He’s part of the problem. The entire group of tech giants have destroyed society with all their helpful tools of destruction. Let their bubble burst please!!!
In my company, we don't use AI we rely more on human knowledge and skills and yes we are still thriving for the best. By the way we always hit our weekly sales.
We saw the industry overcorrect on the internet 25 years ago, recover, and look where we are now; a vast-interconnected network mostly under the control of a few companies with deep pockets, spammers, scammers, and a few old-school personal sites mostly invisible and untrusted, where information flow is monetized and an individual's very words become the property of a company merely by virtue of typing them on their platform.
But I have no doubt that AI will be different. None whatsoever.
We are all going to have to knuckle down and pitch in to keep wages low and middle class taxes and fees high so trump can distribute pardons and cash to those who don't mind pdf files.
"Yes our product hinges entirely on technology whose usefulness is debated and the entire industry built on it may collapse on any given moment, but please keep buying our product!"
If that happens I’ll eat a hat, it’s just a stunt to make Tesla seem like it’ll be hugely profitable. Meanwhile they’re starting to role Apple CarPlay into cars to try and claw back customers
There's a hell of a lot of people who have exposure to the bubble through their pension or investment funds and never interrogated what the "equities" were because the line kept going up.
It will be their own death knell as well. If McDonald's replaced their entire workforce with robots tomorrow, suddenly the wages of all those redundant people will no longer be distributed into the economy, it will just sit in a shareholders fund somewhere. The economy relies on regular people spending money to keep going, the saving made by the first company to adopt AI will be huge, but every company after them will make fewer and fewer savings as the movement of money grinds to a halt.
Robots require quite a lot of things to get right - precision physical movement.
But AGI only needs to communicate. Be it by phone call, IM or email.
AI can already do all of that. Throw in the "general" bit and it'll be able to learn how to log into computer systems, look at things, make changes and whatever else.
There's an awful lot of people whose job looks an awful lot like that right now. Most of them are earning a lot more than they would at McDonalds - and spending it.
That's HR departments, payroll, accounts, IT, software development - vast swathes of professionals who earn a very good living. A few of them losing their jobs can adapt; society isn't really significantly affected. Almost all of them, however, is another matter entirely.
The only saving grace is that historically, things haven't changed anything like as fast as the techbros would like.
It's just about AI being equal to humans, it's also the fact that they can work 24/7, no tea breaks, holidays or sickdays, and every passing day they will only improve further.
Very good, however you're not Sam Altman is the CEO of OpenAI, who made this forecast in an interview. Beyond this, quantum chips are now viable as silicon chips in table top PC's.
Governments should now start larger dry runs on UBI, before it's too late.
First they said it’s the biggest revolution in human history since the Industrial Revolution, no, since the Agricultural Revolution. Then they said if we all don’t get on board with AI individually, personally, as workers, as private companies, as governments and states, we’ll be left behind, lost forever, forgotten by history. We have to hurry though. We’ll miss the AI train. Now they say there might just be a bubble. A bubble that if it bursts, a lot will be destroyed. Economies ruined. Hordes of unemployed across continents. I presume we’ll be expected to foot the recovery bill like with the banks and developers in the ‘00s and tens.
In my head it's analogous to the .com bubble, genuinely useful technology which has been shoehorned into places it doesn't belong just to attract huge amounts of speculative financing.
I've a rule of thumb these days. If your ageing boss comes to you with some new app on his phone and says "we need to use this in the company or we're going to be left behind" - it's an absolute fad and not worth your time or effort. If Elon Musk and that rat Zuckerberg are pushing for it, steer well away.
6 or 7 years ago it was all about the cloud. And hundreds of thousands of Irish employees ended up getting handed useless thin clients with their entire workspace hosted on virtual machines. Hours and hours of productivity wiped out each month but it's grand because your boss can say he's in the cloud.
We need to cop on that these aren't intelligent people. Zuckerberg spent billions on the "metaverse" and changed his parent company name to Meta because he was so sure that we'd all be spending out leisure time in this thing. Billions of dollars and all he had to show for it was a low pixel version of the fucking Sims.
I'm 50/50 on this. The Ed Sheeran case was a huge turning point. He added TLC to the writing credits and they get royalties. It also begs the question when is it copying and when is it influencing. I could hear it on Blessed by Calvin Harris and Offshore by Chicane but that was deemed to be an influence of one on the other. With AI that can be hard to tell
People are cool with a human learning how to make music by listening to others play music, its been happening for 1000s of years. That person is going to be creating music in a market by and for humans on a level playing field with everyone else.
A computer however can generate 1000s of songs in an hour, and its still very early days in AI tech, despite the fact it can already make songs that people struggle to differentiate between human and tech.
Rather than asking what the line is between theft and influence (which law has already defined it pretty well for humans), ask yourself whether we want to let the horse bolt on soulless AI slop taking over the largest creative industry on the planet? All to benefit a tiny % of people who themselves have no creatively and leech wealth off the backs of others.
AI should be focused on improving life for all, taking away mundane or dangerous work, helping to improve health and environmental outcomes, not robbing people blind for rich people who have more money than they'll ever spend.
I never understood why AI was let near creative field in the first place. AI was always supposed to either become AGI or used strictly for mundane boring analyzing number-crunching work. That's literally what it was made for. Not for imitating human talent and imagination. It's not needed, it's damaging.
My 2 cents on this is that Tech became so lucrative that governments are too afraid to stand up them. Even the european union as a collective block has largely failed to protect creative europeans.
4 people I know who work in very different industries from each other have been told that there will be lay offs in their companies in the last number of weeks. I dont know if it's a coincidence or is the economy in for a rough 2026.
Oracle probably will be the first victim, they just bet the farm on OpenAI and their repayments for the loan they took to build datacenters are in the order of U$60bi/year. All it would take is OpenAI failing to pay them or delaying a payment.
AI is AWESOME! Yesterday I watched an AI generated porno of Dolly Parton with a penis and an army of submissive midgets. You can't tell me that isn't worth the trillions of dollars invested in AI so far. Now, I do sometimes wonder why tech companies have been sitting on trillions of dollars with no idea what to do with it after "big data" went bust while my buddies and I look for work and can't afford food or a home. I'm sure the invisible hand of the market will fix it just like it made everything in France better when most people could no longer afford bread.
well other than those ellison because he owns many of the data centers and they’ll still be there afterward. just like the dot com bubble the infrastructure didn’t vanish it was simply consolidated.
What's wild to me is how early companies just went all in. I get that it gets better every day but they just fired whole departments over a beta, at best.
Then stop fucking investing every damn penny into it. Stop cutting jobs for workers to be replaced by something that you created. If all companies are going to be affected THEN STOP BEFORE YOU GO TO FAR.
As a tech guy who homelabs I can't wait for the AI bubble to burst. Those fuckers have been gobbling up everything they can get their grubby little hands on and driving prices up out the ass.
In the last year RAM & HDD prices have doubled. There's other factors in there as well of course like DDR4 production stopping, but I used to be able to get a 32gb stick of DDR4 off Amazon for $70 CAD and a 12tb refurbished exos for $130 CAD including shipping.
That same stick of ram now is $180 and the same hard drive after shipping is $250.
Maybe then we will finally see which the actually useful companies are and which aren’t. I doubt my barber or my plumber will lose much sleep if the AI bubble bursts.
Economies don’t work like that bro, they’re so heavily invested in one idea that it bursting will affect every living person and industry, whether that’s in tech or not.
I didn’t care or was invested in real estate in 2008, but I still got shafted.
And this is why they are pushing it so hard to c9mpanies. So that when it pops. Only 3 or 4 major ones will be in play and they will become bigger than the companies using them
These news regarding the potential AI bubble always paint half the picture. When the dot com bubble happened during the early internet days you can’t say that they were wrong about the concept of the internet being a massive game changer - investors were only too hasty and too enthusiastic. After the bubble burst the tool they were investing in did go to revolutionise pretty much everything and to continue to do so, with some companies growing massive off its back (like, precisely, Google). If AI is to follow the same path there might be a correction, maybe even a bubble, followed by potential massive technological changes and big winners. So yeah, they’re not wrong, just half-wrong.
Something tells me big companies will be perfectly fine, but a lot of ordinary people will have to carry the burden of their financial mistakes. The best of all possible worlds, right?
I guess our only option is to use all the power and drinking water in the world and have government bail outs to make the bubble as massive as possible so the tech oligarchy can become Trillionaires while the rest of us just stop existing.
Toi aussi un tour
ReplyDeleteIt’s your bubble, you clean up the mess
ReplyDeleteWell, no one's doing anything to constrain it, are they?
ReplyDeleteFor a bunch of smart guys, they seem to be extraordinarily suggestible by every half assed scam that comes along, Crypto, AI, Quantum Computing etc..
ReplyDeleteTaxpayers don’t want to bail you out.
ReplyDeleteHe’s part of the problem. The entire group of tech giants have destroyed society with all their helpful tools of destruction. Let their bubble burst please!!!
ReplyDeleteIn my company, we don't use AI we rely more on human knowledge and skills and yes we are still thriving for the best. By the way we always hit our weekly sales.
ReplyDeleteToo big to fail again huh?
ReplyDeleteGood. Make dumb investments, win stupid prizes.
ReplyDeleteThe only winning move was not to play.
DeleteI've been called too bearish on AI in my professional IT career.
Delete"if" LOL
ReplyDeleteOther than the cleaning the coffee off of my monitor after shooting it out my nose while laughing, I'll be fine.
ReplyDeleteWe saw the industry overcorrect on the internet 25 years ago, recover, and look where we are now; a vast-interconnected network mostly under the control of a few companies with deep pockets, spammers, scammers, and a few old-school personal sites mostly invisible and untrusted, where information flow is monetized and an individual's very words become the property of a company merely by virtue of typing them on their platform.
ReplyDeleteBut I have no doubt that AI will be different. None whatsoever.
Of course.
The Pop is here, huh. I hope OpenAI defeats copyright before it goes
ReplyDeleteIf copyright is ever "defeated" by AI, it will only be for the wealthy (ie: companies). Poor people will still have to abide by it.
Deletecopyright duration is the issue not copyright per say. match copyright and trade secret duration to patent duration and 90% of the problems go away
Delete"Anyways, here's our presentation on more AI shit shoved into Android and Google search!"
ReplyDeleteIf people shouldn't "blindly trust" Google's AI models then they should probably pull all of the aggressive marketing they've been running.
ReplyDeleteFeels like they are setting themselves up for a bailout. No reason they were front and center at Trumps inauguration....no reason at all.
ReplyDeleteWe are all going to have to knuckle down and pitch in to keep wages low and middle class taxes and fees high so trump can distribute pardons and cash to those who don't mind pdf files.
ReplyDelete"Yes our product hinges entirely on technology whose usefulness is debated and the entire industry built on it may collapse on any given moment, but please keep buying our product!"
ReplyDeleteWait! Are you trying to tell me, I'm going to lose my job, because the machine that was designed specifically to steal my job, exploded???
ReplyDeleteNo. You're going to lose your job because your company invested all their money into the machine that was designed to steal your job.
DeleteThen it exploded.
Actually yes.
DeleteThey’re gona punish us by beggaring themselves /s
DeleteThe executives who completely fucked everything up aren’t going to be punished for their fuck ups
DeleteWhere have I seen this before?
Deletehttps://imgur.com/a/VbEIOrN
ReplyDeleteWith the amount of VC money being pumped into AI, we could have another global recession triggered by American greed.
ReplyDeletetbf, a lot of the VC money comes from the Middle East, via Softbank.
DeleteNvidia being worth more than some European countries...it's nuts
DeleteMusk's $1tr payday, is the same as the entire GDP of Switzerland.
DeleteIf that happens I’ll eat a hat, it’s just a stunt to make Tesla seem like it’ll be hugely profitable. Meanwhile they’re starting to role Apple CarPlay into cars to try and claw back customers
DeleteWhich ones? Market cap and income are two different things.
DeleteLike saying you've gotten yourself into a precarious financial situation because your wallet has more money in it than you earn in a day.
Yeah, American greed. It has nothing to do with people all over the world buying Nvidia stocks :-)
DeleteNot the smartest people I guess.
DeleteWell, can't wait for Nvidia to eventually remember that gamers exist...
There's a hell of a lot of people who have exposure to the bubble through their pension or investment funds and never interrogated what the "equities" were because the line kept going up.
DeleteNo shit Sherlock...
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteWhereas if they do invent AGI, then an awful lot of jobs rapidly cease to exist.
DeleteWhich means up to 30% of the population becomes unemployable overnight.
And if that doesn't spiral an economy into recession, nothing will.
It will be their own death knell as well. If McDonald's replaced their entire workforce with robots tomorrow, suddenly the wages of all those redundant people will no longer be distributed into the economy, it will just sit in a shareholders fund somewhere. The economy relies on regular people spending money to keep going, the saving made by the first company to adopt AI will be huge, but every company after them will make fewer and fewer savings as the movement of money grinds to a halt.
DeleteAGI is more subtle than that.
DeleteRobots require quite a lot of things to get right - precision physical movement.
But AGI only needs to communicate. Be it by phone call, IM or email.
AI can already do all of that. Throw in the "general" bit and it'll be able to learn how to log into computer systems, look at things, make changes and whatever else.
There's an awful lot of people whose job looks an awful lot like that right now. Most of them are earning a lot more than they would at McDonalds - and spending it.
That's HR departments, payroll, accounts, IT, software development - vast swathes of professionals who earn a very good living. A few of them losing their jobs can adapt; society isn't really significantly affected. Almost all of them, however, is another matter entirely.
The only saving grace is that historically, things haven't changed anything like as fast as the techbros would like.
Heard AGI is forecast for the end of 2026.
DeleteIt's just about AI being equal to humans, it's also the fact that they can work 24/7, no tea breaks, holidays or sickdays, and every passing day they will only improve further.
That's a very optimistic forecast I have to say
DeleteAnyone can forecast a date.
DeleteI'm forecasting AGI by noon on Saturday
Very good, however you're not Sam Altman is the CEO of OpenAI, who made this forecast in an interview. Beyond this, quantum chips are now viable as silicon chips in table top PC's.
DeleteGovernments should now start larger dry runs on UBI, before it's too late.
The constant talk lately about how there’s not an AI bubble is making it really seem like there is a bubble, and they’re worried it’s about to pop.
DeleteFirst they said it’s the biggest revolution in human history since the Industrial Revolution, no, since the Agricultural Revolution. Then they said if we all don’t get on board with AI individually, personally, as workers, as private companies, as governments and states, we’ll be left behind, lost forever, forgotten by history. We have to hurry though. We’ll miss the AI train. Now they say there might just be a bubble. A bubble that if it bursts, a lot will be destroyed. Economies ruined. Hordes of unemployed across continents. I presume we’ll be expected to foot the recovery bill like with the banks and developers in the ‘00s and tens.
ReplyDeleteIn my head it's analogous to the .com bubble, genuinely useful technology which has been shoehorned into places it doesn't belong just to attract huge amounts of speculative financing.
DeleteYup. My thought too. The general public facing bit of it is the bit most oversold I think. And as you say the mad shoehorning of it every damn place.
DeleteThis time it will be worldwide
DeleteI've a rule of thumb these days. If your ageing boss comes to you with some new app on his phone and says "we need to use this in the company or we're going to be left behind" - it's an absolute fad and not worth your time or effort. If Elon Musk and that rat Zuckerberg are pushing for it, steer well away.
ReplyDelete6 or 7 years ago it was all about the cloud. And hundreds of thousands of Irish employees ended up getting handed useless thin clients with their entire workspace hosted on virtual machines. Hours and hours of productivity wiped out each month but it's grand because your boss can say he's in the cloud.
We need to cop on that these aren't intelligent people. Zuckerberg spent billions on the "metaverse" and changed his parent company name to Meta because he was so sure that we'd all be spending out leisure time in this thing. Billions of dollars and all he had to show for it was a low pixel version of the fucking Sims.
Hehe. Thanks for the chuckle
Delete"6 or 7 years ago it was all about the cloud"
DeleteSorry, are you really trying to say that the cloud is/was a fad?
In a lot of cases, cloud is not needed. When it's used for collecting your personal info without consent for example.
DeleteThe cloud is great for remote working ... Which is what the higher ups are trying to eliminate.
DeleteDayum, if only he knew someone in a position to influence that outcome.
ReplyDeleteThe message is the same as the banks last time, everybody else is going to have to pay for the mistakes of a few rich people
ReplyDeleteHope it bursts, stealing other people's work should never be an industry
ReplyDeleteI'm 50/50 on this. The Ed Sheeran case was a huge turning point. He added TLC to the writing credits and they get royalties. It also begs the question when is it copying and when is it influencing. I could hear it on Blessed by Calvin Harris and Offshore by Chicane but that was deemed to be an influence of one on the other. With AI that can be hard to tell
DeletePeople are cool with a human learning how to make music by listening to others play music, its been happening for 1000s of years. That person is going to be creating music in a market by and for humans on a level playing field with everyone else.
DeleteA computer however can generate 1000s of songs in an hour, and its still very early days in AI tech, despite the fact it can already make songs that people struggle to differentiate between human and tech.
Rather than asking what the line is between theft and influence (which law has already defined it pretty well for humans), ask yourself whether we want to let the horse bolt on soulless AI slop taking over the largest creative industry on the planet? All to benefit a tiny % of people who themselves have no creatively and leech wealth off the backs of others.
AI should be focused on improving life for all, taking away mundane or dangerous work, helping to improve health and environmental outcomes, not robbing people blind for rich people who have more money than they'll ever spend.
I never understood why AI was let near creative field in the first place. AI was always supposed to either become AGI or used strictly for mundane boring analyzing number-crunching work. That's literally what it was made for. Not for imitating human talent and imagination. It's not needed, it's damaging.
DeleteMy 2 cents on this is that Tech became so lucrative that governments are too afraid to stand up them. Even the european union as a collective block has largely failed to protect creative europeans.
Delete"the largest creative industry on the planet?"
DeleteI'm sorry but no.
The games industry is worth more than music and films combined
Fair correction, thank you. Same point applies to creative works from visual to audio to code in those industries too.
Delete"I could hear it on Blessed by Calvin Harris and Offshore by Chicane"
DeleteI will never understand how people hear these things as the same thing.
They are different notes in a different rhythym
Harris claimed he altered the pitch and timing. Im not musically talented though!
DeleteThen you've written a different piece of music.
Delete*when
ReplyDeleteThe bubble is going to pop and its going to be messy.
ReplyDeleteAi is a somewhat useful tool but clearly whatever tipping point they want it to be at isnt coming soon.
Ah yes global depression leading to a massive war. History really does repeat
ReplyDelete2030s won’t be like the 1930s right?
Delete…right..?
No, the populism and war will happen faster thus time around.
DeletePrepare the UBI payment pipelines now.
ReplyDeleteRecession coming, paschal bailing
ReplyDeleteAi is about to go pop , the last driver of growth in our economy
You should post that in every thread
Delete"paschal bailing"
DeleteDid cross my mind that it's like Charlie McCreevy riding off into the sunset.
I'm glad I'm not the only one to think that about Paschal..
DeleteLikewise. Watched the Pichai interview, then newsline came on and saw the PD resignation and suspicions went brrrr.
DeletePeter “Fucking Ghoul” Theil got rid of a load of Nvidia stock too
Deleteif? more like when.
ReplyDelete4 people I know who work in very different industries from each other have been told that there will be lay offs in their companies in the last number of weeks. I dont know if it's a coincidence or is the economy in for a rough 2026.
ReplyDeleteWith their HQ in Ireland this could risk exposing Irish employees to redundancy. If that AI bubble bursts Ireland is in trouble
ReplyDeleteNo economy is safe if the bubble burst.
DeleteWe're all cooked and I love the smell of bbq!
DeleteAll these people coming out concerned about it, and others already gravedancing means it'll definitely not happen imo. Never bet against the USA.
ReplyDeletehttps://tenor.com/view/robotgirl-artificial-asco-tumblr-sophia-the-robot-gif-9734323
ReplyDeleteWhy is this relevant
ReplyDeleteOracle probably will be the first victim, they just bet the farm on OpenAI and their repayments for the loan they took to build datacenters are in the order of U$60bi/year. All it would take is OpenAI failing to pay them or delaying a payment.
ReplyDeleteAI is AWESOME! Yesterday I watched an AI generated porno of Dolly Parton with a penis and an army of submissive midgets. You can't tell me that isn't worth the trillions of dollars invested in AI so far. Now, I do sometimes wonder why tech companies have been sitting on trillions of dollars with no idea what to do with it after "big data" went bust while my buddies and I look for work and can't afford food or a home. I'm sure the invisible hand of the market will fix it just like it made everything in France better when most people could no longer afford bread.
ReplyDeletewell other than those ellison because he owns many of the data centers and they’ll still be there afterward. just like the dot com bubble the infrastructure didn’t vanish it was simply consolidated.
ReplyDeleteThis is just a side note but the fact that we haven't put AI into things that require 100 percent accuracy should tell you all about the technology.
ReplyDeleteAirlines aren't using it to replace pilots. They haven't said anything.
Its not replacing ATC anytime soon.
Its not replacing IT staff mostly programing and even that I believe is short sighted.
Its a good technology with niche applications and the only application its good for is spaming seniors with emails that spund legit
also it'll be very very good for surveillance
DeleteWhat's wild to me is how early companies just went all in. I get that it gets better every day but they just fired whole departments over a beta, at best.
ReplyDeleteThen stop fucking investing every damn penny into it. Stop cutting jobs for workers to be replaced by something that you created. If all companies are going to be affected THEN STOP BEFORE YOU GO TO FAR.
ReplyDeleteAs a tech guy who homelabs I can't wait for the AI bubble to burst. Those fuckers have been gobbling up everything they can get their grubby little hands on and driving prices up out the ass.
ReplyDeleteIn the last year RAM & HDD prices have doubled. There's other factors in there as well of course like DDR4 production stopping, but I used to be able to get a 32gb stick of DDR4 off Amazon for $70 CAD and a 12tb refurbished exos for $130 CAD including shipping.
That same stick of ram now is $180 and the same hard drive after shipping is $250.
dot ai bubble huh….Feels like Milton at Office Space saying “ok that’s the last straw.”
ReplyDeleteWhat happens when you pool all your resources and capital into a glorified snake oil that is advanced API.
Maybe then we will finally see which the actually useful companies are and which aren’t. I doubt my barber or my plumber will lose much sleep if the AI bubble bursts.
ReplyDeleteEconomies don’t work like that bro, they’re so heavily invested in one idea that it bursting will affect every living person and industry, whether that’s in tech or not.
DeleteI didn’t care or was invested in real estate in 2008, but I still got shafted.
And this is why they are pushing it so hard to c9mpanies. So that when it pops. Only 3 or 4 major ones will be in play and they will become bigger than the companies using them
ReplyDeleteThese news regarding the potential AI bubble always paint half the picture. When the dot com bubble happened during the early internet days you can’t say that they were wrong about the concept of the internet being a massive game changer - investors were only too hasty and too enthusiastic. After the bubble burst the tool they were investing in did go to revolutionise pretty much everything and to continue to do so, with some companies growing massive off its back (like, precisely, Google). If AI is to follow the same path there might be a correction, maybe even a bubble, followed by potential massive technological changes and big winners. So yeah, they’re not wrong, just half-wrong.
ReplyDeleteYah gosh it's like the billionaires are scared that they will have to re hire and pay actual people and not just get computers working for free??
ReplyDeleteThis comment has been removed by a blog administrator.
ReplyDeleteI thought we paid these guys the hundreds of millions of dollars a year because they were special and had the foresight to see these things coming?
ReplyDeleteWhen the bubble breaks many people will lose everything.
ReplyDeleteWhen the bubble breaks many people will become wealthy beyond belief.
The result is the rise of the trillionaire class while thousands starve.
Other than the cleaning the coffee off of my monitor after shooting it out my nose while laughing, I'll be fine.
ReplyDeleteSomething tells me big companies will be perfectly fine, but a lot of ordinary people will have to carry the burden of their financial mistakes. The best of all possible worlds, right?
ReplyDeletek so maybe stop inflating it.
ReplyDelete"We are v concerned the torment nexus may result in torment," says man who built torment nexus
DeleteI guess our only option is to use all the power and drinking water in the world and have government bail outs to make the bubble as massive as possible so the tech oligarchy can become Trillionaires while the rest of us just stop existing.
ReplyDelete