The lead-up is a bit long, yeah.
But the crash at the end is worth the wait.
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“We are 20 years away from Fusion Reactors”
– Scientists 60 years 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.
Also known as a deadly laser
This annoyingly bright object in the sky is a giant fusion reaction, but not a fusion reactor
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.
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.
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.
I thought it was also considered a bubble because so much money has been invested in all those projects now that couldn't possibly return any revenue in 100 years or so.
Exactly.
https://youtu.be/HAkCypsQIQk this video has the ending if anyone is cursed by this gif
How nice to make the entire driver's seat a crumple zone.
If anyone edging from the gif wants to finish here is the time stamp: https://youtu.be/HAkCypsQIQk?t=246
Boo, no engine in it... Thanks though.
Apropos for the metaphor however.
Yeah, there was another ‘truck vs bollard’ video where the entire engine flies out and continues on its merry way for a while. Was much more engaging than this.
You have unleashed the cursed gif upon us
It’s because they keep securing their loans with eachother’s loans, it’s all negative numbers though
I hope not, that's basically what 2008 was. We could at least get a new reason.
Capitalism doesn't breed enough innovation for new reasons. That's why they need AI, to come up with new bullshit.
The way AI works, wouldn't they just get the old bullshit, but reworded each time? With a side of hallucinations ofc
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.
Well everyone's index-based investments will also take a nose dive to be fair. So that's going to be a lot of people's retirement funds set back by several years, maybe a decade.
they should be fine so long as their funds freak out and sell the dip .. obviously the people about to retire might have to hold off for a while
That's managed funds, which are costly and don't tend to perform better than index funds in the long term (unless your fund is managed by Warren Buffett). Index funds will by definition take a huge fall because like 30% of the S&P 500 by market cap for an example is heavily AI-invested companies (just a couple of companies at that).
I've moved all of mine to European and Asian indexes to be less affected when it happens, but since I was using a national pension system fund up till now, it'll take until like May or whatever till the move is complete. So I hope there's no crash before that at least. At least any new payments already go to the funds I've selected rather and can sell on a whim, rather than the old system where the bank chose the exact ETFs and I can only sell/move funds 3 times a year and have to apply for it beforehand.
But anyone else who's still stuck in that system with a composite fund dominated by US-based index ETFs, will take a massive plunge when it happens.
You jest but USGov already owns 10% of Intel, the seal's been cracked, and it'd be a suitably fascist move.
Considering that both Intel and AMD originally grew up on government contracts, It's a wonder that the government doesn't own 49% of each.
Damn if only there were some sort of alternative not owned by anyone and built by the community. If I'm making impossible wishes I'd also want it to be free to use. Maybe even open source.
Nah that would never work. Who would put in that kind of effort for free? Silly idea.
Sadly my company has complete say over the platforms I use when at work. Given their scramble to adopt copilot with little or no obvious benefits and unknown depth of security flaws, I don't hold much hope that they will pivot to an entire new platform suite on Microsoft's collapse ..
What was it, Sam Altman can stay irrational longer than you can last between klarna payments?
Edging me fr fr
I fear it never will, because I suspect whoever is pushing for all of this dissident tracking on the Internet is propping it up with dark money.
The people in charge of these companies already have all the money
The US can always print more money.
Yeah! Trump is fucked this time!
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.
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?
Dario
Which Nintendo character is this
He's Wario's dumber and less put together cousin
This would have been the time to use the version with an actual ending.
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