Opened inkscape for the first time and put together something now that these ai companies are just flat out saying that we don’t deserve ram.
Opened inkscape for the first time and put together something now that these ai companies are just flat out saying that we don’t deserve ram.
Investment firms do, which are the ones giving them money.
In effect, yes, that is how it works and they do get money from it.
Investment firms like returns
They’re just starting to realize they’ll never see one from this, and once it’s apparent to enough of them, the spigot is gonna close
Investment firms create returns through market manipulation.
Thats all these AI firms are to them. The product itself is irrelevant. A funding round increases speculation.
They make money on it going up, and they make money on it going down. Don’t expect them to stop shoveling money in just because its “unprofitable” for the company they are investing in.
The stock valuation is the only profit they need.
They only make money on it going down if they get the right valuation and find a big enough sucker to buy their shares
Something they have historically been extremely good at, yes.
Pershing Square in 2020 is the most recent one I can think of. In terms of industries you’ve got the obvious subprime market example, the telecom industry in the late 90s, and probably the best example of an entirely fake industry - forestry/reverse mergers about 15 years ago with Chinese Forestry companies that were basically complete fabrications.
This is what they do.
Edit: typo, should have been 15 not 25.
The subprime mortgage shit was only profitable because they got bailed out by the government tho
Hopefully it doesn’t happen again, but if it does, the difference is that AI companies, if bailed out directly, would immediately lose all of the bailout money. If the banks got bailed out, I doubt they would give any more money to the AI people
It was bailed out because the people who drop cash into elections (large investors) would have been impacted.
If it got to bailout for AI, they’d profit from the bailout, talk it up for retail, have their market news correspondents talk up about how there is huge profit to be made to get more retail investors (ie: bagholders) roped in, and profit off the drop.
This is what history tells me, you can come to your own conclusions of course, but IMO… AI is just the newest vehicle for the same story we’ve seen cycle (faster every time it seems) over the past… Well, century at this point. Maybe more but before the stock market I’m without examples I’m personally aware of.
I hear what you’re saying, but I think people have finally become wise to their game, so it would be interesting to see how they react to it this time around (especially considering how much less they have to justify it this time around)
Considering the number of people voting directly against their interests or the number who get duped into thinking AGI is currently realistic, I have my doubts.
We’ll see though, because its definitely coming