The irony of people immediately and without hesitation to believe AI to fact check AI, and simultaneously increasingly anything that anyone does is accused of using AI, nearly every single time with zero evidence other than their own gut feeling. The wider internet is an increasingly miserable place to be, which is impressive that it somehow seems gets worse every year.
Console people are never going to quit if they haven’t already done so. Can’t expect much from people who willingly sign up to buy +$80 games that never go on sale, and which you never own and can never play without an internet connection, and are filled with micro transactions. The most insane have built an identity around a computer box that exploits them, and defend it vehemently against all the other fans whose only difference is being exploited by a different company playing on a very slightly different box. All to play slightly updated versions of the exact same IP of the same exact characters every few years to milk some more money from the suckers who eat it all up.
I have a big ratcheting screwdriver with the drivers stored in the handle, its so nice. And for smaller stuff I have a ratcheting right angle one that's great for leverage. That plus a tiny screwdriver with 30 different tiny bits for all different kinds of electronics, and a simple drill. It can all be had for under $50, compared to removing the frustration of not having the right bit plus the right tool which is priceless.
In addition to the other comment about Nvidia's circular financing, token prices are sliding as competition is increasing, while datacenter construction and operating costs are only going up. Companies are running low on money to the point where even the megacaps like facebook and google are issuing new shares for the first time in over a decade. These are companies which have collectively dumped trillions of dollars into share buybacks and held a trillion in cash on hand by the time AI came around.
Once the venture capital money is spent but the bills still keep coming, one bad earnings report will confirm what everyone is expecting. People will lose faith of the future growth that these valuations are built on, which will crater the stock prices and wipe out at least 20% of the S&P500 at a minimum.
Hydrogen would be a much better form of power for long haul, at least for ships and diesel trains and trucks. By weight it is more energy dense than gasoline but volume is the problem, however for a big ship or a train it makes perfect sense. Point to point intermodal logistics hubs with hydrogen production at either end produced entirely by excess renewable during the day.
Set up one facility in LA and one in Shanghai for ships transiting between them and that could cut thousands of vehicles worth of emissions for every ship. Expand that out to train terminals, truck stops, and certain airports for the right flights - they’re all generally located in the same area anyways.
The problem is the cost of production, but the solution is having so much excess solar generation throughout the day that the cost to produce becomes competitive. Battery tech can always improve, but hydrogen tech is here right now and available today, and only really requires the right incentive structure. Just building out solar panels to lower electricity prices low enough could do that.
Thats like saying water isn’t useful because it can’t pick up a hammer.
The bond market provides the liquidity to allow companies to take on debt in order to fund their operations, matching it to buyers willing to lend out the money. It is the thing that enables companies to produce anything to begin with. And It is not only vital to the private sector, but is the primary method for how the us government funds its budget.
SpaceX wouldn’t exist without the bond market, because the entire company is built on government handouts (designed to outsource everything to private companies for the benefit of the wealthy capital owning class) which were funded through government issued bonds that raised the capital to give to spacex for contracts.
The bubble will inevitably pop as the boomers start dying and the housing supply relative to the population starts increasing. Plus no want wants to pay for the catchup work needed to address 30 years of deferred maintenance, so a lot of houses will go for cheap.
It's just managers who have long since abandoned retaining any practical knowledge in the field, if they even had any at all, and pushing what their boss wants to hear and what they have all convinced themselves to be true in the world of management and linkedin lunatics, because that's how you get promoted in management. Because everyone from the top down is all in on AI because those at a high enough level are all chasing a seat at the table of the ownership class holding the keys to the AI kingdom and the stock valuations that come from it.
So if their company or their company's AI model or AI usage makes them an important client of someone that the stock market has deemed important, or if they think their company is the special chosen one that will figure out the secret to AI productivity that none of the other thousands of companies will, that is all that matters. They know nothing about its actual usage, just that more tokens = more usage and therefore must be good, because more usage means their company stock goes up and it that means a bigger golden parachute.
The problem is that either they are genuinely ignorant of the fact that it is a bubble, or they believe that they will be able to time their exit right. The worst part is that a lot of them will, but all the people and the organizational chaos that the burst of the bubble will create that they are knowingly contributing to, well that's some other sucker's problem. And that someone else is everyone, whose power and water bills will go up, whose ram and hard drive prices go up, and whose 401k will tank when the bubble collapses.
And while you're at it, remember that BP was formerly named the Anglo Persian Oil Company, which held a commercial monopoly on the oil extraction of Iran. It was majority owned by the british government and served to funnel the oil wealth back to London. When Iran's then democratically elected government wanted to nationalize the company, the UK and US fomented a coup in 1953 and installed a constitutional monarchy with a dictator Shah that would ally with the west. That's why they have F-4 tomcats, and fun fact, he was the one who commissioned mercedes to create the G-Wagon. Eventually resentment against the government would lead to the Iranian revolution in 1979 and the hostage crisis which would create the conditions that lead to today.
Not before partitioning the country by religion which would kill a few million and displace tens of millions, and which would lead to multiple wars and the violent repression of bangladesh as it sought independence. It would also facilitate the creation of two more nuclear armed states and perpetuate the religious tension and conflict that still persists to this day...
I don’t see how it couldn’t theoretically be done on the user’s end with the right client. Choose a certain feed and the client takes the information shared in the incoming post data like the title, description, community, vote count, and instance. Then isolates each post, classifies it, ranks it based on user preferences stored locally like upvote and downvote history, and the client then chooses the order of posts to show to the user. And if you wanted to go there you could even have a local simple machine learning model creating descriptions of image posts to cover everything.
Granted I actually know nothing about programming, but I don’t think you’d actually be processing that much data if you kept the algorithm simple. All it actually has to do is just choose a ranking based on metrics and keywords and assigned values. It also doesn’t have to achieve maximum retention or have single digit millisecond load time, it just has to give people a customized experience.
The problem is that all this overhead and maintenance would require some form of monetization, like injecting ads into the feed. Something like that has almost no demand right now, because the options we have for sorting are good enough and the people who want custom algorithms don’t know what federation means and aren’t paying. And honestly I think it might be better without it, because personally I don’t want lemmy to go mainstream and am happy with where it is now. I sort by top of the day in All, which basically crowdsources ranking anyways.
Major League Soccer has been gaining traction for a few years now, teams getting big and rich enough to buy Messi for $150M for 2.5 years, Apple bought the US MLS distribution rights for $2.5B over 10 years, a lot of people stand to make a lot of money. A whole new untapped market for fifa and the teams and advertisers and every company who advertises.
Yeah this is more like a return to the norm, just more blatant and overt. And even earlier than 100 years, before America was strong enough to reach out into the world and do this to other countries, it was manifest destiny against the indigenous. You won’t find a corner of this planet unmolested by American imperialism, and the hardest hit are still problems that persist to this day.
Whether it’s the Panama Canal, the Monroe doctrine, the Banana republics, or atrocities in Vietnam and Cambodia and Laos. Intervening in civil wars and conflicts that would eventually create Taiwan and South Korea and Israel as American vassal states built with the purpose of serving American interests. Fomenting a coup in Iran over oil which would usher in the Iranian revolution, or smashing Iraq which created a power vacuum for isis to form. Wherever and whenever America reaches out into the world, death and destruction will typically follow. And if it isn’t leaving a shattered and broken state for whoever is left to pick up the pieces, then it’s funding and arming one side of a war to create a satellite state to enrich itself which leaves a conflict ready to reignite at any moment.
And the hardware providers got a lot of that money from their stock valuation which increased from the last deal they made with the last AI company. And this deal raises the valuation to fund the next deal.
All of these datacenters and the semiconductors inside them are like the housing supply in 2008, assets that exist on paper whose construction was funded by the speculation of future returns of the AI companies, who have yet to turn a profit or come up with any useful revenue generating venture out of their glorified chatbots.
Its only a matter of time before the AI companies run out of investor money without having a source of revenue and profit generation to pay for all this infrastructure, and that's when the bubble pops. However I think we will be waiting for a very long time for that to happen, since the funding ultimately comes from tech companies who have stashed away probably a combined trillion dollars in cash over the last decade. The problem is, that pulls in more than just Nvidia and openAI; by market cap we're talking about a handful of tech giants that make up like 40% of the S&P500.
Not who you responded to but it depends entirely on the location. In the northeast there is decent and consistent appreciation and there has been for decades because it has always been populated. But home appreciation over 20, 30, or 50 years will struggle to beat the S&P500. Factor in property taxes and upkeep and you may just barely keep up with inflation. Just from inflation $216k in 06 would be $358k in 2025. As an asset its primary function is being a store of wealth that happens to be the roof on your head, something you can refinance to borrow money, and something to sell basically to pay for whatever you downgrade to when you enter the stage of preparing for death, whether it’s a condo or a nursing home.
All the money to be made comes from buying in bulk and renting out to people who cannot afford because everyone bought to rent out, while local government restricts supply through zoning because it would lower property values of everyone who only had their house as retirement because wages have not kept up with productivity or inflation and pensions and unions have been gutted.
Because it was 2020 during the height of a botched Covid response and a few months after George Floyd. And Biden barely won. If you do the math, it was about 21,500 people across three states that determined the outcome, where them voting for Trump instead of Biden would have been an electoral tie that would have been decided by Pence. That's a technical margin of 0.012% that Trump electorally lost by.
Yeah the financial crisis bankrupted the banks themselves. The structural foundation of the financial and banking industries were interconnected to bad mortgages that were distributed into financial instruments everywhere and speculated on like crazy by everyone, because they were mortgages and considered safe like bonds. Part of the reason why companies like GM went bankrupt was because their financial arm was significantly invested in mortgages, banks failed because their entire financial model was centered on mortgage returns, and people defaulted on houses en masse because they were allowed to get mortgages they were never able to afford.
But no one investing in stocks, particularly tech stocks, is doing so without explicitly gambling that money. A lot of venture capital might collapse, retail investors are going to get shit on, the general economy will slow as it does during a recession, but mostly this will play out like the dotcom bubble and be a large asset correction in the stock market. A few years of correction, consolidation of the industry, and everyone will pile onto the next bubble in a decade.
The irony of people immediately and without hesitation to believe AI to fact check AI, and simultaneously increasingly anything that anyone does is accused of using AI, nearly every single time with zero evidence other than their own gut feeling. The wider internet is an increasingly miserable place to be, which is impressive that it somehow seems gets worse every year.
Console people are never going to quit if they haven’t already done so. Can’t expect much from people who willingly sign up to buy +$80 games that never go on sale, and which you never own and can never play without an internet connection, and are filled with micro transactions. The most insane have built an identity around a computer box that exploits them, and defend it vehemently against all the other fans whose only difference is being exploited by a different company playing on a very slightly different box. All to play slightly updated versions of the exact same IP of the same exact characters every few years to milk some more money from the suckers who eat it all up.
I have a big ratcheting screwdriver with the drivers stored in the handle, its so nice. And for smaller stuff I have a ratcheting right angle one that's great for leverage. That plus a tiny screwdriver with 30 different tiny bits for all different kinds of electronics, and a simple drill. It can all be had for under $50, compared to removing the frustration of not having the right bit plus the right tool which is priceless.
In addition to the other comment about Nvidia's circular financing, token prices are sliding as competition is increasing, while datacenter construction and operating costs are only going up. Companies are running low on money to the point where even the megacaps like facebook and google are issuing new shares for the first time in over a decade. These are companies which have collectively dumped trillions of dollars into share buybacks and held a trillion in cash on hand by the time AI came around.
Once the venture capital money is spent but the bills still keep coming, one bad earnings report will confirm what everyone is expecting. People will lose faith of the future growth that these valuations are built on, which will crater the stock prices and wipe out at least 20% of the S&P500 at a minimum.
Hydrogen would be a much better form of power for long haul, at least for ships and diesel trains and trucks. By weight it is more energy dense than gasoline but volume is the problem, however for a big ship or a train it makes perfect sense. Point to point intermodal logistics hubs with hydrogen production at either end produced entirely by excess renewable during the day.
Set up one facility in LA and one in Shanghai for ships transiting between them and that could cut thousands of vehicles worth of emissions for every ship. Expand that out to train terminals, truck stops, and certain airports for the right flights - they’re all generally located in the same area anyways.
The problem is the cost of production, but the solution is having so much excess solar generation throughout the day that the cost to produce becomes competitive. Battery tech can always improve, but hydrogen tech is here right now and available today, and only really requires the right incentive structure. Just building out solar panels to lower electricity prices low enough could do that.
Thats like saying water isn’t useful because it can’t pick up a hammer.
The bond market provides the liquidity to allow companies to take on debt in order to fund their operations, matching it to buyers willing to lend out the money. It is the thing that enables companies to produce anything to begin with. And It is not only vital to the private sector, but is the primary method for how the us government funds its budget.
SpaceX wouldn’t exist without the bond market, because the entire company is built on government handouts (designed to outsource everything to private companies for the benefit of the wealthy capital owning class) which were funded through government issued bonds that raised the capital to give to spacex for contracts.
The bubble will inevitably pop as the boomers start dying and the housing supply relative to the population starts increasing. Plus no want wants to pay for the catchup work needed to address 30 years of deferred maintenance, so a lot of houses will go for cheap.
It's just managers who have long since abandoned retaining any practical knowledge in the field, if they even had any at all, and pushing what their boss wants to hear and what they have all convinced themselves to be true in the world of management and linkedin lunatics, because that's how you get promoted in management. Because everyone from the top down is all in on AI because those at a high enough level are all chasing a seat at the table of the ownership class holding the keys to the AI kingdom and the stock valuations that come from it.
So if their company or their company's AI model or AI usage makes them an important client of someone that the stock market has deemed important, or if they think their company is the special chosen one that will figure out the secret to AI productivity that none of the other thousands of companies will, that is all that matters. They know nothing about its actual usage, just that more tokens = more usage and therefore must be good, because more usage means their company stock goes up and it that means a bigger golden parachute.
The problem is that either they are genuinely ignorant of the fact that it is a bubble, or they believe that they will be able to time their exit right. The worst part is that a lot of them will, but all the people and the organizational chaos that the burst of the bubble will create that they are knowingly contributing to, well that's some other sucker's problem. And that someone else is everyone, whose power and water bills will go up, whose ram and hard drive prices go up, and whose 401k will tank when the bubble collapses.
And while you're at it, remember that BP was formerly named the Anglo Persian Oil Company, which held a commercial monopoly on the oil extraction of Iran. It was majority owned by the british government and served to funnel the oil wealth back to London. When Iran's then democratically elected government wanted to nationalize the company, the UK and US fomented a coup in 1953 and installed a constitutional monarchy with a dictator Shah that would ally with the west. That's why they have F-4 tomcats, and fun fact, he was the one who commissioned mercedes to create the G-Wagon. Eventually resentment against the government would lead to the Iranian revolution in 1979 and the hostage crisis which would create the conditions that lead to today.
I have to leave this thread.
Is my enemy’s enemy.
What we really need is for China to send someone to Mars first, and suddenly 3% of GDP will be ploughed into NASA's budget overnight.
Not before partitioning the country by religion which would kill a few million and displace tens of millions, and which would lead to multiple wars and the violent repression of bangladesh as it sought independence. It would also facilitate the creation of two more nuclear armed states and perpetuate the religious tension and conflict that still persists to this day...
I don’t see how it couldn’t theoretically be done on the user’s end with the right client. Choose a certain feed and the client takes the information shared in the incoming post data like the title, description, community, vote count, and instance. Then isolates each post, classifies it, ranks it based on user preferences stored locally like upvote and downvote history, and the client then chooses the order of posts to show to the user. And if you wanted to go there you could even have a local simple machine learning model creating descriptions of image posts to cover everything.
Granted I actually know nothing about programming, but I don’t think you’d actually be processing that much data if you kept the algorithm simple. All it actually has to do is just choose a ranking based on metrics and keywords and assigned values. It also doesn’t have to achieve maximum retention or have single digit millisecond load time, it just has to give people a customized experience.
The problem is that all this overhead and maintenance would require some form of monetization, like injecting ads into the feed. Something like that has almost no demand right now, because the options we have for sorting are good enough and the people who want custom algorithms don’t know what federation means and aren’t paying. And honestly I think it might be better without it, because personally I don’t want lemmy to go mainstream and am happy with where it is now. I sort by top of the day in All, which basically crowdsources ranking anyways.
Major League Soccer has been gaining traction for a few years now, teams getting big and rich enough to buy Messi for $150M for 2.5 years, Apple bought the US MLS distribution rights for $2.5B over 10 years, a lot of people stand to make a lot of money. A whole new untapped market for fifa and the teams and advertisers and every company who advertises.
Yeah this is more like a return to the norm, just more blatant and overt. And even earlier than 100 years, before America was strong enough to reach out into the world and do this to other countries, it was manifest destiny against the indigenous. You won’t find a corner of this planet unmolested by American imperialism, and the hardest hit are still problems that persist to this day.
Whether it’s the Panama Canal, the Monroe doctrine, the Banana republics, or atrocities in Vietnam and Cambodia and Laos. Intervening in civil wars and conflicts that would eventually create Taiwan and South Korea and Israel as American vassal states built with the purpose of serving American interests. Fomenting a coup in Iran over oil which would usher in the Iranian revolution, or smashing Iraq which created a power vacuum for isis to form. Wherever and whenever America reaches out into the world, death and destruction will typically follow. And if it isn’t leaving a shattered and broken state for whoever is left to pick up the pieces, then it’s funding and arming one side of a war to create a satellite state to enrich itself which leaves a conflict ready to reignite at any moment.
And the hardware providers got a lot of that money from their stock valuation which increased from the last deal they made with the last AI company. And this deal raises the valuation to fund the next deal.
All of these datacenters and the semiconductors inside them are like the housing supply in 2008, assets that exist on paper whose construction was funded by the speculation of future returns of the AI companies, who have yet to turn a profit or come up with any useful revenue generating venture out of their glorified chatbots.
Its only a matter of time before the AI companies run out of investor money without having a source of revenue and profit generation to pay for all this infrastructure, and that's when the bubble pops. However I think we will be waiting for a very long time for that to happen, since the funding ultimately comes from tech companies who have stashed away probably a combined trillion dollars in cash over the last decade. The problem is, that pulls in more than just Nvidia and openAI; by market cap we're talking about a handful of tech giants that make up like 40% of the S&P500.
Not who you responded to but it depends entirely on the location. In the northeast there is decent and consistent appreciation and there has been for decades because it has always been populated. But home appreciation over 20, 30, or 50 years will struggle to beat the S&P500. Factor in property taxes and upkeep and you may just barely keep up with inflation. Just from inflation $216k in 06 would be $358k in 2025. As an asset its primary function is being a store of wealth that happens to be the roof on your head, something you can refinance to borrow money, and something to sell basically to pay for whatever you downgrade to when you enter the stage of preparing for death, whether it’s a condo or a nursing home.
All the money to be made comes from buying in bulk and renting out to people who cannot afford because everyone bought to rent out, while local government restricts supply through zoning because it would lower property values of everyone who only had their house as retirement because wages have not kept up with productivity or inflation and pensions and unions have been gutted.
Because it was 2020 during the height of a botched Covid response and a few months after George Floyd. And Biden barely won. If you do the math, it was about 21,500 people across three states that determined the outcome, where them voting for Trump instead of Biden would have been an electoral tie that would have been decided by Pence. That's a technical margin of 0.012% that Trump electorally lost by.
Yeah the financial crisis bankrupted the banks themselves. The structural foundation of the financial and banking industries were interconnected to bad mortgages that were distributed into financial instruments everywhere and speculated on like crazy by everyone, because they were mortgages and considered safe like bonds. Part of the reason why companies like GM went bankrupt was because their financial arm was significantly invested in mortgages, banks failed because their entire financial model was centered on mortgage returns, and people defaulted on houses en masse because they were allowed to get mortgages they were never able to afford.
But no one investing in stocks, particularly tech stocks, is doing so without explicitly gambling that money. A lot of venture capital might collapse, retail investors are going to get shit on, the general economy will slow as it does during a recession, but mostly this will play out like the dotcom bubble and be a large asset correction in the stock market. A few years of correction, consolidation of the industry, and everyone will pile onto the next bubble in a decade.