cross-posted from: https://lemmy.ca/post/73158617
Burn baby burn!!!
“Many in the market feel we have no choice but for it to work out,”
Yes this is what it everyone feels like when they are in denial…
cross-posted from: https://lemmy.ca/post/73158617
Burn baby burn!!!
“Many in the market feel we have no choice but for it to work out,”
Yes this is what it everyone feels like when they are in denial…
The
20982008 crash was caused by the rate of mortgage growth beginning to slow. It was a confidence issue in MBS, similar to the AI bubble now. People are starting to lose confidence in their investments and wondering if it is still a good idea to buildout massive data centers.It was wild seeing the panic after DeepSeek. I have no idea what is propping it up after that.
I think they hope to keep it going based on vibes and keeping hardware so expensive (for others) that companies don’t opt to build their own local rigs to run a model that is probably “good enough” for a lot of tasks.
AI is not going anywhere, but the speculative fictions around all this are going to look wild in the aftermath, IMHO. Like tulip-bulb mania stupid. The notion that everyone needs “frontier models” all the time for all tasks and is going to pay enough in fees to do it just seems crazy to me.
People have been feeling shaky about the market for years. It’s all built on unicorn farts and nothing makes sense anymore.
At least my portfolio is hedged by defensive stocks if the crash happens.
I read that typo like a satire historical comment
Someone will falsely quote this post decades into the future as a prophecy for the crash of 2098.
I’ve added a reminder in my calendar for January 2098.
Lol like we’re going to have computers then. I’ll be happy if we get to keep indoor plumbing
Lol that’s why I quoted the original seconds after it was made. I’m no stranger to typos and spelling errors and the mocking that follows