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Comment Too Big to Fail (Score 2) 71

Anthropic is one of the 'flagship' US AI companies. They are the first domino in a long string. I don't think it's any surprise to folks here that AI is not profitable yet - in fact it operates at a huge loss.

AI is the big draw for RAM and Video Card hardware. They're also a big contractor right now for construction companies and utility companies.

The US government will *not* allow them to fail. There is a bailout coming within the next 5 years. Why? The technology is 'strategic'. The resulting domino fall will gut the ram prices, the video card prices, and put a huge hurt on construction and utilities.

These AI companies have been using their inventory of video card, ram, and other chips as collateral for huge loans to buy MORE. If Anthropic goes bankrupt, that house of cards falls. Nividia and a number of other suppliers are left holding the bag to the tune of billions or trillions.

We - the taxpayers - will end up paying for all of this. And as it happens, we will see an AI crash, a tech crash, and a blue chip crash. For comparison, there is MORE speculative AI cash floating around than there was during the 2008 sub prime crash.

40% of the S&P is tied up in AI speculation. 50-60% of the Nasdaq is tied up in AI related companies. And 15-20% of the Dow Jones is tied up in AI.

This has every indication that it will dwarf both the subprime and the automaker bailouts.

Comment Re:idealists (Score 4, Interesting) 120

You got it partially right. The only people leaving are those who had their foot partially out the door already. They'd already been looking for other jobs and considering this move for a long long time. Most people *smart* enough to be in demand are also smart enough to plan for the future and NOT be idealistic enough to shoot themselves in the foot.

Comment Can't believe he cited free speech. (Score 4, Insightful) 29

You're the 'biggest' social network in the world - and you DON'T have to provide free speech. You could easily remove the bots, the hatred, the fake medicine. You choose not to because profit is the bigger motive than society. Facebook is a cancer and deserves to be destroyed for the way they've acted as a custodian to the power they've amassed.

Comment This just in - Trump Grifts some more (Score 1) 124

President Donald Trump reported over $1.4 billion in income from cryptocurrency in just the FIRST YEAR of his second term.

So when congress doesn't bow down to the orange menace..... he just tells his appointed toadies to fuck up our economy even more with speculation. All to make him more cash.

This country is so fucked.

Comment 20 years ago..... (Score 1) 109

I got to listen to programmers laugh at the auto industry. They talked about how American cars sucked because of Unions, they didn't give a shit about whiny American union workers, etc. etc.

Now they are realizing what happens when a job gets commoditized. They are realizing that once a industry matures, things change. I SO SO want to say "Yeah? Fuck you. I hope your sorry ass gets fired". But instead, I'll just shake my head and watch the journey to reasonable collective-bargaining and wonder how many more times this needs to play out before people realize how critical unions are.

Comment Absolute idiocy. Fire the IT departments. (Score 1) 76

I work for a *major* manufacturer with operations in numerous countries.

There is not one, single PLC connected through a wireless modem to the internet. That's stupidity. Absolute stupidity.

Our PLC software is hardlocked and unable to be changed without rebooting into a special password protected mode. It is set up in a data-send-only configuration where it can send the server production metrics, but will not accept *any* incoming connections. It is virus-protected, checked nightly against off-site backups, and buried behind so many firewalls it would make your head spin.

These fuckers are making gradeschool mistakes with critical infrastructure.

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