AI don't trust techbros

Dekafox

Fabulously Foxy Dragon
Citizen
lol, they do state it outright in there apparently, from someone else who dug through the whole thing, under risks:

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Pocket

jumbled pile of person
Citizen
That much money probably would have been enough to solve world hunger.
 

wonko the sane?

You may test that assumption at your convinience.
Citizen
World hunger, knocked out a couple epidemics, built about a thousand schools in third world countries...

Instead it sucked up some lakes and made fake celebrity porn.
 

CoffeeHorse

Hanging in there
Staff member
Council of Elders
Citizen
I think I'm going to become a prepper. This is the worst bubble ever, and there's no value to be extracted from it when it pops. There's no potentially profitable nugget buried under a mountain of debt. The product itself is the money sink. This is going to get ugly.
 

Rhinox

too old for this
Citizen
I'm hoping this bubble bursts and takes a whole lot of "sharks", wall street types, "tech bros" and CEOs with it. Like, line them up at the 20th story window and help them on their way.
They have worked to hug the world to line their own pocket. Least they can do is go out in an entertaining fashion, seeing how many times the human body will bounce.
 

CoffeeHorse

Hanging in there
Staff member
Council of Elders
Citizen
People will be ruined by this. I don't know if there's ever been so much money invested in nothing. This will leave behind empty buildings that were going to be data centers, and little else.
 

wonko the sane?

You may test that assumption at your convinience.
Citizen
NFTs were a preview to this. We thought paying for gifs were peak capitalism... but here we are. And I am happy for it.
 

Tuxedo Prime

Well-known member
Citizen
NFTs were a preview to this. We thought paying for links to gifs on a remote server was peak capitalism... but here we are. And I am happy for it.
Apologies for the presumption, but I had to clarify just how vapourous the whole NFT craze was....
 

Pocket

jumbled pile of person
Citizen
Hell, that would happen even if Democrats were in charge. Occupy Wall Street was during the Obama era and nothing came of it; the billionaires still got their handouts and the media still called it a victory for the economy.
 

Pocket

jumbled pile of person
Citizen
It's not as famous as "Some of you may die, but that's a sacrifice I'm willing to make" or "You really should have thought of that before you became peasants", but I'm nearly certain there's some cartoon villain from the '90s or 2000s who called the poor greedy for hogging the tiny portion of the wealth that ought to be his. Can't put my finger on it at the moment. Probably from one of those dumb second-rate movies that I only ever saw once and then ended up on The Nostalgia Critic.
 

Dekafox

Fabulously Foxy Dragon
Citizen
Assuming they have enough money to even do anything:

Anthropic reports $17 billion in Q3 revenue, purchase commitments of $895.4 billion in revised S-1
Anthropic "reported a $104 billion net loss during the period, though most of that was due to the change in fair value of convertible notes and derivative liabilities. Anthropic lost $25.1 billion over the same stretch in 2025."
 

Pocket

jumbled pile of person
Citizen
So I had a thought last night. You know what you were saying about how AI has probably been around for a lot longer than the companies making it want to admit? I realized that I can think of specific pieces of software that—unless my understanding of technology is woefully underdeveloped—pretty much have to be relying on LLMs and have been around for quite a long time: [snip]
I just had another horrifying thought. What if crypto mining was always just a front for data centers doing LLM training before they had a product to show for it and rationalize its existence? The timeline does line up perfectly.
 


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