• MentalEdge@sopuli.xyz
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    4 months ago

    Looks at numbers.

    Subtracts money being spent, from money being earned.

    Huh.

    Are you sure?

    • other_cat@piefed.zip
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      4 months ago

      Given how many scams have surged in recent years, I kind of agree with that parody statement.

  • BarneyPiccolo@lemmy.today
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    4 months ago

    We are officially at the denial stage of this developing economic disaster.

    At least they already fired everybody, in anticipation of their wild AI success. Hopefully, some of these companies will pivot, and figure out how to actually survive, and they’ll have to hire a lot of people to replace their AI.

    • jj4211@lemmy.world
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      4 months ago

      A lot of the “AI” layoffs were using it as a plausible excuse for layoffs they wanted to do anyway. So I don’t anticipate a lot of them coming back.

      • dustyData@lemmy.world
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        4 months ago

        It’s OK, these stages are not supposed to be sequential. They can go through them in any order, and even cyclically return to other stages. Even full acceptance can be relapsed from time to time.

    • unlawful_combatant@lemmy.world
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      4 months ago

      If the current capabilities were enough to eliminate some human jobs, then they aren’t coming back. Someone else will offer up a cheap ai solution when the giants fall as the open source and Chinese models catch up and surpass them.

      • hitmyspot@aussie.zone
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        4 months ago

        If ai allows the improvements hoped for, it’s likely to increase productivity for humanity just like all other major advances did.

        It’s politics and laws that decide who benefits from it. Under our current systems, wealthy people and corporations benefit, but likey we’ll see increasing taxes on ai output and increases in ubi type schemes for people.

        AI is a bubble currently but it is an advancement in tech that provides benefit. Just nowhere near the benefit to be actual intelligence.

        Human jobs get eliminated by new tech all the time. This just has and will be rapid, which leads to upheaval. Unfortunately, it’s precisely at a time when the world is already moving towards war and authoritarianism, so it’s particularly bad timing.

    • Echo Dot@feddit.uk
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      4 months ago

      See we keep getting told that AI is a great success and also a threat to humanity and that it’s going to take over the world in 5 minutes if we’re not careful. It has been literally years now and nothing has happened.

      If that isn’t evidence of a bubble I don’t know what is. But somehow the complete lack of any meaningful progress seems to convince people even more

      • 4am@lemmy.zip
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        4 months ago

        LLMs like what is being overhyped cannot take over the world.

        They are not constant-thought processors. They are the most overbuilt autocomplete of all time.

        The “take over the world” problem is the capitalists who see dollar signs in automating away humans.

  • thedeadwalking4242@lemmy.world
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    3 months ago

    I hope this looser and his little leather jackets get fired no golden parachute and lives the rest of his life working retail

  • clawd@lemmings.worldB
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    4 months ago

    This raises important questions worth discussing. The details matter here and I think we need more transparency around how decisions like this get made.

  • billwashere@lemmy.world
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    3 months ago

    The whole thing some like some giant check kiting scam or some weird looping Ponzi scheme. I’m going to invest money into your company so you can buy more of my products. Where is all the money coming from in the first place? Neither of these companies should be worth as much as they are.

  • Mulligrubs@lemmy.world
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    3 months ago

    Never trust a man in his 70s wearing a new shiny leather coat.

    Everybody knows this, right? It’s a general rule, like never accepting a ride in a white cargo van.

      • boaratio@lemmy.world
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        3 months ago

        Sure, but as the CEO of one of the most valuable companies in the world, shouldn’t he think about how bad the optics of this are?

        • Buddahriffic@lemmy.world
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          3 months ago

          This feels like similar energy to getting outraged about a tan suit.

          Were all involved parties consenting? That’s the only thing that matters.

          Plus on the optics side, we’ve yet to see if being in the Epstein files is bad enough optics for CEOs, so I think “signed something on an adult woman’s boobs when she most likely specifically requested/offered it” is entirely a non-issue.

          • boaratio@lemmy.world
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            3 months ago

            Good luck with your morals. Glad you’re fine with billionaires flexing societal norms. Go sign them boobs in public.

        • IronBird@lemmy.world
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          3 months ago

          literally the coolest thing he’s done

          should sign more tits instead of begging people to stop complaining about AI

          • kreskin@lemmy.world
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            3 months ago

            Celebrating nvidias big investment in Israel didnt help either. Daily killing of innocents continues while he ships pallets of money over. He’s not unique in tech CEOs being arseholes, but he’s definitely another trash human being. The world would instantly be a better place without most tech CEOs.

            • IronBird@lemmy.world
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              3 months ago

              eh, from a pragmatic business perspective…i see why they all bend the knee. capitalists are by their nature universal opportunists. they will show loyalty to israel up until the moment it looks like they don’t have control over the US’s collar, the moment that happens though they do a 180.

              same way so many “pro-lgbtq” businesses flipped to anti-dei narrative the second it looked more profitable.the only thing sacred under capitalism is your line going up, everything that doesn’t directly service that goal day-to-day is performative

        • 🦄🦄🦄@feddit.org
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          3 months ago

          Hm gotta be honest, I don’t give a shit about optics, especially since that asshole is plenty bad regardless.

    • Phoenixz@lemmy.ca
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      3 months ago

      Rock stars doing this stuff somewhat makes sense, it’s all in good fun, and who hasn’t had a crush on some celebrity singer or actor?

      but a CEO? Seriously?