Below are the two videos that I mentioned.

Patrick Boyle

https://youtu.be/T-oXyXwD6sE?s...

Casual Finance

https://youtu.be/roe3SgezmmU?s...

This IPO is a rug pool by venture capital investment that has already dropped their money into the company for control and now the public will cash them out with the IPO offer.

The debt bagage of this company is just a huge and the possibility of them ever becoming profitable is near impossible since the market is saturated with their competitors, their models are not winning well if anybody else, especially when the competitors like Google and Facebook/Meta and others that are willing to spend even more money who have revenue sources outside of just pure AI token spending.

Even SpaceX can get their money from their internet service order rocket ships or possibly Tesla if they were rich but anthropic is a standalone.

Perhaps this is another Bitcoin or other dot-com company going bust in the near future.

I believe the future will include AI but it will be small models that are self-contained and that people have on their own equipment and not not spending vast amounts of money on paying for tokens to third-party companies.

Patrick Boyle on YouTube does a great job explaining the vastness of the debt along with the Casual Finance channel.

@BeauHD seems like he's leaning into AI headfirst from behind judging by his closing sentence cut and pasta from AI.

"Is this conversation helpful so far?"

If any attorney wants to start a class action lawsuit, I'll be more than welcome to participate as a primary plaintiff or completant since I have all the documentation and history of upgrades of this LG OLED 60-in TV running their WebOS for more than a decade and me rejecting and not accepting any of the terms of service after I unagreed to after the first time, I noticed the massive amounts of data the TV was sending with ACR spying.

The TV always tries to break out of my firewall blocks and when my internet router reboots it is able to contact its South Korean servers and download new data because I get a pop-up after an internet outage that there's a new terms of service that I need to agree to to use the TV, but I'm able to close that window and use it as a dumb HDMI output device as a TV and monitor with a Ubuntu GNU/Linux media center computer connected to it running Kodi version 22 beta now all the way back from the original versions since I've been compiling my own media center software since the beginning.

My DVD, BluRay, collection and my music CD collection have also been ripped for personal backups, since they started getting media errors requiring me to use recovery software to read the data since the media layers are very old and optical media is starting to degrade and separate causing reading problems. I let another device to do streaming to my TV which is used as a dumb HDMI sink and only uses the TV and monitor features along with HDMI-CEC for remote control codes to work.

Shenanigans, I call shenanigans, I want the government to intervene because LG is full of shenanigans and perpetrating shenanigans!

I have an LG OLED 60-in TV that I have been upgrading their web OS for the last 10 years or so and I have been monitoring that transmissions and their TV routinely tries to break out of my firewall block by showing up pop-ups and updates to the new terms of service that it wants me to accept and I always close down the window and never accept any.

As I mentioned in my previous post on this story, I was curious to see what was happening with the LG TV and I monitored its transmission through my internet router and out to the internet and found that if automatic content recognition (ACR) Is agreed to in the five different sections of the terms of service. The TV will take screenshots and will upload them up to South Korean IP addresses owned by LG and other registered entities.

I watched it upload 8.4 GB of data in one week of only about 3 to 4 hours of TV watching per day. There is no way that this is just audio data using whatever codec they want to use. Even straight up uncompressed raw waveform, it is definitely taking screenshots and pictures.

PS: If this poor excuse for a forum had the ability to insert images or attach images, I would show you the data myself. Also if I try to upload an HTML PRE-structured text then I could show you the textual output but I can't since every time I try I get blocked by the spam filter and having to fight it by changing the text is more of a pain in the ass than worth it.

I have an LG OLED WebOS TV and decided to agree to all the terms and then watch the network logs after a week. That piece of spyware shit would send out ~8.4GB of data a week back to South Fuxking Korea. I promptly diagreed to all terms, placed it behind a network block and use it as an HDMI display now.

However, somehow that little fraker will still prompt me with new changes to their Terms of Service that it wants me to re-accept anytime there is an Internet outage because it gets through or jumps to an open network to fuxing call the South Korean Soy Spy Mothership.

LG is EVIL SPYWARE RIDDEN SHEIT.

Richard Stallman of the Free Software Foundation warned is about the TiVo-ization of consumer hardware with closed firmware and secure boot signed kernels that the consumers can't change nor even access nor inspect and they don't know what the hardware and software is doing that they purchased. I remember those speeches from decades ago when he announced it and here we are. Non-Free as in Freedom fuxing South Korean spyware garbage, don't forget Chinesium right there also.

Mortgage The Future!

Debt is Wealth!

The current economic system is out of control and on a path of no recovery. AI will create a job apocalypse if it succeeds or market collapse when it fails.

The cost of maintaining the $40T US debt interest rate payments is becoming untenable economically.

The middle class is being squeezed down to the lower class more and more.

The courts have allowed and protected PayDay loans under both administrations and the owners of those companies got elected to public office in Texas also.

Clarana, Zip, Flex, they are all derivative of PayDay loans and are following their play book.

If the current young and middle aged generations don't believe in the future then they don't care about creating unpayable debt if they feel the economy is on the verge of collapse and they won't have to pay anything back.

If there is no Future then there will be no Debt to pay back.

Congratulations comrade on your Non-Consensual participation in our Microsoft OneDrive Photos Beta integration with Flock facial recognition features, to ensure that our synergy works for the best of what Big Brother has always wanted for everyone!

- Microsoft All Channels Marketing

I've had to uninstall OneDrive more than a dozen times because every time Microsoft office gets updated it pushes that install back onto the machine. Anytime Microsoft releases a new version of a large update to Windows, it pushes that client again. I have to uninstall it and make sure that none of my files have been forcefully moved to the OneDrive before I remove it.

Now they are doing this to capture your photos and facial profile data to do facial recognition and grouping.

Microsoft is the right hand man of the surveillance industry. They always have been and they are more so now. Now they're just more incompetent about it.

So that's it for GM. BMW already went that way, VW, and Toyota is starting to sniff out the subscription markets too.

I really wonder if there's going to be a car company out there that refuses to do this or everybody's going to be on the subscription bandwagon and we're all going to be looking for old non-smart vehicles.

Here comes the return of the carbureted cars. This is going to be great for the environment. But maybe the EVs from China will have enough people hacking them to make them at least free from manufacturers' subscriptions.

Any IBM project I've seen in the last two decades has been filled with outsourced Indian consultants that put in the hours warning their chairs and accomplish nothing only to be replaced by another bumbling Indian to do the same when there is no progress and complaints come in from management and new time extension contract needs to be signed for when time and materials exceed the estimated costs until the project fails.

IBM SameTime, Lotus Notes Mail server upgrades, Z/OS migrations, x390 upgrades, P-Series hardware refresh, TADDM CMDB inventory, BigFix patch management failures, and the list goes on. All IBM products and projects that I've had to help fix, implement, maintain until replacements can be installed and IBM garbage ripped out.

Teaching IBM mainframe consultants how to FTP files to their mainframe filesystem partitions to upgrade the z/OS shows how low that company is sunk after it moved to India since it fired all of their local US talent and mainframe guys.

Any project that IBM touches goes IBM Blue(TM) from asphyxiation and withers away and dies.

Now they are losing to AI on their inept services and software projects after failing to anticipate that is just par per course for their consulting business. Just as bad as Deloitte.

Microsoft is following on their heels now also, full of outsources and offshored Indians and people wonder why Windows 11 sucks so hard?!

The US techies are left scrambling for the few leftover IT jobs here to be taken over by AI after they implement the death knell for their back-office working bretherent. They are building their own AI terminators, first for the non techies who are the clerks and analysts, but then for themselves to snipe each other out of the few remaining jobs in the future maintaining the AI IT infrastructure.

I wouldn't be surprised if the Chinese strategy to destroy the US Bubble AI economy is by doing what they are best at which is copying American inventions and then releasing them and selling them cheaply even if they are slightly inferior but cheap enough and good enough.

They did this with American manufacturing, American EV vehicles, all the products sold made of chinesium on Amazon, and now they just have to continue the steal, distil, copy, and then undercut as a strategy to destroy the American AI companies who are way overcharging for their tokens and fees and subscriptions for usage.

The Chinese have been cut out of the Nvidia chips so they made their own cheaper but less capable but they can make them in volume and save tons of money. Now they just have to flood the American market with cheap local open AI models that are just good enough and cost a fraction or are even free to take down the biggest American AI companies.

Forgot the $4.4 billion debt of rotting and buried garbage pile of decomposing crap that's brewing and festering underneath with a $27.5 million profit and $601 million operating costs

$4,400 debt / $0,027.5 profit = 160 years to pay back + $601 garbage grinder operating costs to maintain the AI shit token blender

Holy crap, a $1.7 billion IPO on a $27.5 million profit company holding the wet trash bag of rotting tech failures and enshittifying them with AI garbage slop for subscription fees!

1,700.0 / 0,027.5 = 61 years + Useless Holdings

Wall Street is going to barf this IPO out faster than a cat's wet hairball!

Straight to the scammy money penny stocks with you!

The only Bending of Spoons that'll happen is from heaving all that AI slop enshittified excrement coming out of the BSP bunghole that these companies are producing.

Yeah the tiny little bump down is not the start of the AI bubble bursting, not just yet. The little blip on Tuesday got wiped out on Wednesday and it's back to normal with some reshifting of investments in Asia.

Except for SpaceX which is now dropping back to its $150 opening IPO price to the public. It's going to bounce back up but once again in insignificant single digit percentage increases which means that even with the upcoming increase just by a few percentage points, it makes no difference to retail investors since you can't swing enough volume to actually make a reasonable profit on it.

When I was younger watching the Dow Jones industrial average hit 10,000 was a massive event. And then it hits 20,000 followed by $30,000 and now it's at 51, 000. So if I took the money that I had when I was younger and working and saving money and just left it invested in that index? Or just a total stock index? Or even a technology index? I could have retired by now but that money got used on life and other things and and it didn't stay invested. So compound interest and all the growth in the last few decades didn't happen.