United States | News & Politics

And all of our retirement accounts are tied to this not-a-bubble

Of course there's earnings. It's just you don't know the company that's making money. It goes to another market so you wouldn't have seen it before.

but they actually have earnings.

Of course they have. But the spendings are bigger.

It is Palantir. I bet they are doing evil shit. The way Israel targeted public option and media to navigate what should have been quickly shut down by overwhelming public sentiment, was very abnormal from the abstract overview perspective.

Knowing all the stuff I have seen messing with my offline AI server on my hardware over the last two years, the amount of data scraped and collected by google for everyone on the internet should be more than enough to actively manipulate everyone both logically and emotionally. There is enormous political capital in that manipulative power.

The name of the crime that graph illustrates is "Round Tripping".

Pump a group of stocks by moving money in circles and if you're a short sighted fool you do this several times with leverage on leverage.

Are the earrings in the room with us now?

I believe all pyramid schemes have earnings. The problem is that the bag has so far been shown to be pretty empty and somebody is going to be left holding it.

I wonder how much Powell invested in the Ai bubble to say that. Dotcoms and subprimes had revenue too during their bubbles.

Hmm, when people like Powell start explaining that it's not a bubble, I hear that it's going to pop sooner rather than later. Especially when he cites "trust me, bro" as evidence.

Pretty sure Pets.com had earnings, too.

These fools are lying so often and obviously that they are starting to finally lose their base. They can't even keep their own lies straight.

Nah this is a legit shell game I swear.

We need bag holders and we need them NOW!

Sure, these companies have earnings, but then they go burn all of it plus more on training and inference and data centers and whatever the fuck else. It's not profitable and it never will be. And yet they're willing to bankrupt the country on this egregore that Sam Altman and his ilk have created.

Those things are not mutually exclusive, JP!

huh, really?

collapsed inline media

I mean, if you add enough circles to your graph, it just shows how the entire economy works. What's the cutoff point where it's an obvious bubble and when it is just normal economics in motion?

people were discussing this on reddit they said, the AI companies are hoping a retails(investors) sucker would be holding the bag, after they all cashed out.

Investing in 'ai' companies who are effectively researching tech that requires the kind of cards Nvidia make is giving Nvidia a future. Companies like OpenAI think they will have massive future earnings if they manage to get society dependent upon their data centre hosted LLM's, while staying afloat in the meantime.

The reality is that these data centre LLM's aren't accurate enough for mass deployment, and I haven't seen anything that suggests they are going to be in the foreseeable future.

If your llm is 98% accurate at each step, after five steps it is 90% accurate, after ten steps 80% accurate, and 20 steps only 66% accurate. This is not good enough for plenty of day to day work activities that, when broken down into the kind of discrete steps a computer takes, easily hits these numbers.

In order to be able to fine tune an llm to make it accurate enough for mass deployment requires an organisation to host the llm itself. Which removes OpenAI or Microsoft's data centre from the equation. I wouldn't be surprised if it was already cost effective for most organisations that wanted to utilise retrieval augmented generation to improve accuracy to host their own llm in order to do so.

The size of companies large corporations or government might want to procure deployment from - Microsoft, OpenAI - are not focused on these tools and techniques, for obvious reasons (it renders their data centres redundant in many cases). Instead they are (most likely) bullshitting about their data centres being able to do everything FIRE economy workers now do, presumably with their fingers crossed hoping for huge breakthroughs in the accuracy of their llm's.

The technology is developing so rapidly that pretty much any outcome seems possible, so fuck knows. Maybe they will pull it off and 'developed' economies will become entirely dependent upon the likes of Bill Gates, Peter Thiel, Sam Altman, and Elon Musk lol.

That's the exact type of thing you hear near the peak of a bubble.

It’s a dome

Understanding the economics of it is beyond what I can reasonably know at this time but I did read that Ryan McBeth argued that the increasingly likely war involving China in 2027 or 2028 will become instant demand for AI services under military use.

Yeah. Okay. Just cut the interest rate, and shut up.