I for one look forward to the humorous Adam McKay movie explaining how we all lost all our pensions over this.
Wonder who will be in the bathtub explaining it this time
Not Patrick Stewart
What the fuck, dude.
Behave
Too soon!
Live, laugh toaster bath.
Nicki Minaj.
I hope her career dies along with Trump
that’ll be when they make some special exceptions to IPO openAI/anthrop8c into sp500 from the start like they did woth spaceX.
This is also what made the pensions shoot up 2x in about the last 4 years, so meh.
So what you’re saying is it’s time for a bank run?
Burn, baby, burn. 🔥
DISCO INFERNO!
Well struck, sir!
Gazoline is at a record high, but I will happily fund a Jerrican to feed this fire.
I asked chatgpt, it said this is fine.
I asked my penis, she said start using the bitch. I said I beat you daily and she starts talking about ass and pussy and it’s like I might be the second coming but I ain’t no miracle worker, aight? Fucking get off my dick already, you fucking dick, amirite?
deleted by creator
Begun the AI Crash has.
Don’t get our hopes up, Yoda
More ketamine, I must have. Crashed my Honda Civic, I did. Looking forward to withdrawals, I am not.
If yoda is in a K-hole, would he speak normally because he is not human or just have normal khole symptoms.
Yodas dialect is just old as dirt and it shifts in and out depending on how much of ass he is being. Presumably much like real accents and dialects it probably gets noticeably thicker the higher he is, for example I have a weird mix of dialects from my region so when tired enough I sound like a Okie with a brogue thrown in.
Not enough. I want them burning. I want their CEOs, the Epstein class, strapped to the walls and the people pissing on them.
We’re gonna see a bloodbath as the whole thing teeters over the edge and then falls. Trade wars, real war, stupid decisions from an orange asshole. It’ll all add up. We’re about to be cooked.
I’ll toss some oregano under my pits. If we’re getting cooked I wanna smell tasty.
anyone notice their search engine enshittify with dates? an advance search let you search between points in time, like between 2010 and 2012 specifically. you can’t do that anymore. other search parameters are gone. along with renaming lake ontario it’s the equivalent of history book burning.
You can still search between dates, but not from the advance search page directly. After you search, if you hit “Tools” it let’s you choose a date range.
Or just type the flag in. after:2020 before:2026
Do a search, and in the results page, click on the “Tools” dropdown, go to “Any time”, and then “Custom range…”.
Intel is down, AMD is down, SpaceX is going down slowly. Amazon dropped like a rock at the same time as Intel and AMD, but they seemed to have climbed out of the ditch somewhat, but as of yet still not up to where they were before 4pm CET yesterday.
Nvidia is also down, but not by much. In fact, a lot of America is down in stocks at the moment, while Europe is going up in stocks.
Every big financial crisis has a few pump and dumps along the road before the real sell-off starts, which is all in the hands of the actual elite.
Intel is down, AMD is down, SpaceX is going down slowly.
Off of stratospheric highs. They’re now merely overvalued, rather than extremely overvalued
Their worst day so far.
“value” lol
Maybe they should fire couple more stuff.
Artist credit?
It’s from Non Sequitur, by Wiley Miller. Not sure if he’s still active but his comics have been in print for decades.
It was just an image I’d saved from years ago. I believe I’ve found a less cropped version, and from that, the origin url, but not a direct link.
If I’m correct, the artist is Wiley Miller.
Rookie numbers. I’d love to see this doubled.
But it’s not a bubble, right?
It clearly is a bubble. But that doesn’t automatically mean AI is useless. The .com bubble was the biggest of them all, but lots of companies survived and business largely moved online. The data centres (which nobody likes but which is clearly providing some value to somebody, whether we like it or not) don’t disappear overnight if the bubble bursts.
The AI bubble is bigger than the dotcom bubble. It’s bigger than the subprime bubble. We are still living in the wreckage of that bubble, 18 years later.
It’s even more “funny” that just that: there are several bubbles going on right now, not just the AI, most notably a massive realestate bubble and also bubbles in things like car loans in the US.
Further, consumer indebness is again at record levels, worse even than 2007.
In other words, it’s like a mix of the dotcom bubble (this time around with a tech stack that delivers at best a lower return on investment than the Internet) AND the 2007 bubble of overvalued realestate and people deep in debt (with the personal finances of most people worst on this side of 2007 than they were on the other side so there’s a higher probability of defaults) AND a bunch of smaller unpopped bubbles all over the place.
I expect that when one of the big ones goes the resulting consumer retrenchment and pullback from both lenders and investors is going to cause the other bubbles to blow up (as loans are recalled, not rolled over or defaulted on, consumption falls and investors desperatelly try to exit their riskier positions) and the full result will be at least as bad as 2000 and 2008 combined, possibly worse.
This is one of the AI apocalypses I do worry about. That and the Idiocracy/slopocalypse one.
Never said it wasn’t lol. But the way that narcissitic capitalists are rewarded by capitalism is why the implementation is the issue.
The only value being provided are to the billionaires who continue to get more wealthy to a point in which they literally control politics without being elected.
And just like the 08 recession they’re going to try their damndest for the only form of socialism they support: corporate socialism. Privatize the gains, and in this case, socialize the losses. They’re going to seek bailouts so that when their circular financing crumbles they drift down on golden parachutes while our tax dollars fund them, the burning of our atmosphere, the contamination of our air, our drinking water, and our very minds as their sycophancy psychosis machines run rampant and delude people into entirely false realities.
Motherfuckers socialized their own sycophancy, they insulated themselves with greedy yes men who just want their money. They then built machines that do the same to us, isolating us and agreeing with every idea we have.
That is a frankly absurd amount of money to lose in a single day and not go out of business!
Well they didn’t actually lose any money just that some shareholders sold it for less than they bought it for today.
Maybe not even that. The people who bought at the top might not be the ones who sold. The ones who sold might be long-term investors who are still in the black because of the stock’s huge growth in the last 5 years. Someone who bought the stock exactly a year ago is only down about 1.5%. Someone who bought 5 years ago has almost doubled their money.
All that has really happened is that the collective opinion of all Alphabet shareholders is that the company was overvalued by about 15% compared to what they thought it was a couple of days ago.
The degree to which share price discovery is fundamentally rooted in optimistic speculation, as opposed to any actual evidence… at some point talking about “value” becomes a little weird. “Overvalued by 15%” reads like a chemist doing a titration.
People were more interested in selling than buying yesterday.
I hate capitalism.
I bought a block of cheese for $10. Yesterday someone offered me $12 for it. Today someone offered me $8 for it. Where did the $4 go?
The company hasn’t lost anything. The investors in the company lost money.
