Was in a company wide meeting yesterday. The cto was talking about OpenAI being too big to fail.
it keeps getting momentum
Submitted 2 weeks ago by cm0002@toast.ooo to memes@sopuli.xyz
https://lemmy.world/pictrs/image/04831b26-16e9-4248-9974-6efd74c3f4ff.gif
Comments
myfunnyaccountname@lemmy.zip 2 weeks ago
rumba@lemmy.zip 2 weeks ago
I have a take on that. I’m going with hank green on this one. youtu.be/jOR4wuiPeEQ
The entire US economy is being held up by the ultra-wealthy right now. We should be in a recession, but they’re pushing all the right buttons in all the right places to keep stocks where they need to be to keep running.
The AI bubble isn’t blindly bobbing around on the top waiting to pop, it’s orchestrated. Yes, it’s a bubble. Yes the stated value there isn’t anywhere near real. But it’s not going to pop until they let it. Investors are going to stay with it as long as they’re not scared of it going away and the ultra rich are using it as a vehicle to maintain wealth and unless they somehow screw up, it’s not going anywhere until they decide to do something different.
OpenAI isn’t too big to fail, but the Industry as a whole is too well-funded and tightly controlled to let it fail, for now.
Nangijala@feddit.dk 2 weeks ago
Stupid question, but since the world is currently falling over itself to make new business connections/alliances and is moving away from investing in the US economy because the clown president likes to threaten his allies, how long will the US economy last as the world slowly abandons America? Because while the movement may appear slow right now, I am actually experiencing this extreme change in the world order to be happening super fast. The effects may not be felt over night and maybe not even in ten years, but what trump has accomplished in one year, will most likely have a very negative impact on the US economy for decades and decades to come. Because we ain’t fucking coming back. That’s for sure.
araneae@beehaw.org 2 weeks ago
Ah so a market upset the rich control the timing for, virtually indistinguishable from a bubble unless you’re holding all the cards, amazing analysis by Hang Green there, that guy is so great at sanewashing.
Bytemeister@lemmy.world 2 weeks ago
2008 called. They want their huge bailouts back.
laranis@lemmy.zip 2 weeks ago
The big guys will be fine. Your 401(k)? Fucked.
veni_vedi_veni@lemmy.world 2 weeks ago
OpenAI is small fry compared to the other AI players. They are the least likely to get a bailout.
This is actually a moment where “Thanks Obama” applies, what a precedence to set… Should have given the relief on the demand-side, not the fucking banks.
Gork@sopuli.xyz 2 weeks ago
You have unleashed the cursed gif upon us
FenrirIII@lemmy.world 2 weeks ago
I closed my eyes and visualized AI execs in the cab when it hits.
It was beautiful.
ilinamorato@lemmy.world 2 weeks ago
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.
RamenJunkie@midwest.social 2 weeks ago
As someone who has regularly used virtual worlds for 20 years, the whole Metaverse thing was so hilarious.
Like, Facebook did not invent 3D online worlds, there are 3D online worlds older than Facebook.
“But wait, metaverse is not just 3D Virtual Worlds.”
Which inecitably leads to "ok, so its just “The Internet”.
ilinamorato@lemmy.world 2 weeks ago
As for the “Constantly being wrong.” At somepoint, these people forgot that “having an idea” does not mean “Having a useful idea.”
Absolutely. They can’t fathom anymore that, just because they want something, it doesn’t mean that anyone else does. Or that they’re not already getting it, even if they do.
You hear arguments about all these flash in the pan bull shit concepts like “People said the same thing about the internet or the iPhone.”
Right, and I always think, “both of those solved actual problems that hadn’t been solved before.” Problems that I remember feeling, as a person who was conscious in the 90s: the need for quick, efficient, long-distance information transfer, and the problem that computers were stuck in your house when a lot of what you needed them for was while you were walking around.
Cryptocurrency didn’t solve a problem that most people feel (and, I would argue, it didn’t efficiently solve a problem that anyone actually has). The metaverse didn’t solve any new problems at all (as you noted, the one thing it could do that anyone wanted was something that was already being done). And AI was already being used for anything it was good for long before Sam Altman convinced a dozen billionaires to give him multiple small-countries’-GDPs.
And since being a good businessman really means finding a solution and offering a product that solves it, they’re just proving how bad they are at business.
KSPAtlas@sopuli.xyz 2 weeks ago
youtu.be/HAkCypsQIQk this video has the ending if anyone is cursed by this gif
snooggums@piefed.world 2 weeks ago
If anyone edging from the gif wants to finish here is the time stamp: https://youtu.be/HAkCypsQIQk?t=246
MalReynolds@slrpnk.net 2 weeks ago
Boo, no engine in it… Thanks though.
Odo@lemmy.world 2 weeks ago
How nice to make the entire driver’s seat a crumple zone.
ianhclark510@lemmy.blahaj.zone 2 weeks ago
What was it, Sam Altman can stay irrational longer than you can last between klarna payments?
PabloSexcrowbar@piefed.social 2 weeks ago
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.
protist@mander.xyz 2 weeks ago
The people in charge of these companies already have all the money
marcos@lemmy.world 2 weeks ago
The US can always print more money.
zr0@lemmy.dbzer0.com 2 weeks ago
“We are 20 years away from Fusion Reactors”
- Scientists 60 years ago.
CheeseNoodle@lemmy.world 2 weeks ago
"We are 20 years away from Fusion if we get X amount of money"
- Scientists right before recieving less than 1% of X amount of money.
Azrael@reddthat.com 2 weeks 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.
Natanox@discuss.tchncs.de 2 weeks ago
Also known as a deadly laser
zr0@lemmy.dbzer0.com 2 weeks ago
This annoyingly bright object in the sky is a giant fusion reaction, but not a fusion reactor
Malgas@beehaw.org 2 weeks ago
zr0@lemmy.dbzer0.com 2 weeks ago
There is no incentive to invest into Fusion technology, as it would make crude oil, coal, rare earths, other rate metals and minerals lose a lot of value. The graph you show is still very interesting and I never saw that before, so thank you for sharing.
Korne127@lemmy.world 2 weeks ago
Edging me fr fr
itkovian@lemmy.world 2 weeks ago
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.
ExtremeUnicorn@feddit.org 2 weeks ago
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.
itkovian@lemmy.world 2 weeks ago
Exactly.
Paradachshund@lemmy.today 2 weeks ago
It’s even worse than that, because the more users they have the more expensive the tools are to run. It’s the opposite of how economy of scale is supposed to work. I forget the exact numbers but apparently for every dollar they make they lose 2 or 3x that.
Every new iteration of their models is also exponentially more expensive to run. They desperately need the output to improve because of how inconsistent it is, but doing that only increases the money hemorrhage.
There’s basically no way out from what I’ve been reading about it.
RamenJunkie@midwest.social 2 weeks ago
I use AI some, but if it vanished, it woukd not change anything and I would just go back to my okd ways.
Also, my two cents, the biggest hinderance is how prudish they are, because they are disgustingly prudish. How many but tech pushes worked because of porn? Most of these mainstream AIs just shit the bed at the most PG tier conversations or actions. Basically, the current push by the hugely conservative nanny state is clashing with these people’s desire to push this stuff into the Mainstream.
rumschlumpel@feddit.org 2 weeks ago
Still waiting for that crypto pop. It seems less *relevant nowadays, but judging by Bitcoin’s current price, it hasn’t quite popped.
brucethemoose@lemmy.world 2 weeks ago
It’s an ongoing scam for the ultra wealthy and Tech Bro influencer con artists.
That’s not an exaggeration. That’s what it is.
Hence, it will keep going as long as social media keeps boosting it.
explodicle@sh.itjust.works 2 weeks ago
It’s inevitable; Bitcoin has already popped like a dozen times now.
DragonTypeWyvern@midwest.social 2 weeks ago
Dipping isn’t popping, and BTC is doing what it’s designed to do, allowing black markets to sell drugs and sex slaves
skisnow@lemmy.ca 2 weeks ago
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.
drsilverworm@midwest.social 2 weeks ago
It will burst because billionaires decided to get out. They will know just before it happens and time their exit perfectly. Everyone else will suffer and then they will buy right back at a massive discount. They have all the information, the fastest movement, and control of the levers. I refuse to play this unwinnable game.
scytale@piefed.zip 2 weeks ago
More like, the AGI that will solve all the world’s problems about to arrive.
Feyd@programming.dev 2 weeks ago
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?
TheBat@lemmy.world 2 weeks ago
Dario
Which Nintendo character is this
caseyweederman@lemmy.ca 2 weeks ago
This would have been the time to use the version with an actual ending.
mech@feddit.org 2 weeks ago
The lead-up is a bit long, yeah.
But the crash at the end is worth the wait.sudoMakeUser@sh.itjust.works 2 weeks ago
Lemmy users waiting for AI to stop working because it’ll start training on AI generated content
YoiksAndAway@piefed.zip 2 weeks ago
Yeah! Trump is fucked this time!
Toes@ani.social 2 weeks ago
à̷̡̖̗͍̼̺̲̟̯̺̊͒́̇͐̌̐͜ͅḧ̸̨̬̭̱͓̖͕̣̮̘̟͉͉̤̙́̓͜h̸̢̧̥̮̬̳̻͈̖̬͇͖̆͑̅̂͊̓̑̓̂͗͑̆͝ẖ̵̘̫͔̲̞̼͉̹̗̲̾̊̇̂̈̽̾̌̚ḩ̸̟̲̘̳̫͉͎̘̮͕̗̭̮͆ͅḩ̴̢͔̲̬̠̞̫̦̏́̓́͌̚h̷̫̤̦̬̪̻̭̯̩̖̖̩̘͎̲͚̼́̓͛̔̓̆͊̋͊͊̀̔͂͒͝͝͠h̶̢̻̘̜̬̱͙̽̃͒́̽̉͘͜͝Snowclone@lemmy.world 2 weeks ago
I’m getting real sick of the headlines. “Science company says AI will be used to Re-Write the human genome, and identify future Terrorists for the CIA with only random lists of birth certificates, while it designs a 3D printable human heart that has built in wifi controls with 100% police access!”
reallykindasorta@slrpnk.net 2 weeks ago
It’s because they keep securing their loans with eachother’s loans, it’s all negative numbers though
ryathal@sh.itjust.works 2 weeks ago
I hope not, that’s basically what 2008 was. We could at least get a new reason.
Natanox@discuss.tchncs.de 2 weeks ago
Capitalism doesn’t breed enough innovation for new reasons. That’s why they need AI, to come up with new bullshit.
PacMan@sh.itjust.works 2 weeks ago
The good ole credit swap trick