cross-posted from: https://lemmy.world/post/50104484
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- Tollana1234567@lemmy.todayEnglish3 months
could, you mean will. when that happens all those tech people in AI will likely be first to be laid off, the first signs would be the sudden evaporation of AI tech conferences in many hubs,. and all those catering companies, food companies that depend on these conferences is going to hurt too.
3 monthsI’m usually a rationalist but nothing can convince me that Sod’s Law isn’t somehow baked into the structure of the universe.
- MystikIncarnate@lemmy.caEnglish3 months
Listen, I work IT at a managed service provider, which means I see a dozen + small to medium business environments daily.
The number of users that I know of, out of the hundreds or thousands that I support, who are actively using “AI” continually to do their jobs… Well, I can likely count them on one hand
There’s a bunch that use whatever free tool they are allowed to access. Which kind of flies under the radar for me, but I still don’t think you’re dealing with double-digit percentages of people using “AI” that actually spend any money on it.
And these are business users, who work at businesses with rather deep pockets at times…
People are not buying the product. “AI” in the business world, isn’t making any money. So from what I’ve seen, this is less a matter of if, and more a matter of when and how bad.
As a tech person, I am not threatened by AI. It can’t do my job. Also, I’m the one who fixes it when things go wrong. And the only thing I’m looking forward to is being able to pick up cheap RAM, and storage when this all comes crashing down as AI companies cash out and liquidate their inventory. Maybe I can pick up a cheap AI server and repurpose it to be a 3D/gaming virtual desktop, so when my friends come over with their cheap laptops and on board graphics for a LAN party, I can just provision them a virtual gaming computer and we can go ham…
I’m going to save my sheckles until then…
I have limited experience with the market but I see it this way: anyone with AI holdings should liquidate at their earliest convenience. I don’t think they’ll be keeping up this charade for a lot longer. Anyone who has tech holdings, either cash out, or be prepared to have that money held up for a while because it will take a long time for the prices to recover, and unless you want to cash out at a loss, you’re going to be holding for a long time. Everyone else, hold onto your butts. Probably everything will probably dip when the fecal matter hits the rotary air movement device. Non tech areas of the market should recover pretty quickly, so meh?
This is obvious to me that the whole thing has failed. That realization hasn’t hit execs yet.
- Tollana1234567@lemmy.todayEnglish3 months
AI chips arnt usable for personal use though, they seem to be limited to be used by the AI datancenters and not your computers
- Senal@programming.devEnglish3 months
Not strictly, there are usualy hurdles to overcome for home usage of datacentre tech, but it’s possible.
An easy example that comes to mind is that the datacentre GPU’s might have cooling configurations that rely on a large amount of airflow from the surrounding cabinet, which you’ll get in a datacentre, but not so much in a personal tower.
Also, noise, in a datacentre, noise is much less of an issue than in a personal computer, so they can eschew noise reduction in favour of performance.
Many people that live near data-centres would disagree, but i mean strictly from a usage point of view, not a broader community perspective.
- 3 months
So the top 7 companies hedged their entire futures on something unsustainable? In the last 12 months Oracle already laid off over 50,000 employees to bottom-line their AI goals (30,000 ish and 21,000ish a couple weeks ago).
Are we at the point of stocking up on materials and pulling $$ from banks for the inevitable collapse?
- HugeNerd@lemmy.caEnglish3 months
Please do. I’m tired of reading PKD novels, they’re more fun happening IRL.
That’s the point. AI was never meant to succeed. It’s a ransom. They are willing to kill the hostages so to speak.
- 3 months
The scumbags are getting better at making sure they end up rich when it happens. The only important thing from their point of view.
- 3 months
Sold everything with massive profit early July. Even if it doesn’t crash, I’m happy.
- 3 months
I am entirely disconnected from “the economy”. Fuck AI and fuck the market. Tech cunts have it coming.
So you don’t go grocery shopping?
Did you know the economy has doubled every 20 years, with productivity alongside it, but the benefits don’t show up for us down here?
We should have a 3/4 day workweek with cheap good food, early retirement etc etc but we don’t.
And I’m saying this living in the EU.
- Phoenixz@lemmy.caEnglish3 months
When the economy crashes, and it will, rich peoole won’t suffer, they will enrich themselves even more. Its always the poor that suffer
- oortjunk@sh.itjust.worksEnglish3 months
What good will that be 'gainst the 20 stout men and their crossbows that will besiege you on the high road as you go to market on the Lord’s Day?
- Polisheocket@lemmy.zipEnglish3 months
I have hundreds of thousands of dollars to lose if the market pops lucky for time is on my side. This feels like the dot com bubble
- Aceticon@lemmy.dbzer0.comEnglish3 months
This is going to be a mix of the 2000 Crash and the 2008 Crash.
- Aceticon@lemmy.dbzer0.comEnglish3 months
Possibly even compounding, considering that there are more than just a Tech Stocks bubble and Realestate bubble at the moment (though those 2 are the largest) and any one blowing will probably cause the rest to blow.
On the “upside”, the Tech Stocks bubble is mainly in the US and countries with semiconductors as a large fraction of their Economy, such as South Korea.
- eleitl@lemmy.zipEnglish3 months
Not could. It’s a mathematical certainty that it will. Barring a breakthrough miracle – fat chance.
- CheeseNoodle@lemmy.worldEnglish3 months
It really feels like the options are:
- Bubble bursts because it requires more money than the entire global economy not too at this point.
- Total regulatory capture and we just somehow keep it going forever to the detriment and gradual decay of literally everything else.
An AI breakthrough has nothing to do with LLMs, it’s like saying the auto industry will collapse except if there is an AI breakthrough that saves it.
- NιƙƙιDιɱҽʂ@lemmy.worldEnglish3 months
One day we shall reclaim the sullied em dash for ourselves once and for all!
Sigh. Guess I’m gonna go read Ed Zitron’s latest rant.
Haven’t read it yet, no idea what he’s on about today, but here’s the link.
https://www.wheresyoured.at/the-more-you-buy-the-more-you-lose/- Photonic@lemmy.worldEnglish3 months
Two years ago, NVIDIA CEO Jensen Huang saidthat “the more you buy, the more you save,”
Well, two years ago he was kind of right. But not in the way he meant it. But I should have bought 64gb instead of 32gb RAM when I built my gaming system
- 3 months
For what? I have 64gb and have almost never utilized it all. Maybe if I used integrated graphics running modded factorio on a big map with all of the graphics overhauls.
