This is a most excellent place for technology news and articles.
Can we do away with trillion dollar companies already,. please? They're not doing anything good for anyone, it always ends with some CEO's and shareholders enriching themselves over the backs of others
No company should ba r a worth of more than a billion dollars
No single person should have a net worth of over 10 million
Where the fuck do they get this money from? $300 billion is fucking nuts. And 1.4 trillion in costs is literally bigger than my countries' entire GDP (Australia)
Well, it's called One Rich Asshole Called Larry Ellison, after all... 🤷♂️
Any combination of:
Good.
If they kill oracle, will that kill the last Unix after IBM stole the parent OS of Solaris and put it into Novell's oubliette to reduce competition?
OpenAI’s mounting costs — set to hit $1.4 trillion
Sorry, but WTF!? $1.4 Trillion in costs? How are they going to make all of that back with just AI?
I think there's only one way they can make this back: if AI gets so good they can really replace most employees.
I don't think it will happen, but either way it's going to be an economic disaster. Either the most valuable companies in the world, offering services that the next couple of hundred companies in the world depend on, are suddenly bankrupt. Or suddenly everybody is unemployed.
1,400,000,000,000
I used to be amazed at how much a billion was, but this many 0s makes my head explode.
These must be bubble inflated costs to match the bubble inflated revenue.
Prediction: the bubble is real but financiers will find ways to kick the bull down the road until they can force enough adoption & ad insertion to not lose out. The other option is that we pay it, of course. Takes on which is worse?
They'll do both just like they did in 2007/2008. These AI companies and their investors will get bailed out while the rest of us lose our jobs and have to move back in with our parents in the van they already live in.
If LLMs fail and they invested: bailout
If LLMs succeed and they invested: rich
If LLMs fail and they passed: everyone else bailed out
If LLMs succeed and they passed: out of business
Therefore, the logical choice for a business is to invest in LLMs. The only mechanism to not do the stupid thing that everyone else is doing is gone.
How is a haunted typewriter supposed to replace all those employees?
i didn't ask how it suplexxed a train, i just stayed out of its way
I’ve tried explaining AI to people before and only could get so far before they fall back on “but it’s magic dude” but I love the idea of explaining it as a haunted typewriter.
Ok but if it gets so good it replaces all the employees, how do people have enough money to pay for their services?
Who cares about the money of people when they have all the money?
that's what they got excited about, no doubt. profit would go through the roof if they could take people out of the loop. nevermind the economy.
Do y'all think investors will wake up and realize that techbros are a bunch of fraudster scammers? Oracle deserves bankruptcy for being stupid with money. All my homies hate the AI-Bubble.
Bro even the way journalists talk about AI like it being a bet couldn't be more obvious that it's all a scam. If this AI-Bubble is profitable where are the actual god damn profits.
I imagine there's quite a few who believe it a fraud but want to profit anyway.
That's how every successful fraud works. If it's not attractive to people who see it's a fraud, it won't have their support. If it's hard to discover as a fraud, it's also hard to maintain and always has the risk of discovery.
So the best frauds are those where everyone knows it's a fraud, and plenty think it's a fraud they can profit from.
Personally, I am eyeballs deep in this industry and even I’m now hoping to see it all burn to the ground. I’ve already concluded that I’ll never make it to retirement in my field, probably because of automation. Fuck ‘em all.
The industry is not that bad, but it's just one of them.
People need art. And art doesn't survive in environments where there should be a winner and winner takes all.
Art is the social alternative of recessive genes. It allows to preserve more than needed "right now in this particular situation". Without art there's degeneracy.
Same for me... It's depressing. And I no faith the government will do anything besides make it worse. If we're lucky we'll get the Expanse 's version of basic.
Fuck yeah. More of this. A lot more.
The sheer amount of AI slop shorts on YouTube must be generating entire dollars in revenue by now. Who isn't entertained and eagerly awaiting the next five million videos of the same scenario over and over again?
Oh good. AI is collapsing and it's taking Oracle with it.
Good. Larry Ellison does not appear to be a force for good in the world. Steve Jobs had negative things to say about him and his obsession with increasing his billions.
Steve Jobs knew something about forces not for good.
Me, watching my company pivot to their cloud infrastructure: haha, I'm in danger
I understand why people keep using oracle, but i have never understood why anyone starts.
Because they have a series of ERP systems and services that some idiot CTO at the company looks at and goes: Yes, give me one of those.
Then once you're on that, you get pulled into more and more Oracle ecosystem shit and you think some day you'll have control and be able to get out. But you never do.
Oracle is like the loanshark of the tech industry.
Once you're in, you're in for life. Good fucking luck getting out.
