I love how there is all these AI companies telling everyone “we are over valued and you are all gonna lose everything” and “its a bubble” andf nobody is trying to fix it. Capitalism is the most efficient system.
Geometric Intelligence is a research lab, not a company https://gi.ece.ucsb.edu/
An AI developer owned by Uber isn’t a company? ok there.
I really hope its gonna tear it all apart. A man can hope.
seems inevitable, the only question is how long investors are willing to keep pouring money into the whole thing
By the looks of it they seem to be losing steam and willingness https://finance.yahoo.com/news/ai-stocks-head-more-1-173024886.html
I feel like these past couple of weeks might be a turning point. I think it all started with OpenAI basically saying they need a bailout and MS publishing their quarterly filings showing that they’re spending billions on OpenAI. And now you see all the investors starting to panic.
I dunno. How do you figure that it will tear it all apart instead of just another bailout?
Even a bailout will be disastrous because it translates into another wealth transfer to the top. Each time this happens regular working class people end up getting pushed further towards the edge. When 2008 crash happens, people still had savings and a large chunk of the population could absorb the crisis. This time around most of the public is on much thinner margins, and the crash will be far more severe. If the consumption collapses in the US, the whole economy is going to come apart.
Its also catastrophically inflaming given people are much more riled up right now and more “class aware” (not conscious though)
Exactly, the public now knows they’re getting fucked, and they are angry.
I expect a war with China or Russia, likely both along Iran if they havent done anything about it until then, when that happens.
I don’t see how that works just from material perspective alone. Russia is singlehandedly outproducing all of NATO militarily. China has orders of magnitude bigger industry. We’ve also seen that the west is entirely dependent on critical inputs from China like rare earths without which all high tech manufacturing here stops, including military production. Finally, Both Russia and China are nuclear superpowers, so any direct conflict would be suicidal.
Good point. So to the best of your knowledge, what will happen and when?
Seems like it could be soon given that OpenAI is now openly angling for a bailout. The investors seem to be increasingly getting cold feet, so we could see a market panic sometime next year which would lead to the subsidies and bailouts. I’ve been wrong before though, and maybe they’ll manage to kick the can further down the road somehow. I just can’t see what options they have left at this point.
I think with orange pedo at the helm nothing is predictable at this point. Could be that he murders mamdani or that he gets jfked to hide the burst of the bubble. There are so many ways this could go.
Only one thing i’m certain of: ukraine is going down. Maybe venezuela war, maybe not. Maybe anexation of palestine, etc. So many avenues.
I’d argue more broadly we can be sure that the west has now entered terminal decline, and we’re going to see a geopolitical realignment towards China going forward. There might be dying gasps like an attack on Venezuela or Iran, but none of that is going to arrest the decline or reverse it.
I found a YouTube link in your post. Here are links to the same video on alternative frontends that protect your privacy:
