Big tech boss tells delegates at Davos that broader global use is essential if technology is to deliver lasting growth
Translation:
“AI bubble could burst without us shoehorning it into everything, Microsoft chief Satya Nadella warns”
Big tech boss tells delegates at Davos that broader global use is essential if technology is to deliver lasting growth
Let me rephrase:
“Smart” entitled person says our product is not showing value, so we need to force people to use it more than we already are after years of cramming it down their throats.
Has there ever been a true world-changing invention where the “inventors” had to beg the public to use it?
Honestly, look at how many people were actually against electricity. People have been fucking morons forever.
( I’m not at all in favor of AI. In fact, very much against it.)
Fuck AI, and fuck MicroSlop.
Sure, some people were initially against electricity. But, it’s not like they had to beg people to use it. There was enough demand that the main issue was deciding between AC and DC, not whether to do it at all.
Not much of a “boom” then is it?
The stone hasn’t bled enough. Squeeze harder.
- The American Economy
I can’t wait for the full on gaslighting to start. They’re going to tell us that the economy will fall into recession if we don’t embrace AI.
Capitalism: “The customers get decide what suceeds and what fails!”
Capitalism: “What a load of horseshit, and they’ll eat it up, too, the idiots.”
Always incredible to me how staunch supporters of capitalism are routinely ok with handouts to the tune of billions of dollars when they aren’t getting any real benefit. They’re even the type say they don’t negotiate with terrorists and I guess they’re right, since they just immediately fall to their demands.
So they‘re finally reaching the „we could fail…“ stage of the hype cycle. This is great news, actually. The sooner this charade ends the lesser destructive it will be. Even when it already caused devastating damage to society.
Man, I cannot wait for the comedy movies that come out based on this farce, explaining exactly how these jokers lost all their money.
Lost? More like took all our money.
The best comedies will be made by them… like the NFT cartoon that was made using the bored ape pictures that was so bad that even the biggest advocates of NFTs had no idea what the hell they were doing.
You guys remember NFTs? I hope we get to move on from AI the same way…
Here’s hoping.
How can anyone forget NFTs? I never understood them and from what I understand they were probably a giant money laundering scheme.
Unless someone bails them out.
Who’s going to do that? Everyone with any money is already leveraged up to the eyeballs in this shit.
oh honey, it’s going to be tax dollars
So you’re saying they’re too big to fail?
Oh, we’ll see about that.
The key difference between tech giants and the banks, is the tech giants aren’t holding everyone’s money hostage.
Sure, those gen Z kids will lose all their photos of grandma because they couldn’t fathom a world without Instagram, but we’ll cope.
No, but when the AI bubble bursts it will wipe out between roughly 40% and 60% of the value of the US’s stock market, depending on which estimate you go by. For comparison, the initial crash of 1929 saw the stock market losing around a third of its value.
So either the government does bail them out, or it’ll be worse than that crash was.
Neither option is good for the little people
Come on guys, the copilot button is right there…
getting nervous
Any moment you want! Hehe.
sweating intensely
Just right there for the clicking to improve your life.
Looks over his shoulder at the pile of money that’s burning to ash
Oh no! Anyway…
I’m not an AI hater but make literally one functioning AI product bro before you say that
“AI” meeting transcription is pretty handy
Microslop chief Satya Nadella warns
It’s nice to wake up to good news.
“For this not to be a bubble by definition, it requires that the benefits of this are much more evenly spread,”
I would correct that to say ‘for this to not be a bubble by definition, it requires that the benefits of this a. Exist and b. Are significant enough to justify the extreme costs of building these systems’
Right now I don’t see anything coming out of this that justifies even 1/10 of the $trillions being poured into AI.
In fact I think you could make an argument that the net result is negative, even for businesses that adopt it, due to the increased prices they will pay for hardware over the next few years. If it makes your employees 5% more efficient great, if it makes your technology 50% more expensive in return, not so great.
