Quote from: K-Dog on Jun 24, 2026, 05:54 AMTrue enough, my objection is in giving the current version of AI super powers.  What it can do is impressive, and the tendency is to think of it as being more capable than it really is.

Oh absolutely.  J6P out there is being convinced that current AI is on the verge of turning into Lt. Data from Star Trek or Skynet from Terminator.  It's about to turn SENTIENT! It's ALIVE! 😬  No, sorry, nowhere close.

What is true though is that it will replace many jobs thought to take intelligence but are really repetitive wrote work.  Doctors, Lawyers and Engineers for example. Diagnosis already better using AI. Even Surgery not far off with robotic arms.  Writing Briefs, researching case law, AI better.  Design a new Bridge or locate the best places to find mineral deposits?  AI faster & cheaper.
 

QuoteDan Jarvie posted AI slop in the 'first person', so I bounced him along with the last two fake five eye Russian Trolls as being fake.

They may be replacing TDos with AI.

Didn't respond to those DJ posts since registering a new Screen ID to circumvent Cooler Time is a violation of the CoC.  Nonsense posts to boot.

RE

True enough, my objection is in giving the current version of AI super powers.  What it can do is impressive, and the tendency is to think of it as being more capable than it really is.

Dan Jarvie posted AI slop in the 'first person', so I bounced him along with the last two fake five eye Russian Trolls as being fake.

They may be replacing TDos with AI.

Quote from: K-Dog on Jun 23, 2026, 09:33 PM 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.

True, but security systems don't really require original thinking.  They're all variations on an encryption theme.  Got a faster  more powerful system with better cracking algorithms, you can probably break it by brute force.  Besides that, just about all systems have some flaw in the code that can be exploited, or the original designer snuck in a back door on purpose.  So there's a better than even chance that the proliferation of AI computing will lead to more systems currently considered "secure" being broken.  Based on what I've read so far, particularly at risk are Block Chain Crypto Currency Wallets.  If any of the major cryptocurrency systems are broken, that whole sector could be at risk.  Which isn't necessarily a bad thing,  but a few crypto Billionaires like the Winklevoss Twins could take a beating. 😁

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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.

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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.

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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.

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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.

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