Look like Google is running out of money to fund its AI biz.

[admin@mastodon.brk.io]

@nixCraft When this bubble bursts, it's going to be economic chaos.

[interpipes@thx.gg]

@nixCraft there’s no way I’m lending those addicts money for 1.2% above base

[serfdeweb@mastodon.world]

@nixCraft It also means they can't get private investments anymore.

[fuckblackrock@mastodon.social]

@nixCraft now we need to ditch all its services till they have losses

[unqualifiedtechbros@mastodon.social]

@admin
To corrupt to fail!
@nixCraft

[pietervdp@mastodon.nl]

@nixCraft I think Google is running out of money period. The first to burst?

[crp@infosec.exchange]

@nixCraft Those sons of bitches never lose.

[sdowe@mastodon.social]

@nixCraft and yet, of all the players, Google design and manufacture (with partners) their own Tensor AI chips, which could potentially massively reduce cost vs NVidia & co.

Where they all fail is monetizing something that no one really wants to pay for.

[rexi@mastodon.social]

@nixCraft

there's also an impending crypto moment looming: AI has, while not needing to break crypto itself, already criminally undermined the entire support structure.

that's the word anyway from smart folks now finally dumping crypto, even as King Knucklehead's admin has taxpayers *buying in*.

[rexi@mastodon.social]

@fuckblackrock @nixCraft

I divorced myself from big G years ago.

(although my machines still regularly ping away at G addresses…unavoidable)

[madalinignisca@social.vivaldi.net]

@nixCraft if google is out of money for AI, the rest should have already give up on it. open ai is not even a fraction of google's capacity and still run. claude is running today on Google's in house designed NPUs because the nvidia gpus proved to be slow and cost too much electricity to use. so if google has problems to support ai offering, it means nobody else can at this scale.

[rasmus91@fosstodon.org]

@nixCraft if? What do you mean if?

[htpcnz@mastodon.social]

@nixCraft must be worth it to them, unlike other bullshit generators chatgpt, copilot, claude etc, captain gemini will be #1 used by the masses as it is baked right in to and trained by some of the most ubiquitous thing masses do on the internet - google search on google chrome along with the biggest ad network, largest video platform and largest mobile os.

[maybenot@mstdn.social]

@IncredibleLaser @nixCraft

the Bagholder of Last Resort

[bryan@dusty.ninja]

@nixCraft
It’s more than $100B in 7 rounds of $15B. The demand is very high for the bonds so the rate is just 90basis points above base. Tiny premium over treasuries. The world is eager for stable debt over riskier US treasuries.