While I'd wish you all the best in shorting those stocks I strongly advise against it. The market can stay irrational longer than you can stay solvent, as the saying goes.
We've all seen Tesla, we should all know by now the stock market doesn't reflect reality.
Oh it very much reflects reality. A reality that most retail investors have absolute shit for brains as a collective whole. There's lots of money to be made in markets like these, especially with lots of volatility. You just can't follow any sort of traditional logic, and you have to have a risk appetite as wide as the Grand Canyon.
OpenAI is fucked, no doubt about that. Both Nvidia and Microslop has retracted their hundred billion dollar deals with the company. But Nvidia is still selling their hardware to datacenters, and Microslop has doubled down on AI, they just want to do it in-house.
Question is whether OpenAI collapsing will take the rest of them with them. Perhaps the fact that the biggest player folds will cause investor fear over AI in general, but I'm not convinced, investors seems to be pretty moronic and shortsighted.
Normally I would urge caution but nah fuck that, there's no way this shit isn't popping
I mean, the 3 biggest AI companies:
So porn, compliments, and lock in. And you think it won't last? Please.
To be fair, these are significant pillars of the Internet.
Compliments? No, the pillars of the internet are porn, criticism, and lock in
To be fair to my own argument, I didn't say they were the only pillars of the Internet.
It's hard to see how this tech becomes ubiquitous beyond as a Google replacement (which is dangerous enough as it is). ML has plenty of worthy and profitable applications but the whole LLM thing being forced into our daily lives... Not happening. Hard to justify paying more than $10 a month for LLM assistant and w ppl already skeptical of enshitification at a visceral level, I don't think ppl will tolerate any ads or capitalist Jedi mind tricks
If the bubble lasts long enough OpenAI may go bankrupt in mid-2027.
What's his face did say he wants a quadrillion $ to make his crap profitable.
Which will take down the US economy much harder than 2008, much closer to 1929.
Shows how we learned exactly fuck all in 100 years.
Won't happen as long as the capitalist pigs keep feeding it billions of dollars in funding.
That is my main fear right now. That the oligarchs will prop up ai and it will never fail, the economy will just continue to stagnate for decades
Now that the U.S. government is involved, they will be getting bailouts like the big banks if they fail.
Decentralized AI blockchain platform that prioritizes sovereignty and provenance of AI
"AI blockchain" is some incredible marketing bullshit.
Provenance so you can know exactly who you are plagiarizing? Lmao
We are at the spatula city phase of the AI bubble.
🎵 Spatula city, we sell spatulas, and that's all!
Subscribe to my OnlySpatchulas site, pervs.
Rectal Orbital
Yes. So many butthole logos!
Bet
Any day now 🤣
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.