cross-posted from: https://lemmy.world/post/50104484
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10 hoursI’m usually a rationalist but nothing can convince me that Sod’s Law isn’t somehow baked into the structure of the universe.
- Tollana1234567@lemmy.todayEnglish12 hours
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.
- MystikIncarnate@lemmy.caEnglish16 hours
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.todayEnglish12 hours
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.devEnglish12 hours
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.
That’s the point. AI was never meant to succeed. It’s a ransom. They are willing to kill the hostages so to speak.
- 19 hours
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?
- 1 day
The scumbags are getting better at making sure they end up rich when it happens. The only important thing from their point of view.
- HugeNerd@lemmy.caEnglish1 day
Please do. I’m tired of reading PKD novels, they’re more fun happening IRL.
- eleitl@lemmy.zipEnglish1 day
Not could. It’s a mathematical certainty that it will. Barring a breakthrough miracle – fat chance.
- CheeseNoodle@lemmy.worldEnglish12 hours
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.worldEnglish23 hours
One day we shall reclaim the sullied em dash for ourselves once and for all!
- 1 day
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.caEnglish1 day
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.worksEnglish1 day
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.zipEnglish1 day
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
- Assassassin@lemmy.dbzer0.comEnglish2 days
If that’s the thing that kills the economy, the economy deserves to be killed
- 🌸𝓯𝓵𝓸𝔀𝓮𝓻🌸@sh.itjust.worksEnglish2 days
ah, because the billionaires are going to suck the blood from the regular economy like a vampire to recover
- anomnom@sh.itjust.worksEnglish1 day
Recover? No they buy low and double their take (or 100x or whatever the ratio is at this point).
We’re doing trillionaires now don’t forget. Even though Elon might not be anymore, there will be others unless we get our act together.
- Atropos@lemmy.worldEnglish2 days
We will follow the billionaires into it economic hell. In solidarity of course.
Fuck, I wish we had a choice in this.
- P1nkman@lemmy.worldEnglish2 days
We could always make them feel like life is hell and death would be welcome, especially considering that they’re doing it to us., and they. Do. Not. Care.
- anomnom@sh.itjust.worksEnglish1 day
They can fuck all our pensions up for good and starve us. That’s what it took to start the French Revolution, this time it’s gonna be global though.
- Racoonwithbenefits@lemmy.zipEnglish2 days
For normal people it will just mean some inflation increase and interest rates increase
Nothing we havent seen in the past few years
- ParlimentOfDoom@piefed.zipEnglish1 day
…you don’t remember 2008, do you? Mass layoffs, small businesses closing in droves, difficulty getting loans, new grads unable to get adequate jobs for years (half the millennial cohort is still behind due to it)
No our federal government will spend billions to bail out whatever AI companies are favored by trump this week.
- 2 days
and take the economy with it…
Yeah like the last umpteen times this has happened in my lifetime. We live in a society of greed, who knew it would be so unstable?
See entry level people believe it’s fundamentals. Smarter people understand that it’s reading people and knowing when they’re dumb enough to invest and knowing when to bail before they wise up. So if you think about it in those respects, it is indeed an honest to goodness “real” thing. People are really being ripped off by con-artist.
But yeah, the days of the 1890s to 1930s of structured investment, measured risk, and mitigation of the unforeseen, those days are dead. There aren’t market fundamentals outside of being able to identify rubes.
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.worldEnglish1 day
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
- 1 day
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.
- 2 days
Yeah, like we haven’t been through multiple “generational” recessions.
At this point I feel like I’ve spent more time alive during recessions than not, so what’s one more for the pile - especially if it means getting to watch the AI bros go bankrupt.
