Comment on Microsoft seemingly just revealed that OpenAI lost $11.5B last quarter

1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

• sobchak@programming.dev ⁨5⁩ ⁨months⁩ ago

  I don’t invest in these companies on principle. I ain’t going to fund the rise of fascism for stock gains. That won’t help me when I’m shot dead or in a camp.

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  • Flamekebab@piefed.social ⁨5⁩ ⁨months⁩ ago

    There’s always money to be made if one doesn’t stand for anything.

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    • sobchak@programming.dev ⁨5⁩ ⁨months⁩ ago

      Yeah, if I was a demon, I’d probably invest in surveillance, private prison companies, and whatever companies supply law enforcement equipment.

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  • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

    Nothing will help you when you are shot dead in a camp. You live your life until that happens, if that happens.

    But yeah, I understand your principles. The problem is that if only bad people have money, only bad people have power as well.

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    • sobchak@programming.dev ⁨5⁩ ⁨months⁩ ago

      I have enough money (for now). Divested from all tech during inauguration funding news, invested in European defence companies, and then just gold because all the crazy uncertainty about everything. Still made pretty good gains, but not as much as if I stayed in tech.

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      • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

        I missed both gold and defence… Now I dont know, what is the next thing to invest in? What do you think?

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• BananaTrifleViolin@lemmy.world ⁨5⁩ ⁨months⁩ ago

  The key is getting out at the right time, and that is weighed massively against small investors. The big investors and institions control the market and can move quickly while small investors cannot.

  Tesla is not doing well - look at its falling sales. It’s a risky stock to hold. The AI companies are also highly risky stocks to hold.

  That doesn’t mean don’t hold them - all anyone is saying really is that these are high risk investments, and at some point they are going to probably crash because it’s a bubble.

  That doesn’t necessarily mean “don’t invest”. It does certainly mean be prepared to get out fast and also only use money you can afford to lose when investing with such high risk stocks.

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  • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

    If you look at Tesla graph, or any other tech stock graph, you can see that nobody would have lost money if they didnt sell. They are all going up long term.

    Just dont sell, ever, until you retire. This is super hard to do but its what the charts show is actually best.

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• Alphane_Moon@lemmy.world ⁨5⁩ ⁨months⁩ ago

  What’s investment got to do with the article (or even the comments or people’s sentiment on the Threadiverse)?

  There are a wide variety of investment strategies depending on your situation and other factors. I don’t see how these are related to tech news discussions.

  I am not saying your are wrong or right, just an observation.

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  • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

    Negative news about stock bubbles = influencing people to not buy the tech stocks because they get scared. No?

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    • Alphane_Moon@lemmy.world ⁨5⁩ ⁨months⁩ ago

      Perhaps, but how do you know that this is an actual trend?

      An argument can be made that there are more people with your sentiment or perhaps the news about a bubble will attract short terms investors (trying to cash in as the wave is rising).

      Generally speaking, discussion on Threadi, even ones that mention bubbles in context of AI/Nvidia, don’t mention investment strategies.

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      • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

        I dont know if its an actual trend. But it would make sense that most people buy and sell based on what the media is telling them. I believe that most people trust what the media writes. They are not sceptical and cynical like me. :)

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• DivineDev@piefed.social ⁨5⁩ ⁨months⁩ ago

  This will no doubt keep working for a while, but eventually the bubble will burst. Without selling stocks just before that, chances are you’ll lose money, and since apparently a Nazi salute isn’t enough to crash a company nowadays, this shit completely unpredictable.

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  • RememberTheApollo_@lemmy.world ⁨5⁩ ⁨months⁩ ago

    Hang on… unless it tanks below his/her entry price they aren’t losing anything. Just gains that were missed by the drop in value, but selling at any time before that point will make them money (above any brokerage/trade fees).

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    • DivineDev@piefed.social ⁨5⁩ ⁨months⁩ ago

      Sure, if you’ve invested early that’s the case. If you invest now and there’s a crash in three month, you’re likely screwed. But maybe a crash happens in a couple years or not at all for some unforeseen reason and you might be alright, it’s basically impossible to know. The point is, the worth of all these tech companies is severely overinflated and trying to make money off of their stocks is definitely possible but risky. If you’re aware of that, go right ahead.

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      • RememberTheApollo_@lemmy.world ⁨5⁩ ⁨months⁩ ago

        Y’know, I’ve been hearing that drumbeat for well over a decade. News doesn’t sell if it isn’t bad. Eventually the Boys Crying Wolf will be right, but it certainly won’t be because of their prognosticating accuracy. The market has long stopped making sense.

        You cannot know what the market will do, and if you can figure it out, it’s already too late. If you want to assume the parent comment will actually lose money because they didn’t put stops in place or whatever, fine. My comment is still correct: If you sell above purchase price + fees and gains taxes, you don’t “lose” money. The rest is just making stuff up.

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  • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

    Of course its not enough. Stock market cares about money, not morals. They know negative emotions are temporary and doesnt last.

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    • Flamekebab@piefed.social ⁨5⁩ ⁨months⁩ ago

      You seem very convinced that glorified auto complete will lead to AGI…

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      • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

        No not agi, thats a dream we wont see in decades. But this is the start.

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    • avidamoeba@lemmy.ca ⁨5⁩ ⁨months⁩ ago

      If it’s a switch to a robotic AI society, where’s the profit gonna come from? The stock prices reflect expected future profits. If we have more work done by robots and AI, that work isn’t done by people, so people aren’t getting paid for it. Who’s gonna pay for this product to materialize these expected profits?

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      • 1984@lemmy.today ⁨5⁩ ⁨months⁩ ago

        Companies and governments are gonna buy robots, made by other robots. Typical scenarios include military, manifacturing, surveillance and so on.

        Today companies pay humans for those things. It will change as soon as robots can do a task.

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