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[–] 150 points 7 months ago (11 children)

God I hope it just fucking collapses and pulls every other tech company down with them. I'm so fucking sick and tired of coworkers thinking ChatGPT is the most perfect thing that has ever been made. Every single fucking time I'm searching for something I'm asked "Why don't you just ask ChatGPT". They will not shut the fuck up, even when I show them ChatGPT is completely full of shit. Want it to write a simple 40 line script for Excel? Sure, just spend 30 minutes telling it, its code doesn't fucking work, because it's trying to use functions that don't excist. "You're totally right, and so clever for pointing that out! Here's an updated script that takes that into account", still doesn't fucking work.

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  • [–] 49 points 7 months ago

    Sure, just spend 30 minutes telling it, its code doesn’t fucking work, because it’s trying to use functions that don’t excist

    I feel this, after searching for packages in apt that not only don't exist for debian, but in general

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    [–] 85 points 7 months ago (11 children)

    And the cool part is that the USA stock market gains for the last couple years are based on OpenAI (and others) promising to buy stuff sometime in the future to build their data centres, which in turn spins into reinvestment in the company and a giant circlejerk.

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  • [–] 75 points 7 months ago (10 children)

    AKA a Ponzi scheme. If you think watching the Twin Towers collapse in NYC was frightening, wait until this house of cards falls.

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  • [+] 48 points 7 months ago* (last edited 4 months ago) (9 children)
  • [–] 34 points 7 months ago (8 children)

    With what money? Trump is adding a trillion in debt every six months and we are running out of allies

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  • [+] 25 points 7 months ago* (last edited 4 months ago) (5 children)
  • [–] 10 points 7 months ago (1 child)

    No but just like South Africa cannot sell trillions in debt, soon the US will not either because we are quick alienating the world and trading partners. If people do not think the US is credible and viable, nobody buys our debt

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  • [–] 4 points 7 months ago

    This is the most gigantic candy in the coal mine almost nobody is talking about!!!

    US debt has been growing like crazy since before I was born, and the biggest way we float it is by selling it with low interest bonds that were always a safe investment which is why so many of the world's richest people parked their money here. Now we are seen as less safe and the US bond market is starting to show a world reversal of that sentiment.

    When nobody is buying our bonds, the talk you've been hearing about inflation for the past two years will seem like a welcome respite.

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  • [–] 56 points 7 months ago (2 children)
  • [–] 49 points 7 months ago (3 children)

    He sees this as a temporary problem for AI providers, though, as agentic AI becomes more entrenched in daily people's lives, it'll become harder to switch, as the bots should eventually have all your shopping preferences, aspirations, and emotional profile mapped out —perhaps even better than yourself.

    God what a dystopian sentence that is.

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  • [–] 27 points 7 months ago (5 children)

    My conspiracy theory: The plan is to fail and sell the data centers to Microsoft for pennies on the dollar.

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    [–] 22 points 7 months ago (3 children)

    building my next pc late 2027 then

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  • [–] 19 points 7 months ago

    Wish it were sooner

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  • [–] 18 points 7 months ago

    grim picture

    the picture:

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  • [–] 18 points 7 months ago (6 children)

    Why can’t they just ask ChatGPT how to make more money?

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    [–] 14 points 7 months ago

    Too long, these assholes are fucking up everything from the economy to medicine at great individual and societal cost.

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  • [–] 13 points 7 months ago

    Let's hope it happens sooner. Same with all the other AI shit.

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  • [–] 10 points 7 months ago (1 child)

    I'm smart enough to know that when the bubble bursts it's going to mess with the world economy, apparently way worse than the 2008 recession, but I'm too stupid to understand why. I just hear people say things and it would be nice to see these assholes get wrecked for once and not just rake in some cash and dip in time while the rest of the world is left to pay the clean up bill for a party they were never invited to.

    I mean, I watched the big short and the only thing I understood from that movie was that the bad guys won and everybody else lost. So I am sorta preparing for the worst here xD

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  • [–] 10 points 7 months ago

    May it happen even sooner.

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  • [–] 9 points 7 months ago

    Burn baby burn

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  • [–] 9 points 7 months ago

    Id say i cant wait, but theyll probably get bailed out and everything will become more expensive as the economy crashes. So thats cool

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  • [–] 8 points 7 months ago (1 child)

    God I hope it all collapses before the end of trumps term.

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  • [–] 7 points 2 months ago

    I think all AI companies are just trying to exist at as low prices as possible for as long as possible so that enough companies have time to implement AI into their company infrastructure.

    Once the dependence on AI for work flows is locked in they raise the prices.

    It will be a interesting time of a big AI bubble burst..... And sadly also bad for many individuals losing their jobs in the companies that can't revert in time.

    Dumb CEOs will then again just get more money in the form of hidden compensation packages while the average Joe will have to do.. Something.

    Well, if AI drops down out of dumb hype into a normal spectrum it's probably worth it.

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  • [–] 6 points 7 months ago

    AI isn't going to dissappear just like crypto, but god damn does this bubble need to implode.

    Hardware market is so screwed that not even the ripoff listings on Ali express can keep up.

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  • [–] 5 points 7 months ago (4 children)

    Are anthropic, perplexity or Gemini as a product making any money?

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    [–] 5 points 7 months ago (4 children)

    They will just resell all the RAM they just purchased at 5x the cost.

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    [–] 5 points 7 months ago

    Sam Altman needs to be thrown in prison for fraud like Sam Bankman-Fried.

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  • [–] 4 points 7 months ago

    Not soon enough.

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  • [–] 4 points 7 months ago

    And the downsides?

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