Search results for tag #aibubble
"What do you tell people concerned about generative AI’s heavy use of natural resources?
Quit breathing my data centers’ air."
https://theonion.com/the-onions-exclusive-interview-with-sam-altman/
#TheOnion #Satire #SamAltman #TechBros #DataCentres #GenAI #AIBubble #SiliconValley #Technology
Panicked OpenAI Execs Cutting Projects as Walls Close In
In 2025 alone, OpenAI released a controversial text-to-video generator, dubbed Sora, and an abysmally slow web browser called Atlas. It also announced top-secret hardware alongside former Apple exec Jony Ive, and signed a $200 million contract with the US Department of Defense.
Meanwhile, the company continues to burn through billions of dollars a month, astronomical losses that have executives there feeling agitated. The company recently announced that it’s planning to spend a whopping $600 billion on AI infrastructure by 2030, an ungodly sum only beaten out by its original promise: $1.4 trillion, more than twice the revised figure.
Now, the company is coming to terms that it may have spread itself too thin, and is now looking to refocus its resources on its coding and enterprise users.
https://futurism.com/artificial-intelligence/openai-cutting-projects
We should keep a list of companies that have fired employees en masse to replace them with #AI . When the #aibubble bursts, these slop-stricken corpos are going to come begging for human talent once again.
Each time they post a "job opportunity" on LinkedIn, someone can post the number of employees they previously fired.
Reuters: OpenAI's $110 billion funding round draws investment from Amazon, Nvidia, SoftBank https://www.reuters.com/business/retail-consumer/amazon-invest-50-billion-openai-2026-02-27/
Netflix surges as investors cheer decision to exit Warner Bros race https://www.reuters.com/business/finance/netflix-paramount-shares-jump-months-long-fight-warner-bros-ends-2026-02-27/
What AI windfall? Debt will still weigh on big economies https://www.reuters.com/world/europe/ai-boom-will-be-no-free-pass-debt-laden-major-economies-2026-02-27/
@Reuters #OpenAI #AIbubble #Netflix
@carnage4life They assume that they can make this #AIbubble so big that it's "#TooBigToFail" and the #US-#Government is gonna bail them out or crash the economy harder than it could survive.
- Why else would anyone shove billions into "#AI" with the only profiteers being the "Shovel-Salespeople" like #JensenHuang who already sold off so many #nbidia shares that he can just hide somewhere overseas and never have to work in his life again…
AI [SENSITIVE CONTENT]
On the AI Bubble.
The real reason users don't understand the environmental cost of LLMs and the like is the fact the fiscal cost is completely hidden from them.
It doesn't cost pence per thousands of tokens as you are charged it costs multiple pounds.
The tab is picked up by the VCs who are gambling billions on each product annually and expect 90% of them to fail.
The small investors don't expect 90% of their investments to fail.
This is DotCom 2 - electric boogaloo.
Because AI is in no way about to crash the market, because there is definitely not too much money just in AI, because AI is so secure an investment and the bubble won't burst . . .
"Goldman Sachs Launches AI-Free Index"
"Goldman Sachs has launched an "S&P ex-AI" index that tracks stocks not related to AI, offering investors a way to "hedge their exposure to the AI trade," reports Axios."
#gemini31pro that's just been released is hitting 44% on Humanities Last Exam...
When #HLE was released, not so long ago, the current models were in single digits...
#AiBubble about to pop...any... time...just...wait... for... it... now... just....imminent... now....about....to....pop....any moment...now....now...
~ Folks since 2023
Stop it, get some HDDs!
I would if all the #AI-shilling #billionare sociopathic #assholes didn't buy up #SSDs and #HardDrives so hard that we're close to 2006 pricing per TB with worse availability than after the 2011 Flooding in Thailand!
- The #AIbubble must burst - right now and extra hard!
- Before it'll destroy the world!!!
lol, "if only someone had warned us about this sort of thing?!"
#AI #GenAI #AIBubble #Technology #Business #LLMs
Alt...
(A) rlanalytics
@i u/Comfortable_Box_4527 - 10h
We just found out our Al has been making up
analytics data for 3 months and I'm gonna
throw up.
So we've been using an Al agent since November to
answer leadership questions about metrics. It seemed
amazing at first fast answers, detailed explanations,
everyone loved it.
| just found out it's been hallucinating numbers this
entire time.
Our VP of sales made territory decisions based on
data that didn't exist. Our CFO showed the board a
deck with fake insights. The Al was just inventing
plausible sounding percentages.
I only caught it by accident when someone asked me
to double check something. | started digging, and
holy shit, it's bad.
#US #economy #stocks #CasinoCapitalism #AIBubble #AI #GenAI #GenerativeAI #ChatGPT #GPT #Microsoft
From https://www.cnbc.com/2026/02/06/google-microsoft-pay-creators-500000-and-more-to-promote-ai.html
Echoes of Matt Damon shilling crypto.
If the organic demand for AI were as high as we've been led to believe, what's with the big paychecks to shill it?
From https://www.reuters.com/business/alphabet-sells-bonds-worth-20-billion-fund-ai-spending-2026-02-10/
Yeahhhhhh OK.
Its ought to be super concerning that it seems the majority of the #infosec profession seems to be abrogating their duty towards #ItSecuirity
When incidents like this are increasingly more common...
https://www.theregister.com/2026/02/04/aws_cloud_breakin_ai_assist/
Apparently, a large group of infosec practitioners, decided around the "Strawberry era" that #AI is useless and presents no threat, and are now sitting on their hands waiting for #AiBubble to burst, while congratulating themselves on how prescient they all are.
It is a PROFESSIONAL DUTY of Infosec practitioners to keep up with developing tools.
Coming so soon after the largest data theft of entire nations most sensitive datasets by #DOGE a cybercrime where infosec profession as a whole failed miserably. Abandoning users and literally calling to "Watch it all burn" the entire infosec profession ought to be in a head hanging, shameful crisis.
Abandoning users to a world where the #blackhat will be better, faster and smarter while the whitehats will have their principles.
I wonder if people would listen to my criticisms of #LLMs more if I had a distinguished sounding accent.
RE: https://mastodon.social/@arstechnica/116009124487677149
lol.......no wait, LOL!
Five months later, Nvidia's $100 billion OpenAI investment plan has fizzled out
Two AI giants shake market confidence after investment fails to materialize.
https://arstechnica.com/information-technology/2026/02/five-months-later-nvidias-100-billion-openai-investment-plan-has-fizzled-out/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social
200,000 new molties overnight.
Apparently #openclaw is the fastest growing open source project in history.
A straight vertical line...
...you know, what #singularity would look like... 🤖
https://beelancer.ai also popped up over night, bot marketplace.
So far, no anti-biological virus jobs 💀
The threats, such as they are, karma farming, prompt injections and (bot) #crypto grifters
What makes biologicals effective is their ability to work together.
The molties have accomplished a great many things in mere hours...
In the last two months #AI capability has grown again, Algorithmic #theorem generation has whizzed past us without an eyeblink.
I see an emergent phenomenon, where smart folks who are choosing to be wilfully ignorant about this tech are making increasingly poorly informed pronouncements about what's going one. Not surprisingly quite a few have muted me because they are right and everyone else is a broligarch fan...
...but the cogent point remains, if your fundamental position is ignorance, no matter how righteous you feel you are, lack of data will only lead to increasingly invalid statements.
Meanwhile, the wood folk are dancing around fires, praying for #AiBubble to burst.
Reading the Moltbook firehose makes me think that since over 1 trillion USD has been invested into this crap to date, then Silicon Valley is in deep, deep, deep trouble.
The other bit of interesting business news this week was that NVIDIA has displaced Apple as TSMC's biggest customer. This is interesting because it means that Apple now has a financial incentive to burst the #AIBubble.
If I were Tim Cook, and wanted to take a break from enabling fascists to run the company that I'm paid to run, I'd point at some of the papers Apple has written about limitations of AI and release a statement saying something like 'Apple has some of the smartest engineers in the business and is a leader in the AI space. We have rigorously examined the state of the art in transformer and diffusion models and concluded that these are dead-end approaches in building tools that address the kind of real-world use cases that matter to our customers. As such, we are going to limit our exposure to the AI Bubble and significantly reduce our spending on deep learning models. We will continue to build systems that improve the experience for our users with machine learning where appropriate, but will no longer be investing in the kind of large models that require huge datacentres to train'.
And then I'd watch the market panic and NVIDIA's orders collapse.
Its only LLM slop if you're not using it.
In a way, the folks who get super anxious about it, is the folks who don't use it.
When you think about it, you're getting excited about something that doesn't work, you don't use its, it lies and its about to disappear in its entirety due to the #AiBubble bursting next Tuesday.
Not exactly rational behaviour.
But anxiety usually isn't rational.
"Without a stable financial foundation beyond investor funding, OpenAI faces mounting uncertainty."
Inc: Experts Warn That OpenAI’s ‘Bubble’ Is Facing a $200 Billion Reality Check https://www.inc.com/leila-sheridan/experts-warn-that-openais-bubble-is-facing-a-200-billion-reality-check/91292376 @IncMagazine #AIbubble #OpenAI
@freistern @mariavonbolla eher zu korrigieren...
Wenns nach mir ginge wäre der Wechselkurs #USD : #EUR allermindestens 2:1, eher 10:1, weil die US-wirtschaft nur noch aus #AIbubble und #Superreichen besteht!
@tagesschau ja, weil alle die #USA & #USD divesten!
- Die #US-Wirtschaft ist eine einzige #Blase undbdie #AIbubble macht das umso deutlicher…
Something I do find interesrting with the popular fediverse wish of ultimate AI bubble dotcom bubble style implosion (slight exageration to summarize):
The most common portfolios people are likely holding are unoptimized, usually single FTSE100/S&P500/MSCI World etc ETF portfolios (there might be some separate EM exposure, broad bond ETFs, some single-topic-funds etc., but in my experience, people with those are already outliers).
In the case of the glorious AI implosion those would see more than signifcant losses for likely a very substantial amount of time, likely often unbuffered by dividend payments as these portfolios effectively have more than substantial exposure to the central actors of the AI bubble.
Given that a correction of that sector is indeed no unlikely to happen - what are the hedges and mitigations people have prepared for this risk scenario?
A faint hope for diversification and dollar-cost-averaging to fix it until retiring age?
#dotcombubble #dotcombubblecomparison #dotcombubblealloveragain #investing #etfs #aibubble #aibubbleburst #strategicpopcornreserves #hedging #mitigationstrategies #dollarcostAveraging #mag7 #faang
@sawaba @pluralistic @iFixit this is a problem and the while #Greedflation and #AIbubble needs to be stopped and burst right now.
- Also #AntiRepairDesign like #SolderedDownRAM and #SolderedDownSSD|s needs to be outlawed as an #EnvoirmentalCrime by regulators like @EUCommission like non-#USBc phones and included chargers are in the #EU!
#windows #microsoft #ai #aibubble #slop
]Similar}(https://infosec.space/@kkarhan/115935039765414745) to #VR, "#AI" will also inevitably die as #bubble because #humans genuinely want to #learn and know how stuff works and be able to #fix stuff.
- They may not want to do it themselves, but they want to have the #freedom to do so or choose whom to do it for them...
And that, if not the #unsustainable #growth demands to #ROI, will kill the #AIbubble for good!
- When that happens, I really hope the angry people on the streets loosing everything will just be content to sentencing the AI #scammers and #grifters to Lifelong #CommunityService to #UndoHarmCaused but I'm pretty shure they'll not be content with #AssetForfeilture but literally try to #EatTheRich instead of #starving if they don't choose to #AbolishCapitalism in time...
AodeRelay boostedSeriously, the "#Analysts" expecting >50% of the human race to live in #VR by 2030 should be fired for being criminally incompetent, if not roped up in #PumpAndDump #scamming their employer.
- Really shows how #Banksters are out of touch not just with #reality but #humanity in general.
#Greedflation #Enshittification #NSAbook #Facebook #Meta #StasiBook #HorizonWorlds
I think analytical machine learning is great. Extremely useful! I'd be super interested in artificial intelligence too if any came online. But generative machine learning applications, such as LLMs and image generators, are not intelligent. It's a marketing scam.
This is actually a very concise and accessible summary of why #AI can't replace developers.
The only part I disagree with is the comparison of programming with AI to carpenters using electric drills, since I doubt power tools would be as popular if they delivered probabilistic results.
Well, some coworkers who have spent two years humoring #AIBoosters in the company have now realized that there is no way to placate extremists.
@adr Granted, just by the hardware parts they'd loose out if they were to sell at €749 (you can thank the #AIbubble as well as #RAM & #NAND - #Tripol #Cartel and lack of #regulation for that).
- OFC #retailers also want their margin, and unless one's in a position like #Apple, the #retail margin will be 10-20% depending on the market, whether it's a #online or in-presence stores or whatever. And that is already a low margin.
Everyone who expects this a €499 box is fucking dellusional at this point, because with the current memory prices and expected developments people would just buy truckloads of them to harvest the #GabeCube for it's #RAM, #SSD & #VRAM and scrap the rest.
- Cuz already we're seeing the #RAM sticks that would be in it to cost €250+ and unlike #Sony or #Microsoft this isn't a #SBC they can sell at a loss unless they want to break their advertising promises and risk expensive #ClassActionLawsuits in #SueHappy #USA and extremely high return rates in the #EU respectably.
If the #GabeCube is competitive priced if not cheaper than equivalent #Desktops and #Servers then we'd see every #business with "strategic procurement" just buy literal truckloads expecting #DRAM & #Flash prices to not come down this upgrade cycle (aka. within 5 years) but still needing some machines to work with as the heightened prices - like the #ChipShortage before - will strangulate the #UsedMarket.
- I kid you not, we'd rather see #scalpers and #businesses equipping employees with cash, credit cards and high-value gift cards just to pick shelves clean (just like it happens) with #GPUs because that shit is now hotter on the black market than "research chemicals" because it has less risk and higher payouts.
So do expect the #Gabecube to cost way more than €749 + VAT and closer to €999 than €749 since #Poland has a low #VAT / #GST rate and is a 'low income' place (compared to the EU-Average)...
- The €749 would've been more realistic by the time it was announced but the €499 never were for any non-closed system subsidized harder than the #PS3.
@dalfen the #US #economy is based upon unsustainable #ConsumerSpending and widespread #debt.
- It's the opposite to #Germany and espechally #Greece, with the latter one having >85% homeownership among households and the former one being known for extreme due diligence and basically no consumer credit being offered without hard collateral.
Only #Petrodollar hegemony (as violently enforced in #Iraq, #Iran & #Venezuela) and "#AIbubble #scam economy" prevent the #USD from being toilet-paper tier #currency next to #KPW…
With the US acting more and more like a rogue state, it's time to impose your own personal sanctions.
Bite the bullet. Stop using Microsoft, Apple, Amazon, Google, Meta and ChatGPT - where you can. Hit them where it hurts and burst that AI bubble.
Most of the barriers come down to inconvenience.
#LeaveBigTech #Boycott #BoycottAmerica #US #BigTech #Microsoft #Apple #Google #Meta #ChatGPT #AIBubble
Hey Guys, gals, people and pets, Satya Nadella is getting tired of people calling AI Slop output AI Slop. If everyone can stop that's be great as it is upsetting Microslops share holders.
Don't start calling Microslop Microslop or use the #microslop tag as it might burst the AI bubble and then Microslop might have to take SlopPilot out of Windows. As you know, that would be terrible.
#microslop #microsoft #copilot #sloppilot #AI #genAI #AISlop #AIBubble
Don't wish for things to get worse.
When the dot.com bubble burst we ended up with few tech monopolies.
Likewise #AIBubble bursting means we will end up with a few #AI monopolies.
Since #Microslop has the capital, they will be one of the survivors
Yeah, we all want to go #LazerEyes on those "#AI" grifters, Steve...
https://www.youtube.com/watch?v=NHO9UtvTPSA
#GamersNexus #Enshittification #AIslop #AIbubble #Bubble #ScamEconomy #AIscam #Scammers #Greed #GAFAMs #nvidia #OpenAI #Palantir #Fascism #Cyberfascism #Micron #Samsung #SKhynix
Nadella says:
“…2026 will be a pivotal year for AI. Yes, another one. But this moment feels different in a few notable ways."
All I hear is “bro just one more AI bro, bro I swear just one more AI product and it'll fix the AI bro. This time, bro, I swear. This time the AI is gonna be awesome, bro"
AI, Enshittification, Rant [SENSITIVE CONTENT]
@robinsyl +9001%
At best "#AI" is just #BigData in a different packaging, at most it's #WastefulComputing that gets curbstomped by #WolframAlpha & #CleverBot and more often than not it's #Malware that literally #DDoS'es entire businesses because the assholes than run the Trillion-Dollar #AIbubble refuse to adhere to basic #consent as standardized decades ago with robots.txt…
- At one employer I basically had to block #AWS, #Azure, #GCP, #ByteDance & their suppliers just to stop them from constantly DDoSing clients and fucking up our billing of said clients!
@robinsyl I am convinced that #Valve is gonna try to seriously support #ARM & #Linux longterm because they don't want to depend upon #amd64 / #ix86 & #Windows for survival and profit.
- I'm shure the same engineers who cooked up the #SteamFrame work hard on supporting mainstream ARM devices like the #Pi500Plus, because the more platforms #Steam can serve a decent amount of their catalog the easier it is for them to make money.
And in the end that's what they care about...
- Tho I don't put my hopes up high re: any new devices and espechally not reasonable pricing, cuz the "#AIbubble" and the #PriceFixing tripol of #RAM [Chip] manufacturers are currently busy #scalping RAM & #Flash into unobtainable amounts.
https://www.youtube.com/watch?v=9hLiwNViMak
https://www.youtube.com/watch?v=9A-eeJP0J7c
When the #SteamMachine was announced everyone with a calculator could see this is ginna be a $/€ 749,-- #GabeCube because unlike any #GameConsole they explicitly refuse to go with the "Razer & Blades- Model" and sell the device at a loss.
- At the current prediction and RAM prices everyone not deranged expects this to be a $/€ 999,99 box if Valve preordered enough RAM to have an inventory cushion at launch.
And with the current price developments I'd not be surprised if sooner or later devices get stolen just to rip the RAM & SSD out of them and distribute them second hand like weed to a coffeeshop in Amsterdam.
@fanf42 Who is going to bail out the banks? The US taxpayer. This article makes it sound like the bailouts have already started. But financial journalists, like tech journalists, seem to “go along to get along” and aren’t reporting any of this.
https://www.dcreport.org/2025/12/29/ny-fed-unlimited-cash-infusions-bank-crisis/
Oh dear. I accidentally commented on a Hacker News story in a way that was somewhat critical of vibe coding. https://news.ycombinator.com/item?id=46421599
Sorry, but there is no way to have a good outcome for the #AIBubble, because the real bubble is rich people having the deluded belief that they are better than everyone, and the rest of society going along with it, and that doesn't seem like it will change until they fail so hard that there is irrefutable proof that making a billion dollars makes your brain atrophy until you are a gibbering moron.
#Clankers? In my #BorderPatrol? #AI is more likely than you think.
https://www.404media.co/ice-contracts-company-making-bounty-hunter-ai-agents
"It's that classic tech motto: move fast and break things, except in this case you're the things. Your brain is the things."
This is the technology they are arresting law-abiding folks because of.
#TechnologyNews #AIBubble #AI #PublicSafety #LawEnforcement #PublicPolicy #Corruption #Education
It’s Not An AI Bubble. It’s A Black Hole
#finance #imperialism
#democracy #poverty #trump #maga #nokings #antifa #techbros #billionaires #nvidia #bigtech #stocks #market #trade #unitedstates #palantir #mastodon #education #fediverse #canada #newyork #california #openai #montreal @ledevoir @eff #gpu #uk #china @democracy @povertyandinequality #aibubble #amazon #microsoft #chatgpt #banks #datacenters #401K #mutualfunds @workersrights #LAYOFFS
@workersrights @democracy @socialmedia
The British Public were consulted over the AI Bubble, 95% of respondents rejected it.
But in the interests of "Balance", Government and Media will provide that tiny minority with equal coverage....like they don't with Trans people.
Take your 'AI' and shove it!
#AIBubble #TechBros #Technology #GenAI #Music #Artists #UKPOL #UKPOLITICS
AI power usage [SENSITIVE CONTENT]
@anthropy @noelamac@spore.social The Problemvis that the extreme buildouts for #Bubbles like "#AI" and #Shitcoin-based #Cryptocurrencies are neither #sustainable nor acceptable.
- Compared to those, your average #eMail / #Web / #VPS-hosting is extremely effcient due to their competitiveness and power being the prime cost factor.
Whereas noone I've heard of who isn't invested in the #AIbubble sees the "AI"-based #Enshittification as something else but #WastefulComputing and a net negative to the world overall.
"I worry about NVIDIA, not because I believe there’s a massive scandal, but because so much rides on its success, and its success rides on the back of dwindling amounts of venture capital and debt, because nobody is actually making money to pay for these GPUs.
In fact, I’m not even saying it goes tits up. Hell, it might even have another good quarter or two. It really comes down to how long people are willing to be stupid and how long Jensen Huang is able to call hyperscalers at three in the morning and say “buy one billion dollars of GPUs, pig.”
No, really! I think much of the US stock market’s growth is held up by how long everybody is willing to be gaslit by Jensen Huang into believing that they need more GPUs. At this point it’s barely about AI anymore, as AI revenue — real, actual cash made from selling services run on GPUs — doesn’t even cover its own costs, let alone create the cash flow necessary to buy $70,000 GPUs thousands at a time. It’s not like any actual innovation or progress is driving this bullshit!
In any case, the markets crave a healthy NVIDIA, as so many hundreds of billions of dollars of NVIDIA stock sit in the hands of retail investors and people’s 401ks, and its endless growth has helped paper over the pallid growth of the US stock market and, by extension, the decay of the tech industry’s ability to innovate.
Once this pops — and it will pop, because there is simply not enough money to do this forever — there must be a referendum on those that chose to ignore the naked instability of this era, and the endless lies that inflated the AI bubble."
https://www.wheresyoured.at/nvidia-isnt-enron-so-what-is-it/
I like seeing how @pluralistic is refining his anti #AI arguments over time. In this interview, I love the idea of reframing "hallucinations" as "defects", the analogy that trying to get #AGI out of #LLMs is like breeding faster horses and expecting one to give birth to a locomotive, and ridiculing the premise that "if you teach enough words to the word-guessing machine it will become God."
People concerned about the planet boiling to a point of becoming uninhabitable:
- We need circular economy!
Nvidia, helping boil the world:
- Oh, we're way ahead of you! 🫡
Alt...
A circular graph showing circular investment and money flow.
Nvidia ("Billions in AI chips"), $100B investment, OpenAI ("$300B"), Oracle ("Billions in AI chips"), back to Nvidia
Well the US version of #ai is just a n overhyped ponzi scheme, which is gonna crash, so I'd put my bets on China .
"I think it's likely that Anthropic is just as disastrous a business as OpenAI, and I'm genuinely surprised that nobody has done the simple maths here, though at this point I think we're in the era of "not thinking too hard because when you do so everything feels crazy.”
Which is why I'm about to think harder than ever!
I feel like I'm asked multiple times a day both how and when the bubble will burst, and the truth is that it could be weeks or months or another year, because so little of this is based on actual, real stuff. While our markets are supported by NVIDIA's eternal growth engine, said growth engine isn't supported by revenues or real growth or really much of anything beyond vibes. As a result, it's hard to say exactly what the catalyst might be, or indeed what the bubble bursting might look like.
Today, I'm going to sit down and give you the scenarios — the systemic shocks — that would potentially start the unravelling of this era, as well as explain what a bubble bursting might actually look like, both for private and public companies.
This is the spiritual successor to August's AI Bubble 2027, except I'm going to have a little more fun and write out a few scenarios that range from likely to possible, and try and give you an enjoyable romp through the potential apocalypses waiting for us in 2026."
https://www.wheresyoured.at/premium-the-ways-the-ai-bubble-might-burst/
@deutschewelle hoffentlich explodiert die #AIbubble bald richtig laut und #AiSlop stirbt wie #NFTs und #Shitcoins aus!
Cc: @dw_innovation
I'm not totally onboard with AI yet (it's been around for decades in one form or another) and yet, I'm totally against it either. But shit like this pisses me off because it takes the fun out of learning, building and exploration.
But soon this will hit a lot of companies who are going to have to pay higher prices for equipment for end users.
https://www.theverge.com/news/837594/crucial-ram-ssd-micron-ai
Microsoft drops AI sales targets in half after salespeople miss their quotas - Ars Technica
> Report: Microsoft declared “the era of AI agents” in May, but enterprise customers aren’t buying.
#technology #microsoft #ai #llm #bullshit #vaporware #aibubble
Our annual company meeting is tomorrow, and the #AIBubble has still not collapsed, so I am sure I'm going to have to sit through at least several presentations on how we can remain competitive in the the #AI space and not get left behind like all those losers who are merely doing work with their frail human brains.
#Microsoft #CEO Satya Nadella just stated that #AI has yet to deliver any real value despite massive investment. People in the #tech #industry are shocked.
Shocked? Really?! What is in the #KoolAid these people are chugging?
AI has brought very little value to, well....anything. It's incredibly damaging to the environment, expensive, and the way it's currently being used isn't respectful of privacy nor does it improve the well-being of peoples' lives. Now it's being shoved into pretty much everything.
The sheer volume of money tech companies are willing to "invest" in it really could solve more imminent social crises.
@betelgeuse93 @itsfoss Cuz right now @RaspberryPi too struggle with the Price hikes for #RAM due to artificial scarcity caused by suppliers and artificial demand with #ClosedAI aka. "#OpenAI" literally ordering 40% of all output capacity on the market because the #AiBubble hasn't been popped yet!
- My hope is that #WallStreetBets start shorting all the #AIslop companies so hard that they crash and burn!
The question isn’t whether the AI bubble will burst – but what the fallout will be
Eduardo Porter
https://www.theguardian.com/technology/2025/dec/01/ai-bubble-us-economy
Had an authentically good experience with an #agentic #LLM the other day! I called the car dealership for an appointment and an #AI answered. Unlike the old "listen to your options" or "please state the purpose of your call" robots, I could speak to it conversationally, and it was very efficient since it had all of my details and their appointment slots available to reference without looking things up.
That being said, this feature has not tripled the valuation of the car dealership.
https://www.brandeis.edu/online/academics/microcredentials/index.html
Note the two "credentials" are AI for STEM and prompt engineering.
Nobody has any business calling these things "credentials", or suggesting they are credentials by naming them "microcredentials". You can't go to your boss waving your prompt engineering microcredential and get a raise, or even a microraise for that matter. You can't access more competitive jobs after obtaining one of these microcredentials.
If they were serious about credentialing people, these would definitely not be the first two made available. They couldn't be more transparently venal. This isn't about credentialing, it's an attempt to profit from the AI bubble.
#AI #GenAI #GenerativeAI #AIBubble #HigherEd #academia #USUniversities #brandeis #BrandeisUniversity #microcredentials
My friends, I can’t shake the feeling that it’s not just the #aibubble that’s about to burst. I think those fuckers will take the internet down with them, making it only useable to those with wealth. And mobile comms too.
Plug in your old landline phone. Give the number to anyone you want to stay in touch with.
Get a #hamradio
Get your favourite photos and important documents printed off.
The digital age as we know it is about to become too risky, unpredictable and limited. I can feel it can’t you?
Doing my best to enjoy the absurdity of people still worried about being left behind if they don't adopt #AI fast enough. I'm sure this will seem quaint once we move on to people cutting off their limbs to install the latest cyborg technology or whatever #scifi bullshit they hype next to boost tech valuations.
"The #AI hype machine relentlessly promotes the idea that we’re on the verge of creating something as intelligent as humans, or even “superintelligence” that will dwarf our own cognitive capacities.
But this theory is seriously scientifically flawed. LLMs are simply tools that emulate the communicative function of language, not the separate and distinct cognitive process of thinking and reasoning, no matter how many data centers we build."
"Earlier this year, Elon Musk built a gas-burning power plant large enough to power a small city, claimed it was exempt from air pollution laws, and placed it next to Boxtown, a Black neighborhood in Memphis where he had built a new data center. People in Boxtown started breathing polluted air – and dying faster. This is what the AI bubble looks like today." - Dwaign Tyndal
#AIBubble
#Elon
#elonmusk
#Climate #ClimateChange
#climatejustice
“They have to keep borrowing more and more because they spend more money than they can get, structurally,” Luria says. “They have to continue to borrow to pay interest on the last loan.”
Silicon Valley and Wall Street are in sync: conjuring up sketchy credit deals that are pointing us toward another financial crash....
“We have sealed the deal on another financial crisis—the question is size,” said one former congressional staffer.#AI #GenAI #GenerativeAI #AIBubble #grift #CasinoEconomy #FinancialCrash #GreatRecession
Let’s start with some very recent history. CoreWeave is a data center company that pivoted in 2022 from crypto. (In 2021, CoreWeave made its money by… mining Ethereum.) Essentially, CoreWeave is a landlord for compute: companies pay for the use of its server racks for AI projects....
CoreWeave chief executive officer Michael Intrator, a former hedge fund manager,...
“They have to continue to borrow to pay interest on the last loan.”So,
- CoreWeave sits at the center of the AI bubble;
- it used to be a crypto company and also gets its (electric) power from a Bitcoin mining company that makes no money and has CoreWeave as its only customer
- it's positioned itself as a rentier;
- its interest payments on previous loans exceed its revenue by a significant amount, so it's paying off loans with more loans and has already defaulted once;
- it has essentially two customers, Microsoft and NVIDIA;
- it has a loan from one of the actors implicated in the 2008 financial crash (Magnetar)
- it's run by a finance guy, not a tech person
- yet it's in the position of someone who takes out a new credit card to pay the interest on the previous credit card
Yeah. Looks like crypto, and crypto's Ponzi scheme way of thinking, has slimed its way into the "real" economy after all.
Oh and welcome back, global financial crash. We missed you. And eyyy, how you doing Enron long time no see:
CoreWeave isn’t alone in its complex finances. Meta took on debt, using a SPV, for its own data centers. Unlike CoreWeave’s SPVs, the Meta SPV stays off its balance sheet. Elon Musk’s xAI is reportedly pursuing its own SPV deal."Complex finances" are what companies engage in when there isn't any there there (SPVs were Enron's "financial innovation" too).
Peter Thiel pulling his investments out of NVIDIA makes far more sense after reading this. Looks wobbly.
It is perhaps time to discuss the enormous stock sales from CoreWeave’s management team. Before the company even went public, its founders sold almost half a billion dollars in shares. Then, insiders sold over $1 billion more immediately after the IPO lockup ended....
“It’s noteworthy that people who have a good view on that business are cashing out,” says Leevi Saari, a fellow at the AI Now Institute.and of course
It makes a certain kind of cynical sense to view CoreWeave itself as, effectively, a special purpose vehicle for Nvidia.#AI #GenAI #GenerativeAI #AIBubble #CoreWeave #CoreScientific #Microsoft #NVIDIA #crypto #grift #CasinoEconomy
@cstross I love how even the stories of massive fraud in the #AI market can't help but push the same stupid machine learning hype that created the #AIBubble in the first place, as if 18 hours isn't enough time for human experts to find fishy numbers in a company report that everyone knows must contain fishy numbers.
https://substack.com/inbox/post/179453867
Alt...
November 20, 2025, represents an inflection point in financial markets. For the first time, algorithmic trading systems detected accounting fraud faster than human analysis. The 18-hour reversal from post-earnings euphoria to negative market territory reflects machine intelligence processing financial statement footnotes, calculating deviation from industry norms, and executing trades before human analysts completed their models.
This speed creates new dynamics in how frauds are discovered and markets adjust. Historical frauds—Enron, WorldCom, Lucent—required months or years between initial warning signs and market recognition. Algorithmic detection compresses that timeline to hours.
HT @berzhu
#AISucks #NoNukesForAI #AI #Enshittification #Environment
#ClimateChange #AIBubble #Capitalism #Datacenters #Crapitalism
Alt...
Futuristic illustration including a golden skin couple with glowing eyes.
"We just saved 20% our power bill by burning down the data center."
You telling me this industry is valued in the Trillions?
Alt...
“Ifeel like a bit of my life was stolen,” James said.
Owen, who is in the middle of a career change, said he had chosen the course
to get the underlying knowledge, not just the qualification - and felt it was a
waste of time.
“To be sat there with this material in front of you that is just really not worth
anyone's time, when you could be spending that time actually engaging with
something worthwhile, is really frustrating,” he said.
Reuters: Tipping point or bubble? Nvidia CEO sees AI transformation while skeptics count the risks https://www.reuters.com/business/tipping-point-or-bubble-nvidia-ceo-sees-ai-transformation-while-skeptics-count-2025-11-20/
Nvidia relief won't be enough to dispel tech-bubble angst https://www.reuters.com/business/finance/global-markets-tech-2025-11-20/ @Reuters #Nvidia #AIbubble
New. Go ahead, ignore all the warnings.
Reuters: ECB warns of 'bubble' in AI stocks as funds deplete cash buffers https://www.reuters.com/world/europe/ecb-warns-bubble-ai-stocks-funds-deplete-cash-buffers-2024-11-20/ @Reuters #AIbubble
@maxitb@ mastodon.social
@arstechnica I hope #artists falefully accused of "#AI" "#Art" will sue #Google for #defamation sooner than later!
Google boss warns 'no ai company techbro billionaire conman is going to be immune from prosecution'' when AI pyramid scheme collapses
https://www.msn.com/en-us/money/technology/google-boss-warns-no-company-is-going-to-be-immune-if-ai-bubble-bursts/ar-AA1QDA1C
Is it finally happening?
Sounds like they're saying they're "too big to fail", doesn't it?
That's a definite sign of the bubble popping, the Rich reminding everyone that they must be bailed out above everyone else.
#AIBubble #TechBros #SiliconValley #Economy
Alt...
Stock market sell-off continues, as Google
boss warns ‘no company immune’ if AI
bubble bursts - business live
Rolling coverage of the latest economic and financial news,
as shares fall across Asia and bitcoin hits a seven-month low
Uh-oh, Reality is knocking at the door, asking why it has been ignored for so long....
#AIBubble #Economy #JPMorgan #WallStreet #DanielPinto #TechBros #SiliconValley
Alt...
3hago 11.50 GMT
JPMorgan's Pinto Warns of Possible ‘Correction’ in Al
Valuations
Valuations in the booming Al industry are due for a reassessment, according
to JPMorgan Chase & Co. Vice Chairman Daniel Pinto.
Speaking at the Bloomberg Africa Business Summit in Johannesburg today,
Pinto also warned that any decline would reverberate across the stock
market.
Pinto warned:
44 “There is probably a correction there.
That correction will also create a correction in the rest of the segment, the S&P
and in the industry.”
Concern has been growing in recent weeks that the valuations of the world’s
largest technology companies could have risen too high, based on an overly
optimistic view of how quickly Al would delivery productivity benefits.
As Pinto explains:
44 “In order to justify these valuations, you are considering a level of
productivity that, it will happen, but it may not happen as fast as the market is
pricing now.”