• scytale@piefed.zipEnglish
    1·
    2 months ago

    More like, the AGI that those CEOs are saying will solve all the world’s problems as long as we keep giving them billions of dollars and more data centers.

    • Feyd@programming.dev
      1·
      2 months ago

      Right? How can everyone not see it? Didn’t they hear Dario say everyone will be replaced in 6 months for the 20th time since 2022?

  • ilinamorato@lemmy.world
    1·
    2 months ago

    The tech bros have been disastrously wrong about the future of technology twice since Moore’s Law broke and the endless treadmill of computer upgrades stopped: about crypto and about the metaverse. They’re desperate to not be wrong again, and they think that by spending enough money they can generate a reality distortion field that actually makes overhyped AI financially feasible. So they’re going to keep pumping the money in as long as they’ve got it. But even their wallets are finite.

  • skisnow@lemmy.caEnglish
    1·
    2 months ago

    The sad thing is that when it bursts it won’t do it in a hilarious “billionaires all get shafted” way like it didn’t any of the previous times. It’s far more likely to take the form of the most powerful AIs suddenly only being accessible to the wealthy.

    • drsilverworm@midwest.social
      1·
      2 months ago

      It will burst because billionaires decided to get out. They will know just before it happens and time their exit perfectly. Everyone else will suffer and then they will buy right back at a massive discount. They have all the information, the fastest movement, and control of the levers. I refuse to play this unwinnable game.

  • itkovian@lemmy.world
    1·
    2 months ago

    AI has the momentum only from investors and banks. But unfortunately, the paying customers are few and far between. Also, don’t forget that these companies are losing money even on the paying customers. There doesn’t seem to be any path to profitability for these companies. So, no wonder everyone is saying it’s a bubble.

      • Lodespawn@aussie.zoneEnglish
        0·
        2 months ago

        Sort of, except this time instead of it being millions of homes about to be foreclosed on its like 10 multibillion dollar companies, so the real problem is who is positioned to buy those companies when their share price crashes and they need to be sold for peanu… fuck it’s Trump isn’t it? In 2 months we’ll be using MicroTrump Werd to write reports and Tesla Xsell to build spreadsheets, but only when we can navigate our way through a minefield of vibecoded slop and ads for ICE.

        • MalReynolds@slrpnk.netEnglish
          1·
          2 months ago

          You jest but USGov already owns 10% of Intel, the seal’s been cracked, and it’d be a suitably fascist move.

      • zr0@lemmy.dbzer0.comEnglish
        1·
        2 months ago

        There is no incentive to invest into Fusion technology, as it would make crude oil, coal, rare earths, other rate metals and minerals lose a lot of value. The graph you show is still very interesting and I never saw that before, so thank you for sharing.

    • CheeseNoodle@lemmy.worldEnglish
      1·
      2 months ago

      “We are 20 years away from Fusion if we get X amount of money”
      – Scientists right before recieving less than 1% of X amount of money.

    • Azrael@reddthat.com
      1·
      2 months ago

      I’m no scientist, but i’m pretty sure there’s a giant fusion reactor in the sky. I think it’s called The Sun or something like that.

    • rumba@lemmy.zipEnglish
      0·
      2 months ago

      I have a take on that. I’m going with hank green on this one. https://youtu.be/jOR4wuiPeEQ

      The entire US economy is being held up by the ultra-wealthy right now. We should be in a recession, but they’re pushing all the right buttons in all the right places to keep stocks where they need to be to keep running.

      The AI bubble isn’t blindly bobbing around on the top waiting to pop, it’s orchestrated. Yes, it’s a bubble. Yes the stated value there isn’t anywhere near real. But it’s not going to pop until they let it. Investors are going to stay with it as long as they’re not scared of it going away and the ultra rich are using it as a vehicle to maintain wealth and unless they somehow screw up, it’s not going anywhere until they decide to do something different.

      OpenAI isn’t too big to fail, but the Industry as a whole is too well-funded and tightly controlled to let it fail, for now.

      • Nangijala@feddit.dk
        1·
        2 months ago

        Stupid question, but since the world is currently falling over itself to make new business connections/alliances and is moving away from investing in the US economy because the clown president likes to threaten his allies, how long will the US economy last as the world slowly abandons America? Because while the movement may appear slow right now, I am actually experiencing this extreme change in the world order to be happening super fast. The effects may not be felt over night and maybe not even in ten years, but what trump has accomplished in one year, will most likely have a very negative impact on the US economy for decades and decades to come. Because we ain’t fucking coming back. That’s for sure.