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#31
Tech is always to the rescue / The big AI revolution
Last post by K-Dog - Jun 23, 2026, 09:33 PM
QuoteThe most advanced artificial intelligence models are improving quickly enough to outsmart prevailing cybersecurity know-how within months, the Five Eyes spy agency alliance has warned.

Bullshit who wrote this has no idea how the models work.  Accelerationist thinking.  All hail the singularity.  Models are trained on human data and can only do what humans can do as a result of their training.  Better and faster maybe, but no different.  Yet claiming that these models will soon out-think humans with superhuman abilities is popular.

The models do not actually think.  They pattern match and reflecting on the patterns (thinking) so far is something only humans can do.  They are like humans who do things by rote without any understanding, brain dead we call it in people.  Functional but not really alive.  That may get a lot of work done, but there will be nothing new under the sun.
#32
Tech is always to the rescue / AI on pace to bypass cybersecu...
Last post by RE - Jun 23, 2026, 09:13 AM

CBSNEWS.COM2026-06-23

AI on pace to bypass cybersecurity systems in months, not years, "Five Eyes" spy partners warn

The most advanced artificial intelligence models are improving quickly enough to outsmart prevailing cybersecurity know-how within months, the Five Eyes spy agency alliance has warned.  The risk posed by AI-enhanced hacking is in the spotlight in the wake of startup Anthropic saying in April that its cutting-edge Mythos models had unprecedented abilities to find software vulnerabilities.


I trust you see the recursive problem this creates.  Because AI can be used to crack the security protocols for any computer system, any security system must continuously use AI to defend against AI based attacks.  This leads to a running battle between the Hackers and the Network Admins to run more complex and sophisticated methods to crack or protect a system.  Each round of this battle leads to ever greater consumption of energy, water and time by the supercomputers waging this battle.  Since it is a war that neither side can ever really "win", there is really no upper limit to how much it will cost to keep a system secure.  It also probably makes your home computer or laptop nearly impossible to secure.

This of course is wonderful newz for anyone renting out time on their supercomputer (probably to both combatants), but for everyone else including the end consumer whose financial and medical records have to be kept secure, it's going to make it quite expensive.


RE
#33
Tech is always to the rescue / Revenge of the AI bubble
Last post by RE - Jun 23, 2026, 08:19 AM

AXIOS.COM2026-06-23

Revenge of the AI bubble

The case against AI used to come from outsiders.  Luddites, "doomers," short sellers betting on a crash. Its newest skeptics are emerging from inside the boom.


AI stocks currently taking a beating, inspired in all likelihood by the post-IPO cold feet of the early investors in SpaceX.  Perhaps this will act as a catalyst to pop the AI Bubble, which besides its dubious issues with Surveillance and Spying and Dumbing down of Homo Saps who use it to substitute for rather than augment Human Intelligence, also probably doesn't pay for itself when you factor in the GOBS of Energy & Water it consumes and damage to the environment.  Add to that the fact that 99.9% of the benefits of AI go to the 0.1% of the population that owns the companies doing the buildout.

RE
#34
Collapse Life / U.S. waives Iran sanctions; ro...
Last post by RE - Jun 22, 2026, 10:53 PM

CNBC.COM2026-06-22

U.S. waives Iran sanctions; rotation out of megacap techs

U.S. allows temporary Iran oil sales. Big techs tumble. SpaceX’s gravity-defying rally loses altitude. U.K. leadership path clears for Burnham. Former Fed chair Alan Greenspan dies. World Economic Forum’s ‘Summer Davos’ kicks off in Dalian, China.


Lively day in Collapse!  In addition to the above highlights

Hello, this is Gail Krishnan writing to you from Singapore. Welcome to today's edition of CNBC's Daily Open.

On Wall Street, a rotation out of big tech dragged the S&P and Nasdaq lower. That offset more encouraging newsflow on Iran as the U.S. agreed to waive Iranian oil sanctions for 60 days.

Meanwhile, 10 Downing Street will soon get a new occupant, for the seventh time in 10 years.

Japan has long held the dubious honor of a revolving door of prime ministers. But on the 10th anniversary of Brexit, Britain is finding itself in increasingly familiar territory.


Another UK PM bites the dust! Now they can hold a referendum to Un-Brexit!

Iran is now officially ahhead of where they were before the war.  Chump has lifted the sanctions and they can sell their oil.

Elon already took out a $20B UNSECURED bridge loan to keep SpaceX floating.  Can't he just cover that out of his Petty Cash?  Oh, right, OPM.


RE
#35
Collapse Life / Financial ruination and marke...
Last post by K-Dog - Jun 22, 2026, 12:52 PM

CNBC.COM2026-06-22

SpaceX stock falls 15%, pacing for third-straight day of losses after red-hot IPO start

SpaceX stock tumbled on Monday, on track for its third-straight day of losses.
#36
Collapse Life / SpaceX Is Already Pulling Back...
Last post by RE - Jun 22, 2026, 12:56 AM

247WALLST.COM2026-06-22

SpaceX Is Already Pulling Back From Its High. History Says That Is Not a Good Sign

SpaceX surged 19% on its IPO debut, but mega-IPOs over $50 billion have historically delivered a median one-year return of -31.9%.
Trading at over 100 times trailing revenue while reporting a $4.9 billion net loss in 2025, SpaceX's valuation demands near-flawless execution.  SpaceX's accelerated lockup structure allows insider selling sooner than the traditional 180-day window, adding share-supply pressure to an already-stretched valuation.

A MEDIAN return of -32% for mega IPOs.  lol.  If SpaceX even comes in at -50% this year and investors only lose half their money they will be lucky.  If they have a buy & hold strategy, maybe they'll break even in 10 years.

This IPO had LOSER written all over it from the get go.

At roughly $2.4 trillion, investors are paying more than 100 times trailing revenue. That's a valuation that assumes years of near-flawless execution across rockets, satellites, and artificial intelligence.

100X revenue with PERFECT execution over at least a decade?  When has Elon ever had perfect execution and met the targets he set at the beginning?  When and if anything he promises actually comes and works, it's still at least 5 years behind schedule.  Still waiting for those self-driving carz. But of course it never has to turn a profit, just keep splitting the stock and dragging in more investors and building more factories and the stock keeps going up.  Maybe he'll pull it off again with SpaceX, the market can remain irrational longer than anyone can stay solvent.  Such is the game of Casino Capitalism.


RE
#37
Collapse Life / I posted in Collapse Life
Last post by K-Dog - Jun 21, 2026, 05:06 PM

collapselife.com2026-06-18

The parasite class is prepping for a future they helped create. How many others are seeing it?

Powerful people are privately gaming out AI disruption, war, cults, social breakdown, and survival, while the public is told to trust the system.


This club is not good, and I do not dismiss it.  I only point out that the rich are always getting together in exclusive groups, and have for a few centuries now.  I have a great great grandfather who had his own rail car in the 1880's and he was a 'Mason'.  He made a fortune by today's standards, gambled it away, retired to a retirement home run by the Mason's.  Escaped to make a new fortune and put my grandmother, his granddaughter through college, and he lived to be 107.  In my own life I have worked close enough to the rich to know they live in exclusive bubbles.  But despite all their exclusive clubs the rich can be beat at their own game as they are too lazy to really be smart.  All people have to do is organize.  Which sounds easy, but the rich are quite aware of this threat.
#38
Collapse Life / Financial ruination and marke...
Last post by K-Dog - Jun 21, 2026, 04:00 PM
RE, you met my 'cousin' Todd when you were down here.  He has been working for Space-X in Redmond WA for a few years.  I called him the other day and asked if he was a millionaire yet.  Based on his response his 'options' are in that ball park.  That sounds about right.  I advised him to cash them out and explained that while some people have more money than I do, I am better positioned to survive a crash than someone with a million dollar portfolio. I do not do risk, but I still beat inflation.  Trading liquidity for a few percent but not trading significant risk.

I could do a You Tube channel about this and likely pick up a few thousand a year.  Doom investing, but unloading 18 wheeled trucks into a warehouse part time is way more badass.  And it pays enough with my best investment, Social Security, to leave my other investments alone.  The part time job is like having an extra half million invested at a decent interest rate.  Would an extra half million make me a millionaire?  I'm not going to say.

For those still in the game it appears that success in America now depends on how close you are to a billionaire.  Like the old song goes:

QuoteDon't you know about the new fashion, honey?  All ya need are looks and a whole lotta money.


Looks optional.  Forget making things, and providing services that people actually need.  Forget about trading time in honest labor for cash.  No,  America became a casino, and without the cheap drinks, and cheap food a casino should have.  And I am too old to gamble.

In America, if you are not extracting rent from somebody, you are nobody.  France was once this ugly.

#39
Collapse Life / The average SpaceX buyer post-...
Last post by RE - Jun 21, 2026, 12:22 PM

CNBC.COM2026-06-21

The average SpaceX buyer post-IPO is almost under water after two-day slide

The reversal underscores how quickly sentiment has shifted following the company’s blockbuster debut. After briefly pushing SpaceX’s market value close to $3 trillion, investors have begun reassessing whether the stock’s rapid advance can be justified by fundamentals.


I am SHOCKED!  Shocked I tell you.

I look forward to the inexorable slide to the depth of Davey Jones Locker as Investors look at the P/E ratio of Elon's sales job and their 401K retirement lifeboats start taking on water.  That's even not pricing in a market crash, in which case SpaceX will sink faster than the Titanic after plowing into the iceberg.

The savvy investors will of course be able to take solace in the fact that they generously stuffed the Muskrat's bank account with Billions of FRNs to fill the Trust Funds of his spawn, endless parties for the Supermodel moms and meager paychecks for the Phillipina Nannies who raise them.

Even in a best case scenario, it would take a decade for this White Elephant to turn a profit, and Elon already has plans to further line his pockets by issuing Bonds and loading the company up with debt based on the collateral of the spurious valuation of the stock.  After that, he can rehypothecate the debt by  mortgaging whatever satellites he actually gets into orbit, and then scam the taxpayers for a bailout before he has to face a bankruptcy filing.  Because of course SpaceX is ALREADY TBTF.

Only in Amerika.  Land of Opportunity for the morally and ethically bankrupt.



RE
#40
Collapse Life / Financial ruination and marke...
Last post by K-Dog - Jun 21, 2026, 10:43 AM


And all the time that you were telling him that if he did not like it here he was welcome to start his own website.  Now he claims he had (years ago) / (or) has one now.  When I go there all I see a well constructed dead end.

Seems a different Wizard of Oz may have been on duty who did not have a complete handle on the historical narrative.  But no proof, I'm just sayin.  No crazy here.