Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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

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139

Goldman Sachs has launched an "S&P ex-AI" index that tracks the S&P 500 stocks not related to AI, offering investors a way to "hedge their exposure to the AI trade. (www.axios.com)

submitted 16 hours ago by Kirk@startrek.website to c/fuck_ai@lemmy.world

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I know this isn't wallstreetbets but I can't help but wonder if this is a more secure investment than the usual S&P500.

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[–] 0li0li@lemmy.world 7 points 15 hours ago (2 children)

I can't find it in my trading apps. Happy to look into it.

[–] Damarus@feddit.org 14 points 14 hours ago

It's an index, not a product you can buy. You can either replicate it yourself in real shares or wait for some company to make an ETF tracking this index.

[–] Iampossiblyatwork@lemmy.world 8 points 13 hours ago

It's available exclusively to Goldman customers, created in collaboration with S&P Dow Jones Indices.