art when an income isn't directly guaranteed is a risk most of us can't take, FYI.
Yeah and why would I need to?
If I don't enjoy that particular process nearly enough to learn how to make it good, and I wanted it to be good and I was feeling creative and had an idea for it, I could just get it made for me, free of charge, free of corpo influence or any strings attached. It's a sweet deal.
MrSmith@lemmy.world · 8 pts · 266d
Because you don't care about making art, so you choose comfort and financial safety. It has nothing to do with "Privilege".
You're talking about outsourcing art, but then complain about who actually make art.
Art isn't output/result. That's exactly what you're getting from your gen slop.
LainTrain@lemmy.dbzer0.com · -3 pts · 266d
Yeah, I choose to eat, so do you, evidently.
But my choices on how I earn that bread were more limited than yours, again - evidently.
Beyond that, I choose not to make assumptions about you or your life like you've done with mine.
Also lol "comfort and financial safety". No. Not for most people in most of this world. It's more like survival vs not survival.
So how does this have nothing to do with privilege? It literally is what privilege is.
Telling poors to learn art is like telling someone to bet everything on starting a business. It's a good idea only if you're rich, because if you fail - and to learn you must fail sometimes - you can try again, but the working class doesn't get the luxury of second chances.
No, I'm talking about generating art from a prompt, I have no issues with people who make art obviously, as long as they don't have an issue with those who lack the resources to develop the skills and instead use AI to put their ideas into action or polish existing ones.
If you'd like to change my mind, show me a few professionally successful present-day working class artists.
This means they:
Also lol, of course I care about making art, why else would I be even talking about it, much less pointing out that generative AI accidentally or not - corrects a class injustice?
If I saw no value in making art, why would I ever consider it an injustice that the working class cannot enjoy it?
I make music in my spare time whenever I can and have for years, and no I don't and would never use any generative AI tools for the music itself, nor do I even sample any other music, and I think I've even improved at it somewhat despite a lack of basically any education on the subject matter beyond a few guides and YouTube videos on music theory here and there. It's a highly rewarding hobby.
Realistically though, that 'whenever' is simply not enough time to create anything professional and polished enough for me to sell and for it to appeal to anyone besides myself and whatever loved one is unfortunate enough to be subjected to it.
MrSmith@lemmy.world · 1 pts · 266d
I stopped reading after the first two sentences.
LainTrain@lemmy.dbzer0.com · -1 pts · 266d
hummingbird@lemmy.world · 2 pts · 266d
Oh the great technology god will help us. We will have so much reduction, you cannot imagine! We have no idea how but surely throwing money at it will get things done. Trust us!
explodicle@sh.itjust.works · 1 pts · 266d
Any economy or technology that can't work within energy constraints doesn't deserve to exist. For fuck's sake, even Bitcoin adjusts difficulty down during its frequent crashes.
IAmNorRealTakeYourMeds@lemmy.world · 55 pts · 266d
you're kidding right?
those billionaites that gambled the US economy on an executive borwnosing machine will get a bailout paid by those who lost healthcare and can't afford food. 2008 all over again.
explodicle@sh.itjust.works · 15 pts · 266d
We should improve society somewhat.
IAmNorRealTakeYourMeds@lemmy.world · 12 pts · 266d
that sounds like antiameticamism and therefore legally making you a terrorist
FinishingDutch@lemmy.world · 3 pts · 266d
I believe the French had a nice invention for that. And it’s not the ‘pain au chocolat’…
Blisterexe@lemmy.zip · 2 pts · 266d
tbf the 40 years after the french revolution were called "the terror"
IAmNorRealTakeYourMeds@lemmy.world · 1 pts · 266d
didn't they ended up with an emperor?
we learned that violent revoluts without unity and theory will succeed in creating another unfair system.
Organise, join local groups, join those groups with other groups.
stormeuh@lemmy.world · 6 pts · 266d
It makes more sense if you read it as a threat.
A_norny_mousse@feddit.org · 45 pts · 266d
Let's be very clear: Pichai is one of the Very Big Assholes whose name should be uttered in the same breath with Thiel, Altman, Zuckerberg etc.
Equating the dot-com bubble with the internet. Only a $trillion company CEO could spout such bs. And the misinterpretation translates very well to AI.
Frankly, what I'm getting from this article is "Hey, we're not the #1 in the current hype, so would everybody else please slow down a little so we're all at least on equal footing again?"
And the idea that it could all burst, leaving not only Google/Alphabet utterly destroyed - don't threaten me with a good time, Sundai!
floquant@lemmy.dbzer0.com · 4 pts · 266d
AI winters and history repeating itself. As a concept it's here to stay, but every incarnation leads to a cycle of misconception, hype, and disillusionment
buddascrayon@lemmy.world · 42 pts · 266d
Make no mistake. Just like the housing bubble of 2007 and 2008 there are people poised and ready to make tons of money off of the deflation of the AI bubble.
SaveTheTuaHawk@lemmy.ca · 14 pts · 266d
Jacked to the tits....
el_abuelo@programming.dev · 1 pts · 266d
The money to be made is on predicting when, not it it's going to burst. Otherwise we'd all be betting the house on it.
buddascrayon@lemmy.world · 4 pts · 266d
Actually it's more about the how. The people betting against the housing market put their chips down as early as 2005. They just had to find a way to profit from it.
el_abuelo@programming.dev · 0 pts · 265d
Interesting. And what was the how back then?
dontsayaword@piefed.social · 1 pts · 241d
Sub-prime mortgages going into default en masse
el_abuelo@programming.dev · 1 pts · 241d
That's not how people made money. That's what precipitated the crash. Shorting companies that were exposed would have been one route to make money - but as I said before, the smart piece there is in the timing not the mechanism. Shorting stock isnt difficult...Shorting it at the right time can be.
deliriousdreams@fedia.io · 42 pts · 266d
This is a threat. They know that they're using the stock market to fund their greed and that anyone with savings tied up there (Retirement funds that are invested in the market) will be on the hook. Plus the tax payer money they're going to ask for because they're "too big to fail".
DSN9@lemmy.ml · 5 pts · 266d
I was opposed to the bailouts in 08', and I'm severely against any of these fuckers getting more resources to attack me. It's absurd. What's more absurd is that both aisles will support it, but Americans healthcare will be at 5k a month 😂〽️
Cleptocracy much?
FergleFFergleson@infosec.pub · 36 pts · 266d
Let me fix that for you: "When an AI bubble pops..."
BradleyUffner@lemmy.world · 2 pts · 265d
"if all you plebs don't do everything in your power to keep pushing this this bubble higher, I'm going to make sure you all feel the pain."
RememberTheApollo_@lemmy.world · 30 pts · 266d
“I’m gonna take you all down with me!”
Then I’ll ask for a sweet socialist bailout while the rest of you enjoy rugged capitalism.
yarr@feddit.nl · 29 pts · 266d
Don't worry, I'm sure there will be a huge government bailout that the people have no say in. Remember 2008? I don't remember voting to give away piles of money to the bankers.
You know what Iceland did when there was suspicious investing and they had bank failures? They put the bankers in jail! What did we do? We gave them a bonus!
God bless America, because we'll need it!
pyria@kbin.melroy.org · 5 pts · 266d
yarr@feddit.nl · 5 pts · 266d
It's only bizarre until you realize this isn't a failure of the system. This is a success for the people getting the payout. They have lobbied and deeply infiltrated the government. The US government doesn't serve the citizenry anymore. It serves the rich and powerful. The rest of us are just useful as consumers to funnel money to the corporations.
CaptPretentious@lemmy.world · 5 pts · 266d
Only if you con the poors. If you con someone who's rich or "powerful", then you get punished.
Aceticon@lemmy.dbzer0.com · 2 pts · 266d
Nah, most of Europe did exactly the same thing as America last time around. Hell the EU went out of its way to make sure bankers didn't lose money (how do you think Greek Debt which was entirely in private hands ended up in the hands of the EU, which then turned around and forced Austerity of Greece "to avoid losses of money of EU taxpayers") - the Corruption was just as bad on this side of the pond as it was on the other.
Iceland stands out because they were almost unique in the West in making the bankers pay for their shenanigans.
cirkuitbreaker@sh.itjust.works · 29 pts · 265d
Translation: we juiced the bubble so good trying to make a trillion dollars that when it pops, the world economy is coming down with it.
AstralPath@lemmy.ca · 8 pts · 265d
More like we juiced the bubble so good trying to make a trillion dollars that you (world governments) better not let it pop.
JcbAzPx@lemmy.world · 28 pts · 265d
Any company not using AI for anything will be pretty unaffected when this bubble pops.
NotMyOldRedditName@lemmy.world · 13 pts · 265d
except their employee benefits package is guaranteed to touch companies impacted by it.
ianonavy@lemmy.world · 8 pts · 265d
Even if they don’t use AI, they probably trade with a company that does.
BarbecueCowboy@lemmy.dbzer0.com · 2 pts · 265d
Good luck finding that in any large or even mid-size company. If you think you found one, good chance you probably just found one with a lot of Shadow IT and poor visibility.
frog_brawler@lemmy.world · 28 pts · 266d
AngularViscosity@piefed.social · 26 pts · 266d
The sooner the better. Can't wait!
Kaboom! 💣 💥
popekingjoe@lemmy.world · 25 pts · 266d
Good good. Let it all fall apart.
puppinstuff@lemmy.ca · 21 pts · 266d
The sooner the better. Less LLM infatuation means better customer service, less overall environmental impact, and more water available to cities.
mp3@lemmy.ca · 13 pts · 266d
And lower RAM price.
the_q@lemmy.zip · 7 pts · 266d
laranis@lemmy.zip · 3 pts · 266d
I agree, but the doomer in me just figures we'll be on to the next grift. Fuck.
puppinstuff@lemmy.ca · 2 pts · 266d
I’m just hoping whatever comes next isn’t space junk that makes colonization and satellites in general impossible.
just_another_person@lemmy.world · 19 pts · 266d
This is code for "Hey government, you better be ready to bail us all out".
Lucidlethargy@sh.itjust.works · 15 pts · 265d
Oh, that's where he's wrong. I think a great many of us will enjoy it.
bitjunkie@lemmy.world · 13 pts · 266d
The utter lack of self-awareness…
tirednapstablook@lemmings.world · 11 pts · 266d
muusemuuse@sh.itjust.works · 9 pts · 264d
That sounds like a threat
sirico@feddit.uk · 9 pts · 266d
That money goes somewhere so some people will be getting out better
supamanc@lemmy.world · 3 pts · 266d
It doesn't work like this though. If your pension fund is heavy into a company that suddenly loses 90% of its value, your pension suddenly becomes worth a lot less..
sirico@feddit.uk · 1 pts · 266d
Some people wouldn't be those people then would it?
supamanc@lemmy.world · 4 pts · 266d
I know what you're saying, but if a company is valued at 10 billion for instance, then gets revalued down to 100mil, that difference has not gone anywhere, it has simply ceased to exist. And if you had invested 100k to own 0.001% of the 10 billion company, you now only own 0.001% of a 100 million company. Your investment has lost its value, with whatever implications that has for you. The value hasn't shifted around, it's ceased to exist!
krooklochurm@lemmy.ca · 9 pts · 266d
I've taken shits with more value to the human race than Sundar Prichai
cosmicrookie@lemmy.world · 8 pts · 266d
Big tech has never seen common people as anything but data. It's funny they now are concerned for what will happen to us if their bubble bursts
jjlinux@lemmy.zip · 6 pts · 266d
What's funny is that you think they are concerned 🤣
bold_atlas@lemmy.world · 1 pts · 266d
I don't think they believe the concern is real.
"We should Improve society somewhat".
"It's funny you think they would let society improve lol! How naive!"
Please don't be like that. It's peak douche behavior.
demizerone@lemmy.world · 8 pts · 265d
Well now you know why Warren Buffet cashed out. He's going to buy all the tech companies on a fire sale.
gravitas_deficiency@sh.itjust.works · 8 pts · 266d
Who is “no one”? Because yeah, there will be splash damage, but some sectors (“AI” companies and the megacorps involved in the massive ongoing self-dealing circlejerk) will collapse, but others will simply see a correction. And I’ve already dumped anything LLM-related (as well as most US-based securities and ETFs) as of early this year. So I’ll take a hit (everyone will take a hit), but it’s not going to be nearly as bad as it will be for all the bag holders.
Nalivai@lemmy.world · 9 pts · 266d
Tech companies will ask (and get) an enormous bailout so they don't have to fire everyone, and then they will fire everyone anyway. In order to recoup some of the budget losses, King Trump will implement one or two more taxes
sunbeam60@feddit.uk · 6 pts · 266d
The plumbers will. The electricians will. The carpenters will. The bricklayers will. The farmers will. The steel plant workers will. The dockyard workers will.
Yes, if you’ve got savings invested it’ll touch you, but the actual jobs - you know the ones adding and making real, concrete things, probably won’t notice a big different if the AI stocks tank 30% in a day.
enumerator4829@sh.itjust.works · 8 pts · 266d
Who do you think pays for the bailouts in the end?
Taldan@lemmy.world · 7 pts · 266d
Many electricians, carpenters, and steel plant workers are currently working to build AI data centers. Funding other projects has been postponed or cancelled as the AI data centers are able to pay more
Electricians especially. Trump cancelled many clean energy projects, which created large swaths of electricians without work if it weren't for AI data centers
vane@lemmy.world · 6 pts · 266d
I'm waiting with money to buy Google for 1 dollar.
Snowclone@lemmy.world · 4 pts · 265d
promises promises.
thatradomguy@lemmy.world · 4 pts · 265d
So, they want us all to suffer for their bad decisions? Well that just puts us all on the same playing field (except for the 1%) and at which point, we will revolt and take them (1%) down with us.
GaryGhost@lemmy.world · 4 pts · 266d
Quiet quitting is our best bet. If they don't give you decent health care and a retirement plan then we're just doing the minimum. Why would we work harder for less in return? Maybe we can just all start our own AI business. Every American can have their very own AI automated business with passive income.
bold_atlas@lemmy.world · 5 pts · 266d
Don't even do the minimum. Will McDonald's give give you half a of a cheeseburger if you only pay half? Will a bank only seize half your house if you start paying half your mortgage payment? Why would we give them half-effort for a penny less than what we're worth?
It's painful and slow but more and more people are learning to live without working. Not an easy life but it's probably going to be necessary at some point if this system is ever going to change.
TankovayaDiviziya@lemmy.world · 1 pts · 266d
Quiet quitting is such a bizarre phrase for me as Irish. As long as we do our jobs right, we can do whatever we want. At the end of the day, a job is meant to put food on the table, not be your life. Even some of the worst companies I have worked have a laidback attitude compared to workplaces abroad.
kent_eh@lemmy.ca · 2 pts · 266d
It's just a trendy phrase for what has always been called work to rule.
Do precisely what your job description requires and not a single bit more.
TwinTitans@lemmy.world · 3 pts · 263d
Uh….well yeah.
marud@piefed.marud.fr · 3 pts · 266d
I will get out totally clean of that, so thank you and fuck you
edgemaster72@lemmy.world · 3 pts · 266d
Don't threaten my good time with a threat
M0oP0o@mander.xyz · 3 pts · 266d
One can dream.
KingThrillgore@lemmy.ml · 1 pts · 266d
Fuck it we ball. *gets a needle*
gergolippai@lemmy.world · 1 pts · 265d
It will be dirty pleasure fo sho