- cross-posted to:
- usa@midwest.social
- usa@lemmy.ml
- cross-posted to:
- usa@midwest.social
- usa@lemmy.ml
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Finally, some good news.
they will somehow shift the cost on the consumer and continue on
They will just wait it out until teens will not be able to use a search engine, because they grow using free GPT and as soon as those earn enough money, they’ll start the enshitification.
Of course, teachers and students will have still free access, do that they not learn to find stuff not with AI.
And that is probably only the beginning.
AI crash will be 11X bigger than subprime mortgage crash, also driven by mass stupidity.
The next movie will be titled: * The Big Shart*
This guys is jacked…jacked to the tits.
You too will soon be able to buy an abandoned datacenter for just $1,000.
Think of the gaming GPUs!
The GPUs are basically proprietary to the severs which are near proprietary to their racks/setups. I spent a few months on a contract quality testing new Nvidia graphics severs being assembled by a a Taiwanese company here in the states. From the liquid cooling built into the $2-4 million dollar rack to the proprietary network/data cables to transfer the information at the speeds they do, most people would have no way to use them.
Remember when OpenAI launched Dall-E 2? You got a few tokens for free images and then had to pay for it. Presumably that was at least some reflection on the cost of producing the images.
Now you can create video for free and consumer expectations that generative AI should be super cheap have been set. That genie is not going to go easily back into the bottle.
Don’t worry, you’ll pay for it with your data. It will always be listening and watching and analyzing and selling you something.
I definitely think that was such a major blunder, but also it was probably done to make it a struggle to compete for smaller or starting companies.
I look forward to the AI bubble bursting, and billionaires looking shocked, ‘because there were no signs’
A lot of them are actively talking about how it could be a bubble and the implications. No one is going to be surprised. Billionaires are just really hoping they can make it work before the bubble pops
Yeah… I mean billionaires have at least as much information as a random person on Lemmy :D
They will be fine either way…
They won’t lose any money…
Yeah all the people praying for a crash are praying for nobody to have retirement funds.
You can easily tell who’s actually employed in this thread because anyone with a 401k is going to get dicked down while the 0.1% get a bailout.
In contrast to the housing bubble, where a lot of the value was in overpriced houses sold to individuals, this overpricing is almost entirely in tech stocks, and tech stocks are almost entirely owned by by the wealthiest 10%, even 1%. The tech billionaires have limited ability to divest themselves of their own overpriced companies and absolutely will lose money.
None of them are going bankrupt, they’ll all be just fine when the market recovers in a few years, because that’s the nature of capitalism. A bunch of peons, who convinced themselves that the bubble-value of their 401k meant it was safe to retire, will suffer, will have to go back to work - if you’re not an oligarch, losing money is painful.
In contrast to the housing bubble, where a lot of the value was in overpriced houses sold to individuals,
was?
34% of single-family housing are now rented out. We’re not building enough housing, a fact that hasn’t changed since the housing bubble collapsed. So, a lack of investment in new property, large funds putting money into existing properties instead, and less risky homeowners overall means we don’t really have a housing bubble. We have a supply shortage, leading to high prices. The correction for that isn’t a crash.
since the housing bubble collapsed
did it? it does not seem so. where I live to buy a house in good condition people need to take out loans that the bank may not even allow, but if it does they’ll pay it for decades. even empty plots are still very expensive. more and more people live in a rented place even though they don’t want to move, because their house is taken away.
What housing bubble are you referring to?
If you watched that movie, you would know that wasn’t a housing bubble, and it had nothing to do with pricing. It had to do with lenders fraudulently selling mortgages to anyone who could fog a glass, knowing full well they wouldn’t be able to repay them.
The bubble was accelerated by people assuming prices would always rise, often their own greed and flipping or becoming landlords, and this was only possible due to the financial engineering that made lending to these folks posivle, but all of that droce the value of the underlying assets down significantly.
You claim there wasn’t a bubble…look at home price values in the sunbelt in 05 vs 2009.
TF are you talking about there wasn’t a bubble
this was only possible due to the financial engineering that made lending to these folks posivle
There was no “financial engineering”. It was just fraud.
look at home price values in the sunbelt in 05 vs 2009. TF are you talking about there wasn’t a bubble
“Bubble” does not mean “prices go up and then back down again”.
Gotta love those brittish expressions
Oh no!
Anyway…
But when will i get cheap GPUs
Is that why MSFT dumped like 3.5% today?
Its priced in
This reminds me of something that came up recently. Copilot started hallicinating quite a bit more than usual in Copilot reviews. That made me think about the cost of operarion. As they burn money like this, I won’t be surprised if they start decreasing inference quality to decrease cost per user. Which also means people relying on certain model behaviour for tasks could get nasty surprises. Especially within automation workflows where model outputs aren’t being reviewed.
Anyone using something with inconsistent output in their automation deserves what they get.
Copilot and Gemini are trash. They are driving away future business.
Github Copilot is somewhat useful for programming (or it feels useful when it cranks out some boring and routine code to my specs - not sure it actually saves me time though because I always review it all), but of course Microsoft have given a range of products all the same name for maximum confusion, as they do. The Copilot in Windows may be rubbish for all I know. I haven’t ever felt the need to press the button.
Just exploitative market grab for early dominance. (Or: “Grift” lol.) They will make it back when all of us have no choice but use chatgpt for everything.
how does it make money tho?
I don’t see them eliminating Linux from the internet
technically according to NSPM-7 any FOSS is terroristic by nature because it’s anticapitalist.
that means if you have contributed to FOSS at any time, you are a terrorist. technically.
Good.
Fuck AI, send it directly to hell.
Words do not compute. Issuing a $1T IPO to Sam Altman.
AI is here to stay. AI is also in an unsustainable bubble. Both things are true
No I im the current “AI”.
It’s useful. It wastes a lot of my time with its stupid bullshit. Both are true. 😆
Dotcom mkII
Well, browser usage is kinda dying off in lieu of apps :(
*bubble pop!
I bet this is amazing for tax write off. With their already ridiculous tax break, this should pair well with it.
That’s like saying you’re glad you got paid less because that means you’ll pay less taxes.
I understand how dumb it sounds, but many companies benefit from losing money, but it doesn’t mean they are broke.
No, OpenAI is sustained by investment money, not actual revenue from products.
Who wants to give me a billion dollars to dig a hole and I’ll give you a billion to fill it back in and we’ll both say to investors we posted a billion dollars in revenue.
The whole “AI” thing is one big grift.
deleted by creator
One man’s quest to own all the leather jackets on Earth.
