Is the AI Conveyor Belt of Capital About to Stop?
Is the AI Conveyor Belt of Capital About to Stop?
gizmodo.com
Is the AI Conveyor Belt of Capital About to Stop?
19 comments
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Nvidia announced that it would invest $100 billion into OpenAI, OpenAI announced that it would pay $300 billion to Oracle for computing power, and Oracle announced it would buy $40 billion worth of chips from Nvidia.
I can't help but feel like we both just ate shit for nothing." "That's not true", responded the second economist. "We increased the GDP by $200!"
Except the way it actually works is Larry, Jensen, and Sam keep the money while the rest of us eat shit.
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Is anyone going to talk about how the amounts don’t remotely match up? If you just cancel them all out, you still get Open AI buying $160 billion in Oracle compute.
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reads title of article
Verbally said "god I hope so."Then I read the article, and now I'm just thinking I hope it all burns immediately. I want to see the data center fires from my house.
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Have you seen this?
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I'm at work right now but holy @#%^ that's one hell of a title. I'll be sure to check it out when I can.
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I could care less about the immediate “no” answer to the clickbait headline, but the real question posited by the article is “when is it going to stop, since it is clear that this is all hype and nothing more?”
How does one short this clearly impending financial disaster? Assuming that realistically it cannot go on forever, and that when it crashes it doesnt take the entire world economy with it. Although that is surely possible as well, in which case shorting anything would be a waste of time. But seriously, I dont see how more and more on wall street arent taking aim at the biggest hype bubble the world has ever seen
Also, secondly, why the fuck is Ted Cruz on stage in this photo?
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So you care a little bit about the clickbait headline? What an odd way of expressing that.
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Just remember, the market can remain irrational longer than you can remain solvent. Unless you happen to be a billionaire.
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On the other side of the deal, OpenAI will have to pay about $60 billion per year to fit the bill for the agreement. It currently generates about $10 billion in revenue, which, statistically speaking, is less than $60 billion.
ok.
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The company’s development and expansion of its services will rely in no small part on massive data center projects, which will require the same amount of energy to operate as New York City and San Diego combined—energy that currently isn’t even available.
In that case, there is a little but fundamental problem. It is based on basic physics: You can fake securities or earnings, or you can print money. But you can't fake energy because that violates the laws of physics.
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What if we turned off all the poor people's power nation-wide, would that be enough?
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no.
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Any article that asks a yes/no question is always 'no.'
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ah, that makes sense
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I’ll just offer some facts as a counterpoint to the prevailing narrative here.
My employer, a major multinational tech company, is pushing AI use internally so hard it hurts. After studying it they announced it was saving our software engineers about 4 hours a week net, or half a day. Thats as of now with adoption still growing and new tools being explored constantly. Half a day weekly is 10% of our software engineering budget which is a large number, and the company will without a doubt pay a significant sum to continue getting that benefit to get more out of their staff, who are their biggest cost of doing business.
I live in the dissonance between, on the one hand, the narrative in places like Lemmy that AI is shit and doesn’t do anything right and these companies have no monetization plan, and on the other hand, seeing it dramatically change my enterprise workplace and provide real value.
Yes engineers are confirming to my very own ears that they are using AI tools and they have their uses and save them time and toil. For example, we had one version update to push through hundreds of teams all with disparate front end code, and it was not possible to just script the update for them all because custom integration work would always be needed, but we did come up with a prompt that could use a set of documentation and entity mappings to accomplish the update in under a minute with a high rate of success. This is just how things are staring to get done. It hasn’t replaced engineers, but it is fast becoming one of their most powerful tools.
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Are brown shoes like a fashion thing among these people, kind strange that in the photo they all have brown shoes
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The powerbrokers have gotten into fashion trends, they absolutely do shit like this.
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19 comments
Look I'm ready to see people come to their senses about this "AI" crap, but the answer is no.
First thing I thought of after reading it.
Is Betteridge's law ever wrong?
No.