One can dream.
Big tech has never seen common people as anything but data. It’s funny they now are concerned for what will happen to us if their bubble bursts
What’s funny is that you think they are concerned 🤣
I don’t think they believe the concern is real.
“We should Improve society somewhat”.
“It’s funny you think they would let society improve lol! How naive!”
Please don’t be like that. It’s peak douche behavior.
If an AI bubble pops, no one is getting out clean.
He means the taxpayers.
Let the taxpayers prop up failing companies. Corpo welfare is the good kind of welfare even though most of the money gets sucked up by the Executives and share buy backs.
At least China is right about not bailing out their companies when their own property bubble collapsed.
The bar can’t be “not as corrupt as America”. That’s not a bar, that’s the ground. They can and should do better.
Oh I’m not trying to defend or exalt China. I’m saying that we should be like China when it comes to dealing with billionaires. Or even better, be like Vietnam, when the court ordered a billionaire who defrauded thousands to pay in time or be executed.
Agreed.
The amount of bailing out should be inversely proportionate to the amount of people fired during record profits.
Privatize the profits, socialize the losses
“We should privatise service X so it’s more efficient” X collapses “We can’t afford to let X fail despite the fact that it ran at massive profits all the way to it’s collapse so we’ll bail it out” THEN WHAT WAS THE POINT OF PRIVATISING IT IN THE FIRST PLACE?!
You can take on the burden of running the thing and therefore the cost of making it public, or you can allow it to be private with the caveat that they must pay a substantial (enough for the government to not be at a net loss) tax as a kind of insurance in the event a bailout is needed, but don’t take on the worst of both worlds where the profits are private and the losses are public.
you’re kidding right?
those billionaites that gambled the US economy on an executive borwnosing machine will get a bailout paid by those who lost healthcare and can’t afford food. 2008 all over again.
It makes more sense if you read it as a threat.
We should improve society somewhat.
that sounds like antiameticamism and therefore legally making you a terrorist
I believe the French had a nice invention for that. And it’s not the ‘pain au chocolat’…
tbf the 40 years after the french revolution were called “the terror”
Wall Street didn’t learn from past events and is doomed to repeat history?
Shocking… /s
until the US regulates it’s financial markets for the common good like most of the rest, it will forever remain the country of shortsighted degenerate gamblers
Oh, they learned. We thought them that no one will be accountable and that the greediest will be bailed out and continue to get richer and richer. We are keeping jackals in our house, and we are giving them a pat on the head and a tasty treat every time they bite our children.
Why are we so stupid?
It feels like we’re being ruled by think tanks.
All reasoning must crumble before one prime directive: The richest can only get richer. No matter the cost.
They learn how to profit the next time.
they profit from every crisis already. can’t let a good one go to waste.
They’ve learned they can get away with it.
Too big to fail is too big to exist. Break them up.
Too big to not let fail.
That was lesson.
I’m sure we managed to avoid learning it.
We all learned the lesson but the people who could implement the lesson refuse to because it isn’t to their personal advantage. We all know what the wise thing to do is but that would disempower some very rich and influential people who should never have been allowed to grow to be so influential over the state, aka us, that we can’t stop them from forcing us to pay for their speculative risk taking.
You speak the truth. These idiots sank trillions into a technology that people are very meh about. If it all comes crumbling down, they really, really have nobody to blame but their own greed.
They forced massive shifts across the economy and wasted massive resources chasing a speculative technology all for power. We all suffer because of this and the government refuses to deal with it because we elect business friendly, ambitious liars.
Uh….well yeah.
Due to the sheer number of articles surrounding the AI bubble popping; I’m coming to the conclusion that this has already started.
Good good. Let it all fall apart.
“I’m gonna take you all down with me!”
Then I’ll ask for a sweet socialist bailout while the rest of you enjoy rugged capitalism.
[he] addressed the “immense” energy needs of AI, acknowledging that the intensive energy requirements of expanding AI ventures have caused slippage on Alphabet’s climate targets. However, Pichai insisted that the company still wants to achieve net zero by 2030 through investments in new energy technologies. “The rate at which we were hoping to make progress will be impacted,” Pichai said, warning that constraining an economy based on energy “will have consequences.”
We need “line go up” so badly, we’re willing to bake the planet.
“We will have to work through societal disruptions,” he said, adding that the technology would “create new opportunities” and “evolve and transition certain jobs.”
Someone once described AI as “a way for the wealthy to access the benefits of the skilled, without allowing the skilled to access the benefits of wealth”.
or since there are FOSS AI models that are free as in free beer it allows everyone to access the benefits of the privileged - i.e. those who can specialized in fields like arts that aren’t conducive to making enough money out of the gate to survive as a working class person
“Privileged” lol.
If you couldn’t make a poem before “AI”, you still can’t make a poem now.
Do you have another retort besides “lol”? Spending the amount of time required to produce professional art when an income isn’t directly guaranteed is a risk most of us can’t take, FYI.
You still can’t make
Yeah and why would I need to?
If I don’t enjoy that particular process nearly enough to learn how to make it good, and I wanted it to be good and I was feeling creative and had an idea for it, I could just get it made for me, free of charge, free of corpo influence or any strings attached. It’s a sweet deal.
Spending the amount of time required to produce professional art when an income isn’t directly guaranteed is a risk most of us can’t take, FYI.
Because you don’t care about making art, so you choose comfort and financial safety. It has nothing to do with “Privilege”.
You’re talking about outsourcing art, but then complain about who actually make art.
Art isn’t output/result. That’s exactly what you’re getting from your gen slop.
Because you don’t care about making art, so you choose comfort and financial safety.
Yeah, I choose to eat, so do you, evidently.
But my choices on how I earn that bread were more limited than yours, again - evidently.
Beyond that, I choose not to make assumptions about you or your life like you’ve done with mine.
Also lol “comfort and financial safety”. No. Not for most people in most of this world. It’s more like survival vs not survival.
So how does this have nothing to do with privilege? It literally is what privilege is.
Telling poors to learn art is like telling someone to bet everything on starting a business. It’s a good idea only if you’re rich, because if you fail - and to learn you must fail sometimes - you can try again, but the working class doesn’t get the luxury of second chances.
You’re talking about outsourcing art, but then complain about who actually make art.
No, I’m talking about generating art from a prompt, I have no issues with people who make art obviously, as long as they don’t have an issue with those who lack the resources to develop the skills and instead use AI to put their ideas into action or polish existing ones.
If you’d like to change my mind, show me a few professionally successful present-day working class artists.
This means they:
- Make most of their income from their work
- Most active period this or past decade and they are no older than 40.
- Working class background, so no artists in family at all, no industry connections they didn’t make themselves, no nepotism etc.
Also lol, of course I care about making art, why else would I be even talking about it, much less pointing out that generative AI accidentally or not - corrects a class injustice?
If I saw no value in making art, why would I ever consider it an injustice that the working class cannot enjoy it?
I make music in my spare time whenever I can and have for years, and no I don’t and would never use any generative AI tools for the music itself, nor do I even sample any other music, and I think I’ve even improved at it somewhat despite a lack of basically any education on the subject matter beyond a few guides and YouTube videos on music theory here and there. It’s a highly rewarding hobby.
Realistically though, that ‘whenever’ is simply not enough time to create anything professional and polished enough for me to sell and for it to appeal to anyone besides myself and whatever loved one is unfortunate enough to be subjected to it.
I stopped reading after the first two sentences.
I would have expected no more than that from the average anti-intellectual bad faith bating moron. Blocked.
Oh the great technology god will help us. We will have so much reduction, you cannot imagine! We have no idea how but surely throwing money at it will get things done. Trust us!
That money goes somewhere so some people will be getting out better
It doesn’t work like this though. If your pension fund is heavy into a company that suddenly loses 90% of its value, your pension suddenly becomes worth a lot less…
Some people wouldn’t be those people then would it?
I know what you’re saying, but if a company is valued at 10 billion for instance, then gets revalued down to 100mil, that difference has not gone anywhere, it has simply ceased to exist. And if you had invested 100k to own 0.001% of the 10 billion company, you now only own 0.001% of a 100 million company. Your investment has lost its value, with whatever implications that has for you. The value hasn’t shifted around, it’s ceased to exist!
Let’s be very clear: Pichai is one of the Very Big assholes whose name should be uttered in the same breath with Thiel, Altman, Zuckerberg etc.
He drew comparisons to the late 1990s Internet boom, which saw early Internet company valuations surge before collapsing in 2000, leading to bankruptcies and job losses.
“We can look back at the Internet right now. There was clearly a lot of excess investment, but none of us would question whether the Internet was profound,” Pichai said. “I expect AI to be the same. So I think it’s both rational and there are elements of irrationality through a moment like this.”
Equating the dot-com bubble with the internet. Only a $trillion company CEO could spout such bs. And the misinterpretation translates very well to AI.
Frankly, what I’m getting from this article is “Hey, we’re not the #1 in the current hype, so would everybody else please slow down a little so we’re all at least on equal footing again?”
And the idea that it could all burst, leaving not only Google/Alphabet utterly destroyed - don’t threaten me with a good time, Sundai!
AI winters and history repeating itself. As a concept it’s here to stay, but every incarnation leads to a cycle of misconception, hype, and disillusionment
That sounds like a threat
This is code for “Hey government, you better be ready to bail us all out”.
