So Skynet won’t be one single thing when it finally emerges, but it will be stupid?
Nvidia is investing in everyone because otherwise nobody will keep buying their shit, because half these companies don’t actually have any real userbase, they can only buy nvidia GPUs for investment money, not from their own profits. The ones that have an actual userbase STILL don’t turn a profit. It’s fucked
If this isn’t a bubble, I don’t know what is. Oh and the leading “AI” companies are cutting research funding and just increasing scaling of existing technologies, while claiming they’re harbingers of AGI. Lmao.
Yep, none of the promised and already priced in revenue from AI has even begun to materialize. In many places, AI simply doesn’t fill the promised use case, and in the few where it has a use, a lot, if not all of the money “saved” is spent in vetting the results. The few places where it saves some money as a tool are far from the probably trillions in revenue they priced in.
I wonder when the first larger investors will get cold feet. As long as they circlejerk themselves to new records probably not. But all it takes is a spark at this point
This is how you get a high GDP while half the population can’t afford to satisfy basic needs.
How long has it been? Three? Four years?
Anyway, imagine it was 2004 and your about to watch all the advertising slowly get replaced with investment pitches for Lehman Brothers. That’s what this has felt like.
It’s weird how every investment class is in the green right now. Like when was the last time that happened?
As opposed to every other econony trading real dollars back and forth.
Every other country has their retirements attached to the US stock market, and the US stock market is now pretty much just those companies in the picture.
That’s a huge problem for literally everyone who lives on the grid.
Relying on the US Economy as the nation falls into isolationist fascism is a huge problem.
But it isn’t because the economy revolves around the USA’s biggest exports, excluding oil, and sectors seeing the most development.
The USA saw more than $500 Bn USD growth in exports between 2020 and 2024, an increase of 44%.
It’s not just mindlessly trading back and forth inflated funds, although that is also happening, it’s a system that creates product.
Ah, but the economy isn’t moving dollars around buying tulip bulbs.
