Post Akf9RXmiMossQ3FONM by mahryekuh@fosstodon.org
(DIR) More posts by mahryekuh@fosstodon.org
(DIR) Post #Akf8OO7Fl6odbpmkUq by futurebird@sauropods.win
2024-08-05T16:36:27Z
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If only someone, or several someones had been kind enough to warn everyone at AI isn't a money printing machine, that it was being oversold, and hyped.
(DIR) Post #Akf8ekNyjChBJLPQLQ by mogul@hachyderm.io
2024-08-05T16:37:57Z
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@futurebird and, directly counter to humanity coming through the climate crisis bruised but not broken!
(DIR) Post #Akf8hhy8AdLigSjNbM by mahryekuh@fosstodon.org
2024-08-05T16:38:19Z
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@futurebird Inb4 “we tried nothing and we’re out of ideas”
(DIR) Post #Akf8lKxtdjqwUtLryS by scobiform@fedi.freakshit.org
2024-08-05T16:39:30Z
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@futurebird *Listening to Public Enemy* Don't don't don't believe the hype.
(DIR) Post #Akf8nb0YxnAgphfyZE by futurebird@sauropods.win
2024-08-05T16:39:41Z
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@mogul I've seen other tech come online with far less naysaying and warnings fail.
(DIR) Post #Akf9EizfNhrxQ0C0gq by llewelly@sauropods.win
2024-08-05T16:45:58Z
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@futurebird to be clear, they never thought it would print real money. They just thought they'd have more time to spend the fake money.
(DIR) Post #Akf9MIzZwD455plZo0 by futurebird@sauropods.win
2024-08-05T16:47:21Z
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@llewelly yeah... but it doesn't doooo anything useful.
(DIR) Post #Akf9RXmiMossQ3FONM by mahryekuh@fosstodon.org
2024-08-05T16:48:15Z
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@futurebird Interestingly enough, capitalism might very well be the end if AI.AI isn’t profitable as it is, and we cannot afford it in multiple currencies (money, natural resources). Add to this the potential of many lawsuits due to mistakes made by AI, which I have no doubt we haven’t seen the peak of yet, and it will add legal bills on top of research, water, electricity, and more.
(DIR) Post #Akf9Y6WU7kjZtZmg5I by flying_saucers@mastodon.social
2024-08-05T16:48:31Z
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@futurebird I tried to tell people (artist friends/acquaintances) and they hounded me for being a tech bro and ai apologist and that I shouldn't tell them how to feel and go lick some boots lol
(DIR) Post #AkfB8jCjstMiF8ZkmW by GreenFire@mstdn.social
2024-08-05T16:59:20Z
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@futurebird I just watched a short explanation of this market turmoil and it puts pretty much the entire issue on Japan's monetary governor for drastically increasing their interest rates causing a twenty trillion dollar amount of movement out of western exchanges back into the Nikkei index so I'm not certain how much is due to the long overdue AI bubble bursting.
(DIR) Post #AkfBOrcsLCSEzmUkM4 by futurebird@sauropods.win
2024-08-05T17:09:56Z
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@GreenFire When there is a generalized crash it exposes who was set to sell at the first signs of instability and where. So, any sector that joined the panic isn't as confident as it pretends. Though, there will probably be some buy back over the week? And that's interesting too. IDK if it will stick the market hasn't made much sense to me for a long time.
(DIR) Post #AkfLcrqTJzSLGtAdrk by justafrog@mstdn.social
2024-08-05T19:04:48Z
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@futurebird Odd how nobody [fights off several people trying to cite sources] NOBODY warned us about any of this.
(DIR) Post #AkhjRzgKdEQ9behBGi by linebyline@bytetower.social
2024-08-06T22:41:11Z
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@futurebird Reminds me of that famous post about NFTs being easy to see as a scam in hindsight, but in fairness it was also easy to see at the beginning and all through the middle.