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CIRCLE WITH A DOT

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  3. You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan?

You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan?

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  • sassinake@mastodon.socialS sassinake@mastodon.social

    @lexinova @blogdiva @nixCraft

    they were thinking that the Chinese govt was probably not going to break down their door in the middle of the night to seize them for something they said online.

    but the US might.

    lexinova@cyberplace.socialL This user is from outside of this forum
    lexinova@cyberplace.socialL This user is from outside of this forum
    lexinova@cyberplace.social
    wrote last edited by
    #63

    @Sassinake @blogdiva @nixCraft it's where you make a mistake, all rednote server are in China, so per law a direct access to CCP is built in.

    so they just open a software and have access no need to break their door.

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    • lexinova@cyberplace.socialL lexinova@cyberplace.social

      @marco @nixCraft will not be a burst, but more a market correction.

      meaning 80 - 90 % of AI startup and company will go bankrupt, while other will take a major hit.

      AI will not disapear (like the web during the .com bubble) did not disapear.

      but only actually usefull feature will remain (not many).

      jpaskaruk@growers.socialJ This user is from outside of this forum
      jpaskaruk@growers.socialJ This user is from outside of this forum
      jpaskaruk@growers.social
      wrote last edited by
      #64

      @lexinova question is

      useful to whom

      @marco @nixCraft

      lexinova@cyberplace.socialL 1 Reply Last reply
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      • jpaskaruk@growers.socialJ jpaskaruk@growers.social

        @lexinova question is

        useful to whom

        @marco @nixCraft

        lexinova@cyberplace.socialL This user is from outside of this forum
        lexinova@cyberplace.socialL This user is from outside of this forum
        lexinova@cyberplace.social
        wrote last edited by
        #65

        @jpaskaruk @marco @nixCraft millitary and some specific data analist.

        in the future ? no idea i don't see the future xD

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        • nixcraft@mastodon.socialN nixcraft@mastodon.social

          these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.

          mvilain@sfba.socialM This user is from outside of this forum
          mvilain@sfba.socialM This user is from outside of this forum
          mvilain@sfba.social
          wrote last edited by
          #66

          @nixCraft

          The avalanche has already started. It is to late for pebble to vote.

          - YouTube

          Auf YouTube findest du die angesagtesten Videos und Tracks. Außerdem kannst du eigene Inhalte hochladen und mit Freunden oder gleich der ganzen Welt teilen.

          favicon

          (www.youtube.com)

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          • R relay@relay.mycrowd.ca shared this topic
          • lexinova@cyberplace.socialL lexinova@cyberplace.social

            @sarajw @marco @nixCraft bubble bursting imply wrongly the tech migh disapear.

            where market correction, mean 90% of fund actually given to them by investor will be cut, so the tech will not disapear in itself the company that pomoted it will without fund.

            notsoloud@expressional.socialN This user is from outside of this forum
            notsoloud@expressional.socialN This user is from outside of this forum
            notsoloud@expressional.social
            wrote last edited by
            #67

            @lexinova
            UK had a rail mania right after the invention of the railroad, then the bubble burst.

            Railroad became very economically important but many companies from the first wave weren't around for that.
            @sarajw @marco @nixCraft

            1 Reply Last reply
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            • zbrown@floss.socialZ This user is from outside of this forum
              zbrown@floss.socialZ This user is from outside of this forum
              zbrown@floss.social
              wrote last edited by
              #68

              @synlogic4242 @nixCraft this just in: person has name common in their culture

              1 Reply Last reply
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              • mvrenselaar@mastodon.nlM mvrenselaar@mastodon.nl

                @nixCraft dreams? Or hallucinations 😎

                S This user is from outside of this forum
                S This user is from outside of this forum
                shadsterling@mastodon.social
                wrote last edited by
                #69

                @mvrenselaar @nixCraft lies.

                1 Reply Last reply
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                • nixcraft@mastodon.socialN nixcraft@mastodon.social

                  Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html

                  gullevek@famichiki.jpG This user is from outside of this forum
                  gullevek@famichiki.jpG This user is from outside of this forum
                  gullevek@famichiki.jp
                  wrote last edited by
                  #70

                  @nixCraft Very smart to fire the people who build your product

                  1 Reply Last reply
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                  • infosec812@foojay.socialI This user is from outside of this forum
                    infosec812@foojay.socialI This user is from outside of this forum
                    infosec812@foojay.social
                    wrote last edited by
                    #71

                    @violetmadder
                    Larry Ellison and Oracle are not making as bad of a bet as some may think. I suspect there is a bailout waiting in the wings from the Trump administration. Yet more waste of taxpayer money.
                    @liquor_american @rotnroll666 @nixCraft

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                    • nixcraft@mastodon.socialN nixcraft@mastodon.social

                      You know how a gambler who loses it all starts begging his family for cash or putting their house up for a loan? We all know that story usually has a "happy" ending. Right?

                      Well, SoftBank is basically doing the same thing. They are talking to banks to get a massive $40 billion loan just to buy a stake in OpenAI. It is their biggest loan ever. I’m sure betting the house on a single hand will work out perfectly this time. https://www.livemint.com/companies/news/softbank-seeks-record-40-billion-loan-financing-banks-fund-openai-stake-invest-masayoshi-son-ai-bubble-concern-liquidity-11772773618772.html

                      These AI people are running out of money

                      rytmis@hachyderm.ioR This user is from outside of this forum
                      rytmis@hachyderm.ioR This user is from outside of this forum
                      rytmis@hachyderm.io
                      wrote last edited by
                      #72

                      @nixCraft

                      Specifically _other_ people’s money, too. What was that Thatcher quote about socialism again? 🤔

                      1 Reply Last reply
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                      • jordgubben@mastodon.gamedev.placeJ jordgubben@mastodon.gamedev.place

                        @nixCraft Is the madness finally comming to an end? How I’ve been longing to this day.

                        I hope those 30k engineers can now find something with meaning and purpose to put their cognition and skill into. Preferably something related to saving the planet from impending doom. That, or cool video games.

                        Also, should we be warning the genetics and/or robotics folk that tech bros are coming for them next?

                        antopatriarca@mathstodon.xyzA This user is from outside of this forum
                        antopatriarca@mathstodon.xyzA This user is from outside of this forum
                        antopatriarca@mathstodon.xyz
                        wrote last edited by
                        #73

                        @jordgubben @nixCraft It still looks like madness to me. Banks has been cautious for some time now as they already invested a lot and the companies do not seem closer to give the money back (with maybe the exception of Nvidia) and continue to ask for more. Banks are not as irrational as the stock market. And this layoff will apparently only give Oracle a 10 billion cash flow when they needed 150+ billion. I don't see how this help achieve their goal. It surely doesn't help convince banks and the cash flow is still much lower than needed for the planned expansion. And they are laying off the people who may help develop their products. But I suppose big tech is now convinced they can survive by using AI to build everything.

                        jordgubben@mastodon.gamedev.placeJ 1 Reply Last reply
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                        • antopatriarca@mathstodon.xyzA antopatriarca@mathstodon.xyz

                          @jordgubben @nixCraft It still looks like madness to me. Banks has been cautious for some time now as they already invested a lot and the companies do not seem closer to give the money back (with maybe the exception of Nvidia) and continue to ask for more. Banks are not as irrational as the stock market. And this layoff will apparently only give Oracle a 10 billion cash flow when they needed 150+ billion. I don't see how this help achieve their goal. It surely doesn't help convince banks and the cash flow is still much lower than needed for the planned expansion. And they are laying off the people who may help develop their products. But I suppose big tech is now convinced they can survive by using AI to build everything.

                          jordgubben@mastodon.gamedev.placeJ This user is from outside of this forum
                          jordgubben@mastodon.gamedev.placeJ This user is from outside of this forum
                          jordgubben@mastodon.gamedev.place
                          wrote last edited by
                          #74

                          @antopatriarca Was there ever an (actually achievable) goal in the first place? Or was it always ’cool toys’ spinning out of cost control?

                          If in the end the eventual burst of this bubble takea a few tech giant things down with it, then perhaps that’s the best outcome we can hope for.

                          Going to hurt a bit while all who’d made themself dependent on products and services no longer maintained migrate to smaller (and hopefully open source) options though.

                          @nixCraft

                          antopatriarca@mathstodon.xyzA 1 Reply Last reply
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                          • jordgubben@mastodon.gamedev.placeJ jordgubben@mastodon.gamedev.place

                            @antopatriarca Was there ever an (actually achievable) goal in the first place? Or was it always ’cool toys’ spinning out of cost control?

                            If in the end the eventual burst of this bubble takea a few tech giant things down with it, then perhaps that’s the best outcome we can hope for.

                            Going to hurt a bit while all who’d made themself dependent on products and services no longer maintained migrate to smaller (and hopefully open source) options though.

                            @nixCraft

                            antopatriarca@mathstodon.xyzA This user is from outside of this forum
                            antopatriarca@mathstodon.xyzA This user is from outside of this forum
                            antopatriarca@mathstodon.xyz
                            wrote last edited by
                            #75

                            @jordgubben @nixCraft With goal here I simply mean building the data center. But I certainly agree with you this is just speculation and trying to get as much money out of the bubble as possible before it eventually blows up

                            1 Reply Last reply
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                            • nixcraft@mastodon.socialN nixcraft@mastodon.social

                              these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.

                              tijgertje1987@mastodon.onlineT This user is from outside of this forum
                              tijgertje1987@mastodon.onlineT This user is from outside of this forum
                              tijgertje1987@mastodon.online
                              wrote last edited by
                              #76

                              @nixCraft
                              I just hope that it mainly the economie of the USA is what is going to be wrecked.

                              They have destroyed the world economie often enough now with their dumb behaviour.
                              Like every 15 years 😒

                              1 Reply Last reply
                              0
                              • nixcraft@mastodon.socialN nixcraft@mastodon.social

                                Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html

                                amt@hachyderm.ioA This user is from outside of this forum
                                amt@hachyderm.ioA This user is from outside of this forum
                                amt@hachyderm.io
                                wrote last edited by
                                #77

                                @nixCraft Does that mean Warner Bros Discovery wont be sold to that dipshit's son who is a bigger dipshit? No more bank money to give as pocket money.

                                1 Reply Last reply
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                                • nixcraft@mastodon.socialN nixcraft@mastodon.social

                                  Over the past few weeks, several US banks have pulled off from lending to Oracle for expanding its AI data centres, as per a report. So Oracle is now firing 30000 engineers as banks pull out from financing AI data centres and OpenAI deals to meet fools dream. Wise investors are pulling out of data centres now as they found out it's impossible to reach AGI & exponential AI growth through increasing the scale of compute. LLMs have already hit their developmental plateau https://www.livemint.com/companies/news/oracle-layoffs-tech-giant-to-slash-30-000-jobs-as-banks-pull-out-from-financing-ai-data-centres-11769996619410.html

                                  mlanger@mastodon.worldM This user is from outside of this forum
                                  mlanger@mastodon.worldM This user is from outside of this forum
                                  mlanger@mastodon.world
                                  wrote last edited by
                                  #78

                                  @nixCraft @User47 Is this the start of the bubble burst?

                                  user47@vmst.ioU 1 Reply Last reply
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                                  • mlanger@mastodon.worldM mlanger@mastodon.world

                                    @nixCraft @User47 Is this the start of the bubble burst?

                                    user47@vmst.ioU This user is from outside of this forum
                                    user47@vmst.ioU This user is from outside of this forum
                                    user47@vmst.io
                                    wrote last edited by
                                    #79

                                    @mlanger @nixCraft sure feels like it. This, plus Blackrock limiting withdrawal in its private equity arm, klaxons must be ringing somewhere

                                    1 Reply Last reply
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                                    • nixcraft@mastodon.socialN nixcraft@mastodon.social

                                      these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.

                                      b_cavello@mastodon.publicinterest.townB This user is from outside of this forum
                                      b_cavello@mastodon.publicinterest.townB This user is from outside of this forum
                                      b_cavello@mastodon.publicinterest.town
                                      wrote last edited by
                                      #80

                                      @nixCraft I don’t feel that confident, but it does seem like a real possibility

                                      1 Reply Last reply
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                                      • nixcraft@mastodon.socialN nixcraft@mastodon.social

                                        these are early signs that the AI bubble is about to pop (combined with wars and tariff biz). When it does, it won’t just sink those "Plagiarism Machine" startups, it will create a massive problems for the whole IT/tech industry and it will even hurt other businesses too. It's going to be so bad that the Great Depression of 1929 will look like a walk in the park.

                                        fenixmaster@mastodon.socialF This user is from outside of this forum
                                        fenixmaster@mastodon.socialF This user is from outside of this forum
                                        fenixmaster@mastodon.social
                                        wrote last edited by
                                        #81

                                        @nixCraft En wat dacht je van al die copyright rechtzaken die worden aangespannen na het ongevraagd kopieën van boeken en teksten.

                                        1 Reply Last reply
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                                        • marco@mastodon.skup.inM marco@mastodon.skup.in

                                          @nixCraft on one hand it makes me very happy to see the AI bubble burst, but it's incredibly sad to see that workers are the ones to suffer again

                                          kaito02@mastodon.socialK This user is from outside of this forum
                                          kaito02@mastodon.socialK This user is from outside of this forum
                                          kaito02@mastodon.social
                                          wrote last edited by
                                          #82

                                          @marco @nixCraft if they're working for a toxic company like Oracle anyway, maybe it's a good opportunity to move on

                                          1 Reply Last reply
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