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wetbeardhairs

@ wetbeardhairs @lemmy.dbzer0.com

Posts
5
Comments
918
Joined
1 yr. ago

  • removed a homeplug

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  • EoP - Ethernet over Power

  • Amazon Prime Day Is A Racket

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  • Here's the secret: stop buying shit from amazon. JFC people.

  • In the race to attract the world’s smartest minds, China is gaining on the US | CNN

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  • In China they also imprison the wealthy that exploit people. I may not agree with how China treats their citizens but they have some things right.

  • lay a while and listen

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  • So you're saying we have an evolutionary example of "eat the rich"? I say we get started - the ants gave us a blueprint.

  • No doubt

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  • If the income tax graduations are steep enough then the billionaire class will optimize to minimize taxes by reducing their own income in favor of reinvesting in their business and employees. In theory. In reality I'm sure they'd find some way to squirrel it away while their employees apply for and get denied food stamps.

  • Noem Gloats She’ll Unleash ICE at Super Bowl in MAGA Troll

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  • Not my FUHTBAAWWWLL!

  • Noem Gloats She’ll Unleash ICE at Super Bowl in MAGA Troll

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  • Are you looking for recommendations?

  • The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says

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  • Well they're required to release public reports to both the stock market and to the fed about debts issued. That's not really a moral subject.

  • The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says

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  • Debt has to be issued somewhere and the banks arent saying that enormous loans are being made to pay for AI development

  • HBO Max subscribers lose access to CNN livestream on November 17: WBD is banking on people paying for a dedicated CNN streaming service.

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  • That may be the least likely thing to ever be stated.

    Can I somehow make money off of this failure?

  • MTG Turns on Trump and Tells GOP to End the Shutdown

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  • She's not that complicated. I'd definitely compare her to PTCG. She hurt herself in her confusion.

  • The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says

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  • No, the difference is that when those subprime mortgages were bundled as assets, they were intentionally classed as AAA debt when they were worth much less. This created value out of thin air and allowed a shell game to be played by Bear Sterns and Lehman Brothers with the big banks. The AI stuff is paid for in cash. It's real money. It is still an incestuous investment and contracting game between the 7 major players. But that money came from the sale of stocks that are worth what they are due to market valuations and real trade (which is still bullshit).

    When the public and investors come to realize AI was oversold and its abilities were exaggerated and AGI is still a decade+ away, the valuations won't just vanish. The circular investing game will absolutely cause stock devaluations and they will be sudden. That $560 MS stock will poof go back to $420 when they first invested in OpenAI. That will really fucking hurt the average 401k. OpenAI will probably go bankrupt. Meta will still be fucking worthless as a societal drain but paradoxically worth nearly a trillion dollars. Over 10% of the GDP of the entire US in capital will absolutely be destroyed. But it won't take place in a moment. Investors will be stubborn and bet on the dead cat bounce and hope and pray for their gambling addiction to pay off and keep those companies on life support.

  • The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says

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  • Nah. There are models you can run at home that are nearly as good as the ones you pay for.

  • The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says

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  • So slowly that it heals as the bandage is pulled and causes a really weird scar

  • The AI bubble is 17 times the size of the dot-com frenzy — and four times the subprime bubble, analyst says

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  • There is a huge difference between this bubble and the 2008 mortgage crash. In 2008 they made capital products out of debt. When that debt was worthless, so were the derivative products which caused a sudden cascading crash that wiped out trillions of dollars. This time, everything was paid for in cash and results in tangible assets. Even if AI suddenly became worthless, the money spent was real, the resulting goods were paid for with real money that doesn't evaporate, the goods exist and can be sold or repurposed (granted those ai chips are bespoke and expeeeeensive and worthless for literally any other application than an LLM).

    So sure - its a bubble. AI is not going to magically become useful or ever really turn a profit for the companies that invested many billions. It wont replace people. It will crash. But the crash won't be a catastrophic destruction of capital. It'll be a slower realization that assets are overvalued and it will unwind over the course of years. And yes, companies will go bankrupt and people will lose their jobs. But not nearly on the same scale as 2008.

  • Serious: What is going to take to face the fascist threat in America?

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  • Good point. I was thinking that every elected official should have all of their money and assets forfeited. And those of immediate family members. And have trials on a case by case basis to take the assets of anyone who they materially helped with the undue influence of their position.

  • Excel's AI: 20% of the time, it works every time

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  • 0% of the time it works because I shut that shit off the first minute I saw it

  • Hundreds of societies have been in crises like ours. An expert explains how they got out. | An analysis of historical crises over the past 2,000 years offers lessons for avoiding the end times.

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  • shut down the wealth pump.

    Sounds like we know what to do, boys.

  • Removed

    It'd be nice if they had a no confidence vote in the states.

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  • It still didn't result in a conviction and removal from office whereas there have been dozens of successful no confidence votes that forced new elections

  • Solarpunk @slrpnk.net
    wetbeardhairs @lemmy.dbzer0.com

    Do you think rooftop solar will get cheaper after the tax break is gone?

  • Obscure Music @piefed.social
    wetbeardhairs @lemmy.dbzer0.com
    2020

    Too Late Babe - The Lowest Pair [Folk Rock / Americana]

    thelowestpair.bandcamp.com /track/too-late-babe
  • cats @sh.itjust.works
    wetbeardhairs @lemmy.dbzer0.com

    Goodbye, my friend

  • cats @sh.itjust.works
    wetbeardhairs @lemmy.dbzer0.com

    Goodbye, my friend

  • xkcd @lemmy.world
    wetbeardhairs @lemmy.dbzer0.com

    Vomiting Emoji

    xkcd.com /1813/