posted in Technology
'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'
gizmodo.com/big-short-investor-expects-ai-bubble-burst-sooner-than-later-2000818889
Replying to @return2ozma@lemmy.world
I had a boomer normie ask me how to use AI to develop his new “business” website telling me that he didn’t want to hire a developer if the developer would just use AI anyway.
This guy doesn’t know what a router is, and was asking me for help trying to understand what the AI was telling him, and it was the most basic shit.
When the normies are trying to invest in AI, they’re the last to invest and know to throw money at it. That was a big signal to me that the bubble is about to pop. Money is running out and the boomers are trying to get in on it.
Replying to @terranoid@lemmy.cafe
When the normies are trying to invest in AI, they’re the last to invest and know to throw money at it
They are also the largest group by far. Doesn’t really mean much aside from the fact that adoption is now widespread.
Replying to @Hubi@feddit.org
I don’t think it’s going to add up to a trillion dollars a year though, lol.
AI and the Enshittification Era w/ Cory Doctorow www.youtube.com/watch?v=-dAIJRjb-Bw
Replying to @pelespirit@sh.itjust.works
The CEO of SoftBank says they need five trillion a year.
Replying to @thallamabond@lemmy.world
…to “meet demand.” …
He’s saying “there is no bubble.”
You’d think he would know better…
Replying to @wonderingwanderer@sopuli.xyz
Full disclosure, I did not read that. But I did see the headline.
Now that I have read that, I feel like it is a cry for help.
“Those who refuse to evolve are closing down their world. Those who condemn AI are themselves spitting upward,” Son added.
“If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.”
J. Paul Getty
how much skin does Softbank have in this game.
Replying to @thallamabond@lemmy.world
Didn’t they just start a partnership with one of the big US tech companies like 6 months ago or something?
Sam Altman or someone like that has probably got their tendrils in this guy’s head…
They are the ones, Oracle will soon not be paying anymore, because of Force Majeure (techcrunch.com) …
Replying to @Deckname@piefed.social
Eh, they’re an evil company and all that, but the force majeure seems like a non-issue:
Instead, the notice would allow the company to delay payments should the facility miss its 2028 target to come online.
It just means if the development misses the contractual deadline, they don’t have to pay until it comes on line. Seems reasonable to be honest, why should you be held to your end of the contract if the other party doesn’t meet theirs?
The real problem here is a combination of: the environmental and ecological impacts of the data center, the impacts on the local communities, the ethics (or lackthereof) of AI and lack of regulatory oversight, and the surveillance state that they’re using it to build.
Focusing your critique on the force majeure just kind of misses the point
It wasn’t meant as a critique, sorry it sounded like that! I meant it more like idiotic statements like all of the tech morons are making right now.
The real critique with “AI” is elsewhere, as you rightly put it in your reply.
Replying to @Deckname@piefed.social
Ah, I see. I guess I didn’t know where you were going with it then