themagzuz
@themagzuz@lemmy.blahaj.zone
- Comment on A tangled web of deals stokes AI bubble fears in Silicon Valley 4 days ago:
unfortunately you can’t really get rich from knowing a bubble will happen. things like shorting, put options, bear certificates, and etfs with inverse leverage either have terrible risk reward ratios (you can basically lose infinite money from shorting, that’s what the whole gamestop/amc thing was about) or very bad long-term gains (bear certificates and inverse etfs usually only track day-to-day changes and generally fall in value when the stock they’re tracking fluctuates in price).
of course, if you know when the crash is gonna happen, it’s a completely different story. then you can buy shorts/puts/etc just before the bubble bursts and laugh yourself to the bank (assuming the firms on the wrong end of those assets haven’t gone bankrupt, which is also a very real risk in a situation like this) - Comment on hyperbaric oxygen chamber 3 weeks ago:
it’s because they’ve bought in to the capitalist myth. only smart people can make lots of money, so surely they must be smart. combine this with yes men and snake oil salesmen who make their money scamming rich people, and the result is a lot of rich people who are really into weird pseudoscience
- Comment on Nintendo reportedly gets even more obnoxious about patent law by taking a 'mods aren't real games' stance against a Dark Souls 3 mod that could invalidate its Palworld lawsuit 4 weeks ago:
the monkey paw in question is intellectual property law. everytime a case is ruled in favor of ip law it becomes slightly more restrictive, which generally benefits corporations more than the public. every time you cheer for ip law to be enforced in some big landmark case, you’re invariably rooting for the noose around our necks to get just a bit tighter.
it’s for this reason that, despite really not liking ai stuff, i think openai and meta being fined for training on “stolen” work will inevitably do more harm than good