"We did it, Patrick! We made a technological breakthrough!"
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.
As always, it's important to remember that all of the investors and business leaders involved here possess more money than they or their descendants will ever be able to spend, and yet, it is not enough. It will never be enough. It wasn't sufficient to steal the starter homes of an entire generation, or to inflate prices for consumer goods (including food) to unsustainable levels, or lock you out of health care and education. Now they want your nest eggs too.
I hate these bastards.
There is a hole in their souls that can never be filled. They will never have enough money or power.
money isn’t money to them
it’s power
They will take money wherever they can. They took every penny there was from past and present people's pockets in the form of stagnating wages, have pillaged the future generations in the form of student debt that can't be paid back and destruction of the environment, have stolen from all three by transferring their expenditures to externalities that we all have to pay for and are now looking to loot our retirement funds too.
Billionaires don't "create" wealth. They steal it.
If LLMs needs trillions of dollars to stay ahead it was doomed from the beginning as it was never a viable technology! This is clear as day to me now, they just want to fuck us over and not risk their own money to 'win'.
Oh, we certainly wouldn't want to lose the ponzi scheme race!
I'm glad someone gets it!
SpaceX IPO that was "fast tracked" for inclusion in the NASDAQ 100 is exit liquidity for the early investors and musk(S&P500 was also going to change rules until uproar and 2 days ago announced they weren't waiving rules of profitability, tenure, etc.). Value yourself at some bullshit and force the public to buy your shares by inclusion in the most popular index fund who are required to weight their holdings based on market cap of your stock and buy shares to mirror index.if the company were so valuable and amazing with future growth prospects why would any insiders who already have pre-IPO shares want to sell? To cash out and/or de-risk is the only answer, and the general public's retirement will fund it. It's the same reason Trump is pushing the FTC to allow riskier assets like crypto and private investments in 401k accounts; exit liquidity for the current holders, most of whom know their investments are shit. Who better to buy them than index funds and the general public by limited choice in 401k fund options?
If any of this sounds familiar, it's the same playbook as the great recession/"financial crisis", when the rich elite suddenly required rescuing and backing of the US gov because their greed didn't offer an out. Suddenly the public's problem when they would have to take a loss.
when blockrock lips move, you can be sure it's because lies are being said.
American uprising when? I mean that's what all the Second Amender ammosexuals claim the Second is for ... so ... when?
Wake me up when Americans wake up.