If I had a nickel for every time a "Sam ____man" was a very influential figure in a speculative bubble, I'd have two nickels. Which isn't a lot but it's weird that it happened twice

That's how much capitalists value the promise of AI decimating labor costs.

And Nvidia? Well, they were just a $300 billion dollar video game card maker 5 years ago

That's not entirely accurate. They may have had a $300 billion market cap but they were also a critical component of the Crypto supply chain. NVIDIA, more than basically everyone else except electricity companies, has been the primary beneficiary of two grifts in a row.

Actually allow me to argue for a second that it's really NVIDIA behind this bubble and not OpenAI. OpenAI might have been the flintstone that ignited the bubble but NVIDIA has been there investing in companies that turn around and give the money back to NVIDIA.

A bunch of nerds think it's possible to improve society through tech startups. The logic of capitalism ensures that whatever social benefit gets in the way of profit will be stripped out. But that doesn't just automatically happen because capitalism, someone has to actually be involved in the decision making process, making that happen. Sam Altman is a world champion at being that guy.

it's a hell of a hype train when you promise a massive cut to all labor costs across the board, he's an accelerationist of the contradictions

It's pretty wild how "the most rational economic system" keeps elevating these absolute goons to such dizzying heights. Imagine something like this under feudalism. Normally it takes a few centuries to Habsburg yourself into clamshell-eyed mandible men and by that time they aren't your battlefield commanders anymore. Yet here we are, flying with wax wings toward the sun and our pilot is some knees and elbows nerd.

I figure that X goes under first. The others I think have enough cash flow to buy time, but X simply doesn't.

/c/popping on standby like

my brother kept telling me i should invest but i'm too broke for that shit

Dave Anthony must answer for this

Why do we need artificial intelligence we have actual intelligence

Just cuz it doesn't agree with you all the time doesnt mean it isn't good!

And actual intelligence can provide its own energy, transform energy, communicate through every language, it literally can interact with the physical world...

It's important to note,

I think we're going to go into a remarkable bubble. It seems like we're probably in a bubble now, but I think it's just getting started and it is going to be much, much more insane in a year. But of course there's no way to predict the future. The falling rate of profit means the earnings on assets are getting smaller and that means typical PE ratios will tend to go up over time, so money will chase stocks up to very high prices in a search for yield that doesn't exist anymore.

He looks like a twongus

highest evaluations everyone has ever seen, the worst the tech sector has been doing with all the layoffs. they want you to be scared of AI so that the workers deem themselves less valuable and more replaceable, and giving an excuse to executives for cutting staff for short term gain. fuck these ghouls, all of them.

So, was Max Azzarello close to the mark?

Crypto Grift is preferable to AI.