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Comment on Everyday AI looks more like the '08 housing bubble

What was left after the cryptocurrency crash? A whole lot of GPUs that got repurposed for AI. They’ll just get repurposed for whatever extremely computationally intensive thing some computer engineer comes up with. Until that bubble bursts, rinse and repeat. What’s happening is project managers are selling the next big thing to make a lot of capital really quickly to a board of directors.

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mojofrododojo@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

They’ll just get repurposed for whatever extremely computationally intensive thing some computer engineer comes up with.

these are for AI, purpose built bespoke solutions to LLM problems. they’ll age like fine piss.

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- jumping_redditor@sh.itjust.works ⁨1⁩ ⁨week⁩ ago
  they can probably be repurposed as general purpose matrix math accelerators
  
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  - mojofrododojo@lemmy.world ⁨1⁩ ⁨week⁩ ago
    large market there
    
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zbyte64@awful.systems ⁨2⁩ ⁨weeks⁩ ago
Where does the capital come from though? Someone has to pay for the shovels and if there isn’t a profit now, how will they pay for the next bubble?

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- InputZero@lemmy.world ⁨1⁩ ⁨week⁩ ago
  The capital comes from the profits from other markets. Which comes from exploiting workers. The original investment didn’t just spontaneously expose itself, people chose to flow money into it. They’ll pay for the next bubble with the profits C-suit executives stole from their workers and the little guy. They will take what should have been yours and bet it away on some fever dream that was doomed to fail from the beginning. All in the hopes that they might make their wealth get more outrageously excessive before this bubble bursts and they try again on the next.
  
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