"Every part of the AI bubble — this fucking charade — is unprofitable, save for NVIDIA and the construction firms erecting future laser tag arenas full of negative-margin GPUs."
-Ed Zitron
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@pluralistic And of course except the people who have had productivity gains thanks to AI.
@pluralistic I'm not sure about it being profitable for nvidia. They're getting paid with money they loaned out and the loans won't be repaid. They're just piling up huge losses for when the bubble pops.
@pluralistic It's not about turning a profit, it's about spying on you; that's why Trump is all in on AI. When/if the bubble burst, they'll be bailed out by the government as "Too Big To Fail" with MAGA gaining direct or indirect control of the data centers.
@pluralistic except this is another space race. Look up "the peace dividends of the smartphone wars". It is a bubble, it is a gold rush mentality,. but unlike crypto, which is grifters, criminals, and human trafficking to the bone.. GAI/LLMs have clear utility.. if used properly where they can reduce human scutwork. This whole binary "it's all good or bad, it's all black or white, it's either 1 or 0" mentality -- please apply it to crypto, which has ZERO practical use and causes far more harm.
@codinghorror @pluralistic If you've found LLMs useful on occasion, good for you. But the claims being made about a "new industrial revolution" go a bit further than saving a bit of time in meetings. It's not the proven utility of AI that's the problem. It's the unbelievable claims about the unproven utility.
Also "this meeting could have been an email" is a cliche. But it bears repeating if people think a data centre and several gigawatts of electricity are better than sending a few emails.
@codinghorror @pluralistic when have we ever used something properly
@alexmorse @pluralistic exactly. Try using crypto "properly". You can't. Unless you are buying illegal drugs on the darknet.
@codinghorror @pluralistic also agree, crypto is for circumventing existing law, period.
@alexmorse @pluralistic whereas I regularly save people on my team 2+ hours by using LLMs (pro models only, the rest suck) properly. I can provide dozens of examples. Email me if you want specifics. But almost nobody does because they don't want to hear anything that contradicts their simple love/hate black/white 1/0 mental model of this.
@codinghorror @pluralistic I misconstrued your argument and now get it. AI has broad utility, crypto does not.
The tangent I was taking is we (big broad we) are pretty terrible about using new technology responsibly and tend to use it, myopic, sleepwalking, wrecking shit for years to come.
@pluralistic Unlike what the county executives claim, they aren't even built by local builders or even labor. Those people are all brought in from Texas, which makes the local budget motels happy I guess.
@pluralistic LASER TAG H'YEAAAAAAAAAAHHHHH
@pluralistic We can probably convert the big boxes to homes but it will be very expensive and not the most attractive
"The dot com bubble was actually a great time to start reevaluating how and why we value stocks — to say “hey, wait, that $2 billion deal will only make $100 million in revenue?” or “this company spends $5 for every $1 it makes!” — but nobody, it appears, remained particularly suspicious of the tech industry, or a stock market that was increasingly orienting itself around conning shareholders."
https://www.wheresyoured.at/the-enshittifinancial-crisis/
#Enshittification #Finance #StockMarket #Tech #Technology #AI