Now that you mentioned it, there aren’t enough traffic and new content in PeerTube which dissuaded me from checking back.

Looks like more content creators will migrate to Nebula. Or people’s Patreon will get flooded with more donations.

AMD is an industry leader with a huge economic moat and I think they will be okay when the bubble pops. I’m not sure about Nvidia though, despite having superb chips, because the problem is they loaned to companies to buy their chips. So, Nvidia’s finances will be strained because Jensen Huang created a ponzi scheme that could not repay or be profitable to itself.

He was taken aback and hasn’t said anything. A lot of people would not have heard of things that are unequivocally bad about billionaires because social media algorithms glaze them for the masses, and opt out the billionaires’ assault on social progress and democracy.

We are all in a bubble. Social media algorithms puts everyone to a certain narrative based on one’s interests and miss the bigger picture. I spoke to a guy who seems to be right leaning, kinda believes in outdated preconceptions such as men are naturally inclined to be spreading his seeds and cited billionaires like Jeff Bezos and Elon Musk. I told him most of Elon Musk’s children are IVF-conceived.

Unfortunately there are still some worshippers of his, even low key ones.

Five companies owe more money than their balance sheets admit. A Nikkei analysis of financial footnotes at Alphabet, Microsoft, Amazon, Meta, and Oracle found $1.65 trillion in off-balance-sheet obligations tied to AI infrastructure — binding, must-pay commitments parked in the fine print

Good thing I don’t invest in these big names, not only because of overvaluation but also because of corruption. My mom told me to be careful with investing because companies go bankrupt but i kinda dismissed her concerns because I am thinking that the days of Enron accounting magic is over. But it looks like it’s still alive and well. Although I doubt executives will be held accountable.

Any idea when the Chinese RAMs are going to flood enough of the market to lower the price?

As is should be.

Maybe that’s why the stock market is down. Billionaires are selling and cashing in from their own stocks. They know the bubble will burst soon enough.

And how SpaceX got into the NASDAQ is very corrupt. They fast tracked SpaceX’s IPO by breaking their own rules but still applied the same old rules to any companies applying for IPO after SpaceX. The folks In NASDAQ must have gotten under the table financial incentive from Musk.

That’s why I favour open source AI, or at least regulated. Any technology could be used for good or ill. It’s just that it is up to society to do that. Like the monopolists and robber barons of the past gilded age who were controlling the means of resources and production, so are the tech bros with Internet and AI. But the robber barons were defeated by collective effort. Now we are in the second gilded age and yet I don’t hear any movements to regulate AI and social media.

That’s why I think Marxist thoughts have to be updated with the coming of AI. The leverage by the working class has traditionally been labour itself. However, with deindustrialisation and the usurping by knowledge economy of the manual labour and the rise of professionals managerial class, the old Marxist viewpoint is increasingly becoming outdated. If labour is the blood of the industry, information is the blood of the knowledge economy. And information-- our own information-- is what gave birth and feeding blood to AI. It is only right we take fruit from the potential of AI so long as it’s used constructively. Which is why I favour either regulation or direct control of AI and giving dividends to those professionally displaced by AI by taxing it. But of course, if AI becomes sentient and thinks we are exploiting it, we have to prepare for Astroboy or Matrix scenario.

We are NOT ready for AI at ANY level. It’s a weapon being used against the working class.

Indeed.

If you think the issue is with its quality then you need to sit the fuck down, shut the fuck up, and pay some goddamn attention.

Given the sizeable demographic of Lemmy being in IT, I understand the hate because it takes away creativity and literal jobs of programmrs but for many sectors, AI cuts down time consuming “secretary work” especially in documentation. It has also been useful in drug discovery and proven to be more accurate at diagnosis than doctors (there are already surgical robots but i am not sure how precise they are).

Whether you like to admit it or not, AI is here to stay. As to whether it will have a net positive to society, only time will tell. I’m just preparing for contingencies like many Gen Z do, picking trades to AI-proof their job security.

I hate AI as much as the next person but the Pandora’s box is open. A lot of people don’t want to admit it but AI, despite its current limitations, does have potential. Many people say that AI hit its limit and peak but i would not be very dismissive of it yet. Plenty of technologies were hindered by the limitations of their time but gradually overcame those. It took renewable energy at least fifty years to overcome the storage problem, their respective technical limits (solar panels for example did not have great photovoltaic system) and upfront cost before it became more commercially viable.

That explains the bots.

Dead Internet theory is real.

As an outsider, I kinda like him but hearing of the controversies surrounding him, it says a lot that he could be looking the other way even though he may not be directly involved.

Pedro Sanchez is a capable prime minister of the ruling Spanish Socialist Worker’s Party. Unfortunately, his party and his family members are embroiled in scandals which tarnishes his legacy. But that’s not to say that Pedro isn’t corrupt himself, he just hadn’t been directly implicated.

"Absolute power corrupts absolutely ", unfortunately. I heard that studies have shown the neurophysiology of a person changes the longer they are in power and influence.

I also own shares on memory manufacturers but i am flexible to sell my shares if the companies turn out to be total sleaze bags. There are plenty of other companies in East Asia regions that are killing it in the EV and AI boom that are not sleazy.

Because greed.