Technology

They'll move on to the next big thing, just like they did after bitcoin.

I'm visualising that scene from IT Crowd with the boss stepping out the window...

There were when the first Ethereum bubble burst. That was one easier for the average person to get into with gamer GPUs, and they flooded the market on eBay as soon as it was no longer profitable.

Bitcoin won't do that, because it hasn't been based on GPUs for a long, long time. Ethereum doesn't even work like that anymore.

The AI bubble popping will only flood the market with GPUs that are useful for running AI models. The GPUs in AI datacenters often don't even have a display output connector. I think Corey is overstating his case on that one. Most likely, those GPUs are headed to the landfill.

Dude this. Looking up how to pull off pci passthrough on an SBC I have as well as answer a few lingering filesystem questions I get nothing but slop. The useful shit isn’t even visible anymore. And if I ask chatGPT to sift through it all, it can’t do it either, instead regurgitating all the slop it can’t make sense of either.

We are looking at the destruction of the greatest library in mankind’s history. Because NVIDIA’s line must go up.

nope, its useful for propaganda still, especially dimwits like conservatives that cant tell the difference.

They will ruin it, and then move onto the next thing to subsume and destroy forever.

completely uncharted territory. No one tried to cook a potato until Sam Altman graced us plebs with ChatGPT

Local models are actually pretty great! They are not great at everything... but for what most people are using LLMs for they do a fine job.

Thats from llama3.1:8b and the answer is decent, it took about 20seconds to generate my answer and used no more power than if I were to play a video game for the same amount of time.

They'll ask their parents, or look up cooking instructions on actual websites.

the same way they did in 2021

As stupid as it is: Faith is what keeps bubbles afloat. Faith can go a long way towards forcing reality to what you want it to be, and if you have the wealth, you can play nearly endless money-games to make it seem like you're ahead when you're actually losing your shorts.

The reason there is so much faith is because this is a make it or break it moment for late stage capitalism. The businesses (including non-AI businesses) viscerally need it to work so they can get rid of human workers. If they can't make humans slaves, they will make digital slaves. This may be a last gasp for the old order if it fails because so many entrenched companies from automobile makers like GM and Ford to airframe makers like Boeing to general electronics like General Electric have finances that are literally upside down because they have been using stock buybacks to fake growth for the better part of two decades now absolutely need it to happen to stay afloat.

It is difficult to get a man to understand something, when his salary depends on his not understanding it.

This quote by Upton Sinclair is usually used to describe lower level employees who don't understand how unionization could be good for them, but it applies here as well. The faith persists because this is their "salaries" that depend on this working so the bottom doesn't fall out from under them. They have to believe it will work and as such will keep dumping money into it as long as humanly possible.

AI is like Theranos but bigger and affecting numerous industries who are all betting the future of their companies on this all working out. For their livelihoods and their plan to continue ignoring all the little people in the world, there is no losing state they can or will accept until they are on the edge and about to leap from the top of their buildings to avoid the consequences.

Once the faith breaks, it will be like a dam breaking and flooding out too fast to escape.

Venture capital drying up.

Here's the thing... No LLM provider's business is making a profit. None of them. Not OpenAI. Not Anthropic. Not even Google (they're profitable in other areas, obviously). OpenAI optimistically believes it might start being profitable in 2029.

What's keeping them afloat? Venture capital. And what happens when those investors decide to stop throwing good money after bad?

BOOM.

🎼You can't stop, techno pop 🎷🎹

This is a great question. Eventually the companies must run out of gullible investors, right?

You're right about commercial ai.

Open weight visuals models ? Wan, Qwen, Flux and Stable Diffusion before, most of their usages is for NSFW.