One of the many lessons to take from Enron’s downfall. Downfalls like this always seem impossible until the downfall happens. Then it becomes obvious why the downfall was inevitable.
I’ve been hearing that since LLMs started gaining popularity. Doesn’t seem any closer today than, say, 2 years ago. But someone always makes this comment.
I’ve also been expecting a general stock market crash for a decade+. Somehow still hasn’t happened.
Doesn’t seem any closer today than, say, 2 years ago.
Have you seen what small, open-weight models from Chinese labs are capable of doing on consumer-grade hardware? They’re much more advanced than any flagship LLM running on VERY expensive hardware, 2 years ago.
I have no idea how close we might (or might not) be to the bubble bursting, but surely it’s closer than 2 years ago.
It’s fairly clear that the big ai companies are trying to get some form of general artificial intelligence because that’s basically a pot of infinite money, if they find it the rest of the economy is fucked and they skyrocket in value if they don’t find it the rest of the economy is fucked from debit and they go belly up.
I think we’re getting close to a pop.
People always say that, never happens
One of the many lessons to take from Enron’s downfall. Downfalls like this always seem impossible until the downfall happens. Then it becomes obvious why the downfall was inevitable.
Enron never happened. Let’s check on my Lehman Brothers position.
Dude my pets.com stock is hot💎 🙌💎 🙌
Dude, I’m this close to trading my beenz for a million dollars!!!
??
I’ve been hearing that since LLMs started gaining popularity. Doesn’t seem any closer today than, say, 2 years ago. But someone always makes this comment.
I’ve also been expecting a general stock market crash for a decade+. Somehow still hasn’t happened.
Because they don’t need us. As long as they trade amongst themselves the price goes up. We can all die for all they care.
Have you seen what small, open-weight models from Chinese labs are capable of doing on consumer-grade hardware? They’re much more advanced than any flagship LLM running on VERY expensive hardware, 2 years ago.
I have no idea how close we might (or might not) be to the bubble bursting, but surely it’s closer than 2 years ago.
It’s fairly clear that the big ai companies are trying to get some form of general artificial intelligence because that’s basically a pot of infinite money, if they find it the rest of the economy is fucked and they skyrocket in value if they don’t find it the rest of the economy is fucked from debit and they go belly up.
It sounds like a couple of billionaires are staking their fortunes on a dice roll because the world bores them and fuck everyone else. Right?
Edit: I meant a couple, two three billionaires.
right now they are trying t get governments to buy into slop for AI surveillance purposes.
Steve Eisman has entered the chat