this post was submitted on 31 Jan 2026
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[–] MentalEdge@sopuli.xyz 155 points 1 week ago* (last edited 1 week ago) (2 children)

Looks at numbers.

Subtracts money being spent, from money being earned.

Huh.

Are you sure?

[–] shittydwarf@piefed.social 62 points 1 week ago (3 children)
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[–] surewhynotlem@lemmy.world 9 points 1 week ago
[–] kadu@scribe.disroot.org 146 points 1 week ago (6 children)

The issue with lies, and any good liar will tell you that, is that once you lie you need to maintain that lie forever. You keep adding new lies, new layers, new context, and this house of cards becomes more and more convoluted, large, and fragile. It takes one piece to fall for everything to come down, yet, because everything is a chain of lies, you can't stop.

So imagine what happens when you take the most valuable GPU company and go all in on AI, creating insane investments into everything that happens to use those two letters, purposely entering into circles where one company invests into another that invests back into the same company.

You can't get out, you're too far deep into the web of lies. You are so deep you must convince yourself with your own lies, because you added so many and everything is so fragile that your own mind is now an obstacle.

Good fucking luck when it crashes down.

[–] Lost_My_Mind@lemmy.world 28 points 1 week ago* (last edited 1 week ago) (2 children)

Can confirm. As far as my mom in 1998 knew, I didn't have access to the internet. I needed the password to go on her Earthlink 56k internet account.

I'm 42 now, and my mom STILL thinks I never knew her password.

I'm 42 years old, and still remember it, because of how many times 15 year old me typed that in.

I guess I don't need to "maintain" that lie anymore. I can't imagine a scenario where my 70+ year old mother will ask me about that exact situation, or why it would matter today.

[–] RamRabbit@lemmy.world 24 points 1 week ago* (last edited 1 week ago) (1 children)

Edit: Vast majority of people have crap password management practices. :)

[–] Lost_My_Mind@lemmy.world 11 points 1 week ago (1 children)

Didn't even think of that. Changed it.

[–] Deceptichum@quokk.au 18 points 1 week ago (1 children)

You can however share her maiden name, name of her first pet, and favourite movie - those are 3 harmless questions.

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[–] andallthat@lemmy.world 22 points 1 week ago* (last edited 1 week ago)

I have always known. Love. -Mum

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[–] gravitas_deficiency@sh.itjust.works 110 points 1 week ago (1 children)

Snake oil salesman says snake oil market is stronger than it’s ever been

[–] other_cat@piefed.zip 6 points 1 week ago

Given how many scams have surged in recent years, I kind of agree with that parody statement.

[–] BarneyPiccolo@lemmy.today 66 points 1 week ago (5 children)

We are officially at the denial stage of this developing economic disaster.

At least they already fired everybody, in anticipation of their wild AI success. Hopefully, some of these companies will pivot, and figure out how to actually survive, and they'll have to hire a lot of people to replace their AI.

[–] echodot@feddit.uk 19 points 1 week ago* (last edited 1 week ago) (1 children)

See we keep getting told that AI is a great success and also a threat to humanity and that it's going to take over the world in 5 minutes if we're not careful. It has been literally years now and nothing has happened.

If that isn't evidence of a bubble I don't know what is. But somehow the complete lack of any meaningful progress seems to convince people even more

[–] 4am@lemmy.zip 22 points 1 week ago

LLMs like what is being overhyped cannot take over the world.

They are not constant-thought processors. They are the most overbuilt autocomplete of all time.

The “take over the world” problem is the capitalists who see dollar signs in automating away humans.

[–] jj4211@lemmy.world 7 points 1 week ago

A lot of the "AI" layoffs were using it as a plausible excuse for layoffs they wanted to do anyway. So I don't anticipate a lot of them coming back.

[–] Aqarius@lemmy.world 6 points 1 week ago (1 children)

IDK, the Altman talk a few days ago sounded a lot like bargaining.

[–] dustyData@lemmy.world 7 points 1 week ago

It's OK, these stages are not supposed to be sequential. They can go through them in any order, and even cyclically return to other stages. Even full acceptance can be relapsed from time to time.

[–] sobchak@programming.dev 6 points 1 week ago

They're firing people living HCOL countries, and hiring in LCOL countries, using AI as cover.

[–] unlawful_combatant@lemmy.world 6 points 1 week ago (1 children)

If the current capabilities were enough to eliminate some human jobs, then they aren't coming back. Someone else will offer up a cheap ai solution when the giants fall as the open source and Chinese models catch up and surpass them.

[–] hitmyspot@aussie.zone 13 points 1 week ago (1 children)

If ai allows the improvements hoped for, it's likely to increase productivity for humanity just like all other major advances did.

It's politics and laws that decide who benefits from it. Under our current systems, wealthy people and corporations benefit, but likey we'll see increasing taxes on ai output and increases in ubi type schemes for people.

AI is a bubble currently but it is an advancement in tech that provides benefit. Just nowhere near the benefit to be actual intelligence.

Human jobs get eliminated by new tech all the time. This just has and will be rapid, which leads to upheaval. Unfortunately, it's precisely at a time when the world is already moving towards war and authoritarianism, so it's particularly bad timing.

[–] group_hug@sh.itjust.works 10 points 1 week ago (2 children)

The world isn't moving towards war and authoritarianism. It's being pushed there by the very people that own the AI companies.

[–] hitmyspot@aussie.zone 7 points 1 week ago

Being pushed there or going there naturally, it's still moving that direction.

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[–] LadyAutumn@lemmy.blahaj.zone 46 points 1 week ago (7 children)

The 2026 global financial crisis will be really interesting to live through I'm sure.

[–] Sybilvane@lemmy.ca 18 points 1 week ago

I am growing quite sick of living in interesting times...

[–] AlecSadler@lemmy.dbzer0.com 12 points 1 week ago (1 children)

Compound it with Trump taking over the federal reserve.

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[–] MyOpinion@lemmy.myserv.one 37 points 1 week ago

Let hope it not only stalls but vaporizes.

[–] kokesh@lemmy.world 33 points 1 week ago (1 children)
[–] jabjoe@feddit.uk 7 points 1 week ago (6 children)

With the amount of money in this bubble, it would be better if slowly deflated instead popped.

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[–] thedeadwalking4242@lemmy.world 27 points 1 week ago (1 children)

I hope this looser and his little leather jackets get fired no golden parachute and lives the rest of his life working retail

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[–] Prove_your_argument@piefed.social 24 points 1 week ago* (last edited 1 week ago) (3 children)

They would be insane to prop up OpenAI beyond at cost hardware or cuda integration support / tooling.

The steam is running out on funding. It was a one time event, like crypto.

They will regress to what they were before. Pushing horridly overpriced workstation cards and price gouging gamers and pumping out substandard garbage cards for prebuilt “gaming” pcs assembled by others with a shitload of flashy lights and no substance.

You can bet they will continue to develop proprietary standards akin to Sony to try and accomplish another big win that makes them quadrillionaires.

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[–] BeatTakeshi@lemmy.world 23 points 1 week ago
[–] billwashere@lemmy.world 16 points 1 week ago (1 children)

The whole thing some like some giant check kiting scam or some weird looping Ponzi scheme. I’m going to invest money into your company so you can buy more of my products. Where is all the money coming from in the first place? Neither of these companies should be worth as much as they are.

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[–] tio_bira@lemmy.world 16 points 1 week ago (1 children)

I hope Nvidia fcking brokes and back on his knees begging for his old clients who used to bought their gpus to buy the shitiest new version of the non improved but twice as expensive product.

[–] inclementimmigrant@lemmy.world 22 points 1 week ago (5 children)

If your talking about gamers, let's be real here. They'll lap up whatever scraps and bullshit Nvidia will give them and then thank Nvidia for gouging them.

I mean look at the recent stream surveys.

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[–] fubarx@lemmy.world 11 points 1 week ago
[–] boaratio@lemmy.world 11 points 1 week ago (3 children)

Just a great guy doing great things.

[–] phoenixz@lemmy.ca 9 points 1 week ago (2 children)

Rock stars doing this stuff somewhat makes sense, it's all in good fun, and who hasn't had a crush on some celebrity singer or actor?

but a CEO? Seriously?

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[–] Duke_Nukem_1990@feddit.org 7 points 1 week ago (13 children)

I mean, seems like that's what the person wanted, no?

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[–] Mulligrubs@lemmy.world 8 points 1 week ago

Never trust a man in his 70s wearing a new shiny leather coat.

Everybody knows this, right? It's a general rule, like never accepting a ride in a white cargo van.

[–] 6nk06@sh.itjust.works 7 points 1 week ago (1 children)
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[–] Mwa@thelemmy.club 6 points 1 week ago

Does this mean the AI Bubble will burst?

[–] cyberpunk007@lemmy.ca 6 points 1 week ago

Obviously. Take it till you make it.

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