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Comment Just do a freedom of information request (Score 2, Insightful) 43

I forget which town but one of them immediately removed all the cameras when somebody did a foi request.

You're not going to find out where the billionaires are going because like Steve Jobs used to do they hide their license plates.

But your shitty little Republican mayor who frequents the local gay bar doesn't have the resources to do that. A

Submission + - The AI Bubble That Isn't There (forbes.com)

smooth wombat writes: Michael Burry recently said he believes the AI market is in a bubble. Why should anyone listen to him? He's the guy who famously predicted the subprime mortgage crisis and made $100 million for himself, and $725 million for his hedge fund investors, by shorting the mortgage bond market. Will he be right in his most recent prediction? Only time will tell, but according to Jason Alexander at Forbes, Burry, and many others, are looking at AI the wrong way. For him, there is no AI bubble. Instead, AI is following the pattern of the electrical grid, the phone system and yes, the internet, all of which looked irrational at the time. His belief is people are applying outdated models to the AI buildout which makes it seem an irrational bubble. His words:

The irony is that the “AI bubble” narrative is itself a bubble, inflated by people applying outdated analogies to a phenomenon that does not fit them. Critics point to OpenAI’s operating losses, its heavy compute requirements and the fact that its expenses dwarf its revenues.

Under classical software economics, these would indeed be warning signs. But AI is not following the cost structures of apps or social platforms. It is following the cost structures of infrastructure.

The early electrical grid looked irrational. The first telephone networks looked irrational. Railroads looked irrational. In every major infrastructural transition, society endured long periods of heavy spending, imbalance and apparent excess. These were not signs of bubbles. They were signs that the substrate of daily life was being rebuilt.

OpenAI’s spending is no more indicative of a bubble than Edison’s power stations or Bell’s early switchboards. The economics only appear flawed if one assumes the system they are building already exists.

What we are witnessing is not a speculative mania but a structural transformation driven by thermodynamics, power density and a global shift toward energy-based intelligence.

The bubble narrative persists because many observers are diagnosing this moment with the wrong conceptual tools. They are treating an energy-driven transformation as if it were a software upgrade.

Comment Court packing (Score -1, Troll) 20

So we have had multiple decades of Court packing so you're headed by the heritage foundation, a right-wing think tank that made that their primary goal.

If you look into Amazon for example and wonder how they got so big you will find that they were just going around buying up all there competitors using investment capital. Most tech companies that's how they got big they just bought up competitors.

Facebook is in a unique situation. Nobody under the age of 18 wants to be on the same social media platform has their parents so every few years a new social media platform develops as a separate platform for the kids.

Every time that happens Facebook just buys that platform.

Tick tock was a problem because they couldn't just buy the platform since it was owned by the Chinese government. So they just pressured the government here to shut it all down and give them control.

Refusing to enforce antitrust law makes your life noticeably worse even if you don't use the services involved.

The problem is it's government regulation and its bureaucrats that enforce the law there.

We have been taught our whole lives that there is nothing worse than the bureaucrat. It doesn't help that as an American most of your interactions with the government are negative. Means testing for assistance programs is brutal and difficult so if you fall on hard times and need help fuck you. Most of us did never do need help still have to go to the DMV sometimes and wait in line frustratingly or we get pulled over by cops and that's our interaction with the government.

It is very easy to translate those frustrated emotions with a sabotaged government into a desired cut regulations that control corporate abuses that hurt you.

And that is way too complicated a concept for probably 80% of the population to understand...

Comment AI isn't for you (Score 1) 55

It's not a product in the traditional sense. It's a tool that the upper elite are hoping to use to replace you so that they are no longer dependent on your labor or your consumer dollars.

It always strikes me odd that people ask the question if there are no consumers who will buy their products?

You think somebody with a billion dollars hasn't asked that question?

What if they come up with a different answer than the old one we're told Henry Ford did. (Fun fact Ford paid better not because he wanted consumers but because the work was extremely tough and he had a hard time getting employees)

What if the solution they come up with is to automate everything and anything so that they can limit their dependency to a handful of engineers and a handful of bugs that keep those engineers in line?

What if there's no place for you in tomorrow?

I don't think most people can face that kind of existential dread. It borders on cosmic horror

Comment Re:way more than some irrationality (Score 1) 55

I think we are going to see a 'correction' we go down 10% or or less from recent highs and trade sideways for a while.

Most of the big guys in AI are already down more than 10% in the past week. Today isn't looking any better. Once Nvidia reports tomorrow after the bell will we see stabilization, assuming they have good news to report.

Comment Re:Move to free states. (Score 1) 79

Also, consider missing with your shot and hitting a little girl merrily going on her way to school, store, etc. And be sure to keep your lawyer on retainer should you do this. And do not forget basic gun safety, keep it locked up and away from your kids. And also keep aware of your mental health as a gun can represent a quick escape from the world. So go buy a Glock, hell buy one for yourself and 10 of your friends. They'll be friends of yours for life, yes?

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