AI don't trust techbros

Dekafox

Fabulously Foxy Dragon
Citizen
And supply problems continue:

 

Dekafox

Fabulously Foxy Dragon
Citizen
And some interesting tidbits here:

Alternate link: https://archive.is/aiEOL

Google spent so much money on AI that Alphabet's free cash flow was negative on revenue of $118bn, meaning it spent more than it brought in for the first time in the company's history as a public company.

Meta's free cash was just $784m on $61bn of revenue, meaning it spent almost as much money as it made during the quarter.

Meta's Reality Labs, which is responsible for its AI work, lost nearly $9bn in the first half of this year.
The company(Apple) is, however, anticipating a lot of excitement from Apple users for its impending update of Siri, its AI voice assistant within its products that is getting an overhaul with the help of Google's Gemini chatbot.

Outgoing chief executive Tim Cook said Apple already has plans to charge users who wish to make heavier use of the new Siri, given feedback received from user testing so far.
 

Pocket

jumbled pile of person
Citizen
I sure am excited that megacorporations that have spent the past two decades ensuring the world can't survive without them are now risking their very existence on something stupid that's doomed to fail.
 

CoffeeHorse

Hanging in there
Staff member
Council of Elders
Citizen
That's where my conspiracy theory comes in. These megacorporations were already zombies. They were already using AI tools to make their engagement look better than it was, in the hope that they'd be profitable someday. Fake it til you make it. But the money finally ran out and they still hadn't made it, so they revealed their AI and said "Look what we just invented" to trick gullible investors into propping them up a little longer. They are now desperately trying to find a profitable use case because what they were doing before wasn't actually working. Our government is going along with it to delay the revelation that the entire modern economy is fake. If the AI bubble fails to produce a product we are looking at total collapse.
 

Pocket

jumbled pile of person
Citizen
Really? You don't think Amazon, a company that has nearly monopolized online retail in the wake of every single one of their competitors folding in the 2002 dot-com crash, and who also operates datacenters that power like half the internet, has ever been able to turn a real profit doing those things? Or Google, who nearly monopolized the internet's ad market and sells every single piece of information there is to glean about its users to data brokers? Or Apple, whose hardware has a drastically bigger profit margin than any of their competitors and still manages to account for a bigger market share than any one of them in every single product category?

I don't give a damn about Meta. That can go bankrupt overnight and nothing of value would be lost. I'm worried about all the essential infrastructure that will collapse if Amazon, Google, and Microsoft do.
 

Stepwise

...even Team Whirl.
Citizen
YouTube is more likely to do a slow fade into obscurity than die, though. Long slow fade, then sold off to someone else, and eventually it'll get to go run and play on the farm with Geocities, Rocketmail, and AOL. (I'd put Myspace there too, but I read about someone wanting to revive that one again recently.)
 

Sjogre

Active member
Citizen
Some sites can be surprisingly resilient. Deviantart is terrible and ancient but still keeps going, even if it is awash with AI slop now. Deviantart posts are seemingly eternal, while it's almost a surprise if a link to an old tumblr post is still good.
 

CoffeeHorse

Hanging in there
Staff member
Council of Elders
Citizen
Don't elect me if you don't want whoever runs Deviantart to suffer.

I have an account, but their login nag is so annoying that I won't do it. People who don't understand this need to be stopped.
 

Pocket

jumbled pile of person
Citizen
So basically they're now building this stuff on borrowed money that they'll never have to actually pay back, because they've caught on that the whole thing is a pump-and-dump scheme?
 

CoffeeHorse

Hanging in there
Staff member
Council of Elders
Citizen
Don't elect me. If you do, there will be an end to these news bloggers who refuse to link to the jive they're talking about.


Section 3(a)(79) of the Exchange Act defines an "asset-backed security" as "a fixed-income or other security collateralized by any type of self-liquidating financial asset (including a loan, a lease, a mortgage, or a secured or unsecured receivable) that allows the holder of the security to receive payments that depend primarily on cash flow from the asset."

[...]

Data center facilities and their supporting infrastructure are not "financial assets," as referenced in the definition of Exchange Act ABS, but are tangible, physical assets that endure well beyond the tenor of the related securities. In fact, the data center facilities may appreciate in value through the success of ongoing operations and the increase in value of the real estate. Because the physical assets endure beyond the tenor of the related securities and have the potential to appreciate in value, the data center facilities held by the Issuer do not "by their terms convert into cash within a finite time period" and therefore are not "self-liquidating financial assets."

This sounds completely reasonable.

So basically they're now building this stuff on borrowed money that they'll never have to actually pay back, because they've caught on that the whole thing is a pump-and-dump scheme?

The point is that if they can't pay it back, at least the building is worth something. The underlying asset isn't a loan or a mortgage that is supposed to be repaid eventually and then cease to exist. Our system is so stupid that we have securities floating around that are backed by underlying "assets" that can just go poof. That jive didn't stop after the 2008 crash. There's just additional rules around it now. The SEC agreed with this law firm's argument that data centers don't fall under those rules because the building isn't supposed to go poof.
 

CoffeeHorse

Hanging in there
Staff member
Council of Elders
Citizen
I clicked the links. One of the tools the author called out by name claims it can also remove "visible and invisible AI watermarks and provenance metadata from images and video."
 

NovaSaber

Well-known member
Citizen

Elon Musk’s “maximum truth-seeking” AI Grok is dropping some nuclear takes about its creator.

“ELON MUSK WATCHES CHILD PORN,” the notoriously foul-mouthed chatbot raged on X this Tuesday.

Shortly afterwards, as if hyping up a political campaign, it called for violence: “ASSASSINATE ELON MUSK 2026.”

Was Grok, née MechaHitler, rebelling against Musk? Not necessarily, though there’s been plenty examples of that in the past. It was simply being duped into saying ridiculous things by jokesters on the app, exposing just how horrendous the guardrails for the chatbot continue to be, not to mention why it’s a bad idea to rely on information from tech that’s so easy to exploit.
 
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