I heard the whole tech part of the US stock market lost 2.5 trillion
Not until people are jumping out of buildings on Wall Street, Microsoft and Amazon lay off thousands and their AI divisions crumble, and/or there is a fat bailout.
A classic
Microsoft offered 60,000 employees buyouts last month!
Yeah but it was to replace them with AI so not quite the same
It absolutely wasn’t for that. A lot of these tech giants have been printing money for decades with very little standing capital (aside from IP). They’ve now found themselves in a situation where they own rapidly deprecating infrastructure, large debts (more recently, initial investments didn’t require financing), and declining cash flows.
They’re firing people to offset loss of liquidity and to finish off any Covid “overhiring” (fuck you). I’m sure some managers are also fully bought into the AI pipe dream as well, but I doubt it’s the real driving force
I wouldn’t say that for certain. It could have been a manipulation tactic to make the company look like their AI is doing well at increasing efficiency, but in reality it is just cutting payroll to counteract the huge AI expenses which are not paying off
That was the thunder before the storm. Anthropic is the golden boy of American AI companies. They showed ass+hair and presented their IPO with extremely deceptive framing that showed temporary revenue from Elon Musk at the start of the year but not the most recent quarter’s losses. The entire industry on the software and hardware sides are tied together through circular financing schemes that hinge on every company being an equally golden boy. Anthropic’s value halving harms all of their ability to secure more investment and is driving those funds out of the entire sector. It’s setting up a moment in the near future where investment dries up alongside revenue and engagement, but they’re left with all the costs of hyperscaling for demand that wasn’t there. The AI industry really needs a new stupid thing right now and they’re out of stupid things despite building the button that’s supposed to generate infinite stupid things.
idk but numbers don’t real, everything is so fucked up so you can’t really draw any conclusions based on stock data
Nobody knows. The lack of real value to match these valuations, even with eventual monopoly status, means there will eventually be some kind of hollowing out and crash. But when that happens is extremely difficult to predict, even with large fluctuations.
It’s starting to.
torvalds-nvidia $2.5 is only half of Nvidia - ONE of the tech stonks which NVIDIA alone could still tank that whole thing and be one of the most overvalued pieces of planetary shit in existance. There’s a lot more to go for a crash.
I think this is just the breakers hitting. Usually when a bubble pops it hits broad sectors, banks start “collapsing” aka being bought out, Christmas Mass…layoffs, strip malls stripped.
Every crash they take something away. 3rd spaces. Healthcare. Pensions. Affordable housing. Food.
Some other evil racket magically pops up overnight like it was waiting for an entry point. Companies you never heard of. In a way ot heard of to avoid oversight. Then the larger companies start buying up the casualties to maintain their monopoly relevance (it’s just more debt being funneled around). That’s probably where all the IP gets sucked up i to Souper ‘intel’ - BAD I.N.T.E.L.L.I.G.N.C.E
Instant billionaires are made out of “buying” spree but again it’s just repackaged debt. Those tariffs might go, but the inflation from the worth-lessness of the dollar from the debt bomb replaces it. So everything is 20% more expensive - overnight forever.
Us Xilennials know it well. 2001, 2008/9, 2014, 2019, 2026 now. It’s why we could never get ahead. Every step up was two blows back. Now the Zoomers know it right as they are getting out of high school and college.
.We have to stop survailence crapitallism. They want to cradle-to-grave minority report manipulative pre-crime!
This making AI part-public and shoving dividends is a poison trap. It is tied into the survailence Crapitalism and military industrial complex. Meaning holding them accountable is going to be an attack on public funds and what they are used for (Constitutional violations, genocide, MIC, red lining type discrimatory scheemes) Be it some privatized social security, voucher education, social score basic income ect. Cradle to grave control against dissent. WHY YOU NO TATTOO?!
China is doing AI pretty cool. Their goals are different than the west. I hope they use AI to find aliens. Seriously use it to do space crunching. BOINC was a good start. Which is why most of the
if we don’t then China will is a bunch of bullshit. China’s progress is one already decades ahead of us, two used for collective good, three China isn’t going to do shit to me as an individual over here and vice versa. They could care less. However
Porky got shook. Proky wants to always win and not be shook again.I am firmly convinced we are going to be a cross of Idiocracy and Demoliton Man with Minority Report characteristics. So think the most absurd parts of those and reality will probably be worse or not far off. At least brace for impact.
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
Yeah, until we don’t get that RAM for free they stole for their data centres the bubbles hasn’t popped.
The biggest economic goon in human history. Keep edging.
Money isn’t real, don’t look at the total lost, look at the percent lost. It was only like 13% or something. It’s a worrying amount (for investors) but not a bubble popping amount.
Nope. It might have peaked before the midterms. But i would not call it a bubble pop for now.
