this post was submitted on 07 Nov 2025
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[–] redlemace@lemmy.world 134 points 12 hours ago* (last edited 12 hours ago)
[–] alexc@lemmy.world 113 points 12 hours ago (2 children)

Holy shit. That’s almost one Elon Musk’s Salary dollars

[–] Pavidus@lemmy.world 16 points 10 hours ago

That's more or less how I deal with any economic numbers these days. Just one mans salary. No big deal.

[–] DrDystopia@lemy.lol 4 points 7 hours ago

He eventually buys up all ai companies for nickels on the megadollar and copy strikes all unauthorized ai providers.

The only resistance left is the decentralised group of people running outdated and decensored LLM's for erotic RPG.

We're doomed

[–] Thorry@feddit.org 102 points 9 hours ago (6 children)

Millennials out here preparing for their 5th once in a lifetime market crash.

[–] DrDystopia@lemy.lol 13 points 7 hours ago (1 children)

I feel like I'm taking crazy pills.

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[–] someguy3@lemmy.world 6 points 7 hours ago (1 children)

Let's see 2000, 2008, 2020, what am I missing?

[–] Alienmonkey@mander.xyz 6 points 7 hours ago

History rhymes so 202...

[–] BarneyPiccolo@lemmy.today 5 points 2 hours ago

I went through the oil embargo 70s, a couple of Reagan recessions, a Bush I recession, all before 2000, when Republicans really got their nation-destroying chops together for some proper, world class economic irresponsibility.

[–] JeeBaiChow@lemmy.world 4 points 4 hours ago

I'm just waiting for cheap 60xx series gpus.

[–] paperazzi@lemmy.world 4 points 2 hours ago

Sixth for GenXers. So tired of this shit.

[–] bigfondue@lemmy.world 3 points 3 hours ago

We must be cats

[–] Assassassin@lemmy.dbzer0.com 70 points 12 hours ago (2 children)

If only the AI could have given them a heads up.

[–] givesomefucks@lemmy.world 27 points 11 hours ago (8 children)

Just as accurate as tarot cards...

[–] Hackworth@piefed.ca 33 points 11 hours ago (1 children)
[–] Fandangalo@lemmy.world 26 points 11 hours ago* (last edited 11 hours ago) (2 children)

Sorry, you want the Tower here.

collapsed inline media

It’s one of my favorite cards for symbolism, because the story is so apparent on the card. People jumping out of a burning building to their peril.

[–] sauerkrautsaul@lemmus.org 2 points 8 hours ago

the tower is actually actually!! about paradigm shifts. the thing you hold dear out of here 👉 and something new will take shape in its place. not necessarily bad, but very uncomfortable

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[–] Archangel1313@lemmy.ca 53 points 11 hours ago (10 children)

It always amazes me just how stupid all these billionaires actually are. It just highlights the fact that they did not actually "earn" that wealth, in the first place. If it were truly a matter of talent and skill, they wouldn't be crashing the economy every five to ten years...but here we are, for the fifth(?) time in the last few decades?

[–] IrateAnteater@sh.itjust.works 40 points 10 hours ago

Crashing the economy is only stupid if you don't have enough liquidity to capitalize on it. That or if you actually give a shit about people.

[–] buddascrayon@lemmy.world 35 points 10 hours ago (2 children)

You may think it's stupid but these people are still going to make ass loads of money out of this entire ordeal. Because the entire system is rigged in their favor.

[–] Cosmonauticus@lemmy.world 4 points 8 hours ago

You get a bail out! You get a bail out!

[–] Lfrith@lemmy.ca 2 points 2 hours ago

Its like the movie Big Short where despite news of bankruptcies stocks kept going up for a long time. It was when the banks shored up their own shorts that they actually let the market crash.

[–] Kyrgizion@lemmy.world 30 points 10 hours ago

The crashes are deliberate. It allows them to scoop up infrastructure for pennies on the dollar. It's not a coincidence that the largest ever upward transfer of wealth occurred during COVID. That was the elite consolidating their holdings. And evidently, they're not exactly satisfied yet and want even more.

[–] Croquette@sh.itjust.works 4 points 8 hours ago

They aren't stupid, they are gambling and they toss their weight to stack the bet in their favor long enough so that they can cash out and not be left with the bag when it crashes.

Every recession, richs get richer and we get poorer.

[–] aeternum@lemmy.blahaj.zone 3 points 5 hours ago* (last edited 5 hours ago)

don't forget, the once in a lifetime stock market crashes. we're on, what, 5 now? in the last couple decades.

[–] postmateDumbass@lemmy.world 3 points 5 hours ago

We really need to find a way to make the billionaires fight each other again.

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[–] empireOfLove2@lemmy.dbzer0.com 50 points 11 hours ago

POP THAT BUBBLE
POP THAT BUBBLE
POP THAT BUBBLE

[–] empireOfLove2@lemmy.dbzer0.com 46 points 11 hours ago
[–] TommySoda@lemmy.world 19 points 11 hours ago (5 children)

Honestly, I gotta hand it to Apple. They never jumped on the hype train for AI as bad as all these other companies because they were smart enough to realize it was temporary and they are just chillin' right now. Sure they did a few things here and there, but they didn't try and change their entire business model around AI. When this bubble does pop, I'm sure Apple will be the one on top again.

[–] yesman@lemmy.world 15 points 10 hours ago (2 children)

Apple has invested heavily in infrastructure that will make every iPhone and app on the store transparent to an AI running on bespoke silicone designed for the task. Much like Windows, Apple foresees a future where AI is a substitute for the GUI.

https://www.archyde.com/apples-ai-integration-a-deep-dive-into-iphones-future/

[–] PriorityMotif@lemmy.world 3 points 7 hours ago

Yeah, just like voice assistants were supposed to.

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[–] scytale@piefed.zip 10 points 9 hours ago* (last edited 7 hours ago)

I think it was unintentional. They didn’t hop on in time and were left behind. Then they tried rushing and put out a half baked AI product. And now they’re using Gemini for their AI because they can’t catch up.

[–] TeamAssimilation@infosec.pub 8 points 10 hours ago

Apple is always a decade behind, though. It isn’t an innovator anymore.

[–] echodot@feddit.uk 3 points 4 hours ago

What happened was they did the standard thing of being really far behind in terms of software and were not able to compete. Apple is not a software company it's a hardware company with delusions of grandeur. If a software feature is good enough they'll eventually steal it and claim that it's some major innovation on their part but they will never get away from the fact that they brought the atrocity that is iTunes into the world.

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[–] Cybersec@piefed.social 18 points 6 hours ago
[–] manxu@piefed.social 13 points 11 hours ago

... and that's just the warmup act!

[–] Fedizen@lemmy.world 12 points 4 hours ago

The most obvious global collapse of a stock

[–] Wilco@lemmy.zip 9 points 4 hours ago

Finally ... move on to something else.

[–] cannedtuna@lemmy.world 8 points 11 hours ago
[–] someacnt@sh.itjust.works 6 points 4 hours ago

You mean the big short guy will earn money? Interesting. Hopefully that means I also happen to earn money as well.

[–] SlartyBartFast@sh.itjust.works 6 points 6 hours ago

Whew finally

[–] TheDemonBuer@lemmy.world 3 points 8 hours ago

It'll get worse.

[–] Jolly_Platypus@lemmy.world 3 points 8 hours ago (2 children)

Bubble bursting....

People who are somewhat liquid going to do some bargain shopping.

The good ol' pump and dump.

(Btw, guys, A.I. threat is way overblown.)

[–] MuskyMelon@lemmy.world 5 points 6 hours ago

A.I. threat is way overblown

This assumes AI will be all knowing and all powerful and will turn to evil.

But bad, incomplete, dreaming AI unleashed by CEOs, in search for more profit margins, are a real threat. Imagine air traffic control under AI that just screws up and cause planes to collide. Or AI robots who go awry.

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