The term was well established centuries ago.
FRAUD
Comment on The RAM shortage is coming for everything you care about
bonenode@piefed.social 11 hours ago
I think calling it a RAM shortage is a bit incorrect. It is not like we are running out of raw materials or something else in the supply chain is broken. It’s shitty AI companies buying RAM that is not existing yet with money they don’t have. Unfortunately there’s no good term for that, I guess.
The term was well established centuries ago.
FRAUD
A mismatch between supply and demand is called a shortage. The source is irrelevant.
I like electron finance
Their exact location cannot be pinpointed; instead, they exist in a probability cloud where they are likely to be found at any given time.
That’s what this hype cycle is founded on. If I lend you $5, you have $5 you can lend further. Now, we each still have a right to $5, so we can lend that debt obligation again for $4.50. Now we have, somehow, a market value of $19.
Until someone looks, then it’s probably 0.
Yes there is: it’s a Ponzi scheme (AI companies will fail when they get no new funds to pay off the stockholders)
Are they paying off stockholders?
They are creating staggering shortsighted profits, so yes, they are doing that. And of course ignoring what a bubble does in the long run.
Unfortunately there’s no good term for that, I guess. Market manipulation?
It’s a racket, plain and simple. There used to be laws against this sort if thing.
It’s a racket, plain and simple. There used to be laws against this sort if thing.
Keyword: used to
I hope that it was worth it, and that America is great again. Let me just check some news articles… Oh my
It is a shortage caused by artificial demand rise.
It’s shitty AI companies buying RAM
It’s greedy manufacturers selling it all to them in the first place and other market segments be damned.
I’m no AI fan but the manufactures aren’t angels either.
If your boss offered you a raise for the same work, would you turn it down?
Not the same.
The money is fixed. You getting a raise means the money has to come from somewhere- which means the boss taking a pay cut or the customers paying more.
We have RAM supply shortage.
Now better? god…
kingofras@lemmy.world 11 hours ago
It’s called Imaginary Economics.
It tends to happen right before a capitalist system fails.
victorz@lemmy.world 10 hours ago
How often does this happen that we can claim this correlation? 🤔
Venator@lemmy.nz 6 hours ago
About once every 350 years… With a sample size of 3… 😅
victorz@lemmy.world 2 hours ago
Better than no samples I guess!
kingofras@lemmy.world 10 hours ago
It’s about to. The very nature of it, means you can only have a sample size of one.
victorz@lemmy.world 9 hours ago
And when do you predict this will occur? When should I have built my nuclear shelter so I know when to start building it?
blah3166@piefed.social 11 hours ago
Can I coin the term imagineomics?
UnderpantsWeevil@lemmy.world 6 hours ago
I’m not holding my breath.
We’ve been hearing about an AI crash practically since the hype train started.
vaultdweller013@sh.itjust.works 3 hours ago
People can see the trends and see how it will probably break down in some way, the problem is that the market can stay irrational longer than we can stay solvent. It helps that these dipshits seem to have forgotten that money equals abstract resources and creating new resource issues that’ll certainly put pressure on them in a more direct way either through legislation or via sabotage of required infrastructure.
boatswain@infosec.pub 10 hours ago
[citation needed]
1984@lemmy.today 10 hours ago
When has this happened before?