Looks like they go what they voted for.  Why do I not feel sorry?  Because when adults are idiots it is a choice. 

I do feel their pain, that is different. 

I can feel it, but I have to ask.  How many more times will these class traitors have to starve before they learn?

Think lawsuits will stop Chump's Gestapo?  Repugnants are so far down in the polls their only Hopium is for Chump to fix the election.  It's going to be a zoo.

RE

It took Chump to bring starvation back to the FSoA.  Add another Crime Against Humanity.

RE

Every practical use of AI screams to be disconnected from the internet.  Think about it,  if it is really AI why does it need the internet to do useful work.  It is an unnecessary dependency.

Unless, as in the words of Lenard Cohen they want to put a meter on your bed.


It will be spoon fed to you while tyrannical sadists extract rent for everything you do.  That is the endgame.  Royalty always collects a tax doncha know.  Does the following suggest an entitled sadistic domineering personality?  Or not.  You decide.


Apparently the family that lays together does not stay together.


Does money care about such things?  I suppose that depends on which way the wind blows.  Of one thing I am certain.  Money does have an opinion, and money does not like being challenged for the title of artificial intelligence which money has held for several hundred years.  I wonder what the 'smart money' thinks.  Smart money, I am sure you have heard of it.  Everybody has.  And when smart money gets to greedy, popola, it becomes dumb money.


I do not want to have their vision of the future.  It is being forced on us for 'their' benefit, and I really wish somebody besides me cared.  Lizard people, all of em.

Has anyone figured out that excessive liquidity destroys wealth?

Like in this old movie.


Do rich people want their shit on a blockchain.  I think not.  On the other hand people without money likely think crypto is the best thing since sliced bread.  If only they had some.  It is the stuff of dreams.  But not my jam.

UNLEASH THE KRAKEN!

What could possibly go wrong?



RE

A perfect example of why there is a global housing crisis and why Capitalism fails the fundamental obligation of a society to provide shelter for its members.

Did the AI Boom all off a sudden raise the costs of the owners of the buildings so they have to charge more?  No, once the Workers start making more money, the Owners raise the rents to extract more profit from them.  Even if you are one of the lucky ones making the Big Boom salaries, you lose the money as fast as you make it to the Rentiers.  For the people NOT making the big bucks, they're left literally out in the cold.

Until this model is destroyed, housing will remain a social crisis.  Sadly neither party has the balls to Nationalize the RE industry and build housing with the prices fixed to the cost of building it, not to a speculative market.

RE

Nice summary of the many reasons the AI Bubble will pop.

Insufficient ROI for end users.

Currently in the land rush phase, where everyone is trying out the new tool. This distorts true demand.

Pushback over: job losses, bots, hacking, scams, NIMBY, teen health, deepfakes & privacy.

Most of the investment is by 5 huge Hyperscalers whose free cash flow has turned negative.

AI adoption is harder than the promoters think.

Token prices are dropping, squeezing frontier large language model (LLM) margins.

Much of this pressure is coming from Chinese open-source models.

The Hyperscalers are tired of giving all their profits to Nvidia and other suppliers and are increasingly using their own chips.

Over half of the Hyperscalers' backlog is from 2 unprofitable LLMs.

Massive circular financing.

Increasingly turning to exotic off-balance sheet financing.

Massive depreciation is coming that will reduce Hyperscaler earnings.

Oracle is in danger of bankruptcy if there is an AI slowdown.

Investors have repeatedly sold Hyperscaler stocks after announcements about increasing AI Capex.

Future AI will need less power as efficiencies are found.

Until then, there are huge power constraints.

Commoditization of LLMs.

Very high prices for memory are making AI even more costly.

Lack of use cases to justify all the investment.

Parallels to the internet bubble and other bubbles, such as railroads.

Tokenmaxxing, which has driven usage, is now declining.

Dead Internet Theory—bots, by some measures, are now over half of internet traffic.

Blown AI budgets—many companies are scaling back after quickly running out.

Increased regulation is coming—already happening in various states and in Europe.

RE

EVERYBODY KNOWS AI is a HUGE bubble.  Nobody wants to be the first one to leave the PAHHTY though.  Has Ray Dalio dumped his Tech stocks?  "Close" to bursting.  How Close is Close?  Who's gonna jump ship first?  What will be the spark to get the rats running?


RE

Not a good year to be hauling freight.  Or farming.  Or heating your home.

RE