• OberonSwanson@sh.itjust.works
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    2 days ago

    Of course it is, it’s essentially a scam. They just need enough humans to keep investing until they check out and run with a bailout.

    • DeckPacker@piefed.social
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      2 days ago

      Funny thing is, the US government doesn’t even have nearly enough money to bail all these mfa out. So we are heading into uncharted territory here

      • OberonSwanson@sh.itjust.works
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        2 days ago

        Of course they don’t, that’s why they’re building bunkers. Thinking it’ll slow us down, as we’ll open their bunkers like cans of tuna. A bunker only works for so long, then the survivors start hunting for them like delicious shipwrecks.

      • Arghblarg@lemmy.ca
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        2 days ago

        And that’s why they’re trying underhanded tactics to inflate earnings and IPO directly into the index funds, so every American’s 401K will legally have to rebalance and invest in them. They’re racing to fleece retirement funds before the bubble bursts.

        Not financial advice, of course :p but people should really consider getting their stuff out and into self-directed funds or whatever it is US people do to not depend on auto-allocated funds.

    • Yliaster@lemmy.world
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      2 days ago

      I don’t get why companies get to legally bailout like this. Why do people have to suffer for their bullshit? Enslave the CEOs if you have to make things right, leave the people out of it.

      • Shellofbiomatter@lemmus.org
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        1 day ago

        That’s simple, because the people making laws and overseeing the adherence to those laws are great buddies with those same CEOs.

        So, corruption.

        Though i do agree with you, there is no such thing as too big to fail. Government shouldn’t have any handouts to corporations.

        • Yliaster@lemmy.world
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          1 day ago

          These levels of corruption are frustrating; money shouldn’t decide the law.

          No handouts to corporations, indeed. Make them pay.

      • Wildmimic@anarchist.nexus
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        2 days ago

        Both Uber and Spotify (and AWS too) had economics of scale going for them - the more users they have, the more the infrastructure could be leveraged. This does NOT work for LLMs. More users means using more compute, more advanced tasks (like coding) uses exponential amounts of compute. A single user running a complex task can make 8 Blackwell GPUs run full tilt, and you don’t even have any guarantee that the output will be useable.

        There are a few narrow areas where LLMs might be successful, like scanning for security vulnerabilities or searching large amounts of documents. The massive amount of money invested will never be recouped with these usage scenarios.

      • T156@lemmy.world
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        2 days ago

        Although, most people aren’t talking about Alphafold when they’re talking about AI. They’re usually specifically referring to the generative transformer models that are currently all the rage.

        I doubt anyone would care too much about a linear regression model, or multi-layer peceptron , for example.

      • ThirdConsul@lemmy.zip
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        2 days ago

        solving something like the Erdős unit distance conjecture

        Tell me you listen to media news cycle without understanding what that actually mean without telling me that.

        That’s not exactly what happened, isn’t it.

        Not to bring up what’s also been accomplished in cyber security

        Multiple new vectors of attacks, automation of attack pipelines…