I have a theory about when the business world went to shit.

[dr2chase@ohai.social]

@gotofritz @GossiTheDog on the one hand it has use (I use it most days, for various coding/debugging tasks) on the other hand I don't see utility anywhere near the outrageous investment, and that's what makes a bubble. The investment boom is probably bullshit. All of the demands to get rid of the practices that "stand in the way" of us becoming "10x engineers" are likely bullshit. AIUI CxOs were sold the future of firing a large fraction of their employees, and that is also bullshit.

[cholling@bytes.programming.dev]

@gotofritz @GossiTheDog wait, you work in "green energy" and you're using a word guesser that sucks up untold amounts of power and water and is controlled by tech bros who fund candidates who want to repeal environmental regulations and pave the rainforests to build more data centers? I don't care how much it allegedly improves your efficiency (a claim which, by the way, doesn't hold up to scientific scrutiny), I can't see how you could possibly justify the tradeoff.

[frutigeraero00@mastodon.social]

@GossiTheDog I kinda get what you say, but i feel it has always been like this, since scam existed. They are just gambling and scamming on us and playing their fictional game bc they are lying on eachother believing they are winning, which is part of their game.

But i feel there is some truth on this scam which is, people use ai. But they are overreacting about it (while the hype lasts).

The part that worries me is that they are trying to persuade us to use it. And a lot of ppl believes them.

[8r3n7@mstdn.ca]

@GossiTheDog Perhaps this mistakes an acute symptom for the underlying affliction?

A "market" is a lot of people trading things back and forth. It is a classic complex system, full of feedback loops, high sensitivity, and emergent phenomena. You cannot have such a system without these surprising manifestations.

You can dampen their impact. But that requires clear, well-designed rules, well enforced. Even then, no set of rules is perfect, and enforcement cannot be perfect, either. That would require perfect information and prediction power.

The larger the complex system, the wilder the chaotic emergent behaviours, and the more unpredictable. The answer might be to find ways to shrink the market, or break it into smaller pieces. But even then, actors who play in multiple markets would coordinate across them, whether explicitly or only tacitly, as they observe and imitate and respond to one another.

For every Gamestop, there are likely many attempts to coordinate that fail, and are never reported.

[gotofritz@hachyderm.io]

@ppn @GossiTheDog

You are making a lot categorical statements based on what seems only gut feeling and cherry picked events. "Google still having no idea what to do with Gemini" for example - it's one of their GCP offerings . "Grok being sue for CSAM" - the owner of Grok has also fucked twitter up, is that then evidence than the internet is doomed? Etc

As I said, bias colours how we view and select "evidence"

[kneoghau@mastodon.social]

@GossiTheDog WSB didn't pump $11 BILLION into a stock, but someone did illegally naked short the company (at least) 140%. Buying and holding a stock doesn't cause the price to go up exponentially unless there's some other fuckiness going on

[ppn@mastodon.online]

@gotofritz @GossiTheDog you are still dodging my questions about what sources lead to your conclusions and literally put words into my mouth to advance an imaginary argument. Gemini was put in GCP because Google literally doesn’t know what to do with its capabilities. Remember the staged 2023 demo and the dreams sold? Now it is used as a quite expensive code auto completion and dev ops scripts with extra steps framed into very Google-centric framework and tool kits

[phurd@infosec.exchange]

@GossiTheDog You're right that GameStop's stock price isn't (currently) based on fundamentals. It hadn't been picked clean by private equity, so it still had every chance of success. The massive change in price was possible because of irresponsible hedge fund shorting. So regardless of their business plan, they're sitting on a massive pile of cash and can ride it out indefinitely. I sold my GME position mid-2024.
So I suppose the situation is the opposite for GenAI - GME the market was too confident in its decline, GenAI the market is too confident in its success. There is a core cult of believers and an orbit of rando investors just riding along

[gotofritz@hachyderm.io]

@AlexanderVI @GossiTheDog

Agree, but isn't that the case for a lot of other tech? For example, Uber

[baalroga@piaille.fr]

@gotofritz @howrd @GossiTheDog https://www.insurancejournal.com/news/east/2026/04/23/866953.htm looks good to me.
And honestly, if poor devs use genAI, it won't prevent them from logic error, or poor spec.

[gotofritz@hachyderm.io]

@cholling @GossiTheDog

I think you are just arguing with a bogeyman in your head rather than me.

I never mentioned what I use, how I use it, why I use it. I merely said the tech is here to stay, which I strongly believe.

Also you are a data engineer, meaning most of your work happens in data centers. Or do you think data centers run on fairy dust until the moment when someone deploys a ML model to them, at which point they turn into the satanic mills?

[gotofritz@hachyderm.io]

@ppn @GossiTheDog

I quoted your own words

And your question cannot be serious, do you live under a rock or do you not see it all around you?

[ppn@mastodon.online]

@gotofritz @GossiTheDog I live under a rock but I don’t live in denial. I see that you keep dodging my questions which is evidence enough.

[lumettaria@mastodon.social]

@GossiTheDog atp we're just larpin

[gotofritz@hachyderm.io]

@ppn

I am not sure exactly what questions you think I am dodging.

It looks to me like you are just looking for an excuse to block me while maintaining the moral high ground. Fine, let's do it then, I'm also bored of this convo

[the5thcolumnist@ottawa.place]

@GossiTheDog

Because investors no longer look at the actual long range prospects of a company's real value but simply the short range predictions of its share prices. Even if that's bullshit they figure they can sell high before the company collapses and make a profit.

[gotofritz@hachyderm.io]

@AlexanderVI @GossiTheDog

I agree.

To be clear: I am not arguing this his either good or desirable. I am just stating it is happening IMHO.

Really disappointed with the level of debate on mastodon on this topic, if one is not shouting daily "I hate AI!!!" they are a fanboy and get attacked

[pikhq@social.treehouse.systems]

@GossiTheDog that would suggest the entire US stock market, and not just the genAI portions, are in a highly inflated bubble.
Bubbles pop.

[ophis@brain.worm.pink]

@8r3n7 @GossiTheDog afaict it's the same underlying affliction that gave us 2008... or the dot-com bubble...