this post was submitted on 16 Dec 2025
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Fuck AI

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AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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172
Florida man says his wife ‘wants a divorce’ after he lost $45,000 on an AI-generated Elon Musk car scam (www.independent.co.uk)
submitted 1 day ago by throws_lemy@reddthat.com to c/fuck_ai@lemmy.world
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George Hendricks, a 69-year-old from Leesburg, a suburb of Orlando, told ClickOrlando he lost $45,000 after a scammer targeted him with a deepfake video of Musk. Deepfakes are digitally-altered videos often used to impersonate notable public figures.

Now, Hendricks tells the outlet that his wife “wants to get a divorce” over the scam.

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[–] harmbugler@piefed.social 4 points 1 day ago (1 children)

A significant exception is if they need more money to make their money e.g., they need to build a factory to manufacture the product. If a bank won't lend to them on agreeable terms, they may try raising equity capital in which case they will be very eager for you to buy in (on their terms of course).

[–] pinball_wizard@lemmy.zip 2 points 1 day ago (1 children)

All of this, except no - Not at all for you and I.

At least not until we join the ranks of full fledged billionaires, right after monkeys fly out of my butt.

[–] Yondoza@sh.itjust.works 1 points 1 day ago (1 children)

Yes for you and I... It happens every day. Lending money to businesses is called the bond market. Supplying capital to in exchange for equity is called the stock market.

They are absolutely open to the public if you have the capital. Wealth inequality is a huge problem that we should discuss. When we discuss it we shouldn't make false claims in our frustration.

[–] pinball_wizard@lemmy.zip 1 points 1 day ago* (last edited 1 day ago)

You're right. Thank you.

I don't mean to claim that markets for us to purchase investments don't exist. My claim is that those markets aren't favorable to us.

In particular, it is silly to imagine that a sound investment is going to come to me, instead of to someone with more capital and paid researchers and strong connections.

My (non-billionaire) situation guarantees that anyone courting my investment dollar has a higher probability to be providing either a poor investment or a scam.

Index funds are a wonderful innovation to help address this problem, but they do not completely solve it.