Comment on AI one-percenters seizing power forever is the real doomsday scenario, warns AI godfather
SCB@lemmy.world 8 months agoI love hearing these takes.
“TVs are just a fad. All the good content is on radio!”
“The Internet is just a sandbox for nerds. No normal person will use it.”
“AI is just a grift. It won’t ever be useful.”
Lmao sure Jan.
Sharklaser@sh.itjust.works 8 months ago
AI has been, is and will be very useful, but it’s in an over hype phase poised for a drop. I don’t think you understood what I was saying
SCB@lemmy.world 8 months ago
AI isn’t a stock.
SmoothIsFast@citizensgaming.com 8 months ago
No but investments into AI from companies has completely ballooned stock prices of certain companies, which is due for a correction.
This is exactly how investment capital works. You pump gain value on the up side and dump while getting into short positions to profit from the creation and implosion of a bubble. They then before a bubble burst draw up public support to unload the bags on. Risne repeat and move on, it’s the playbook for VC…
SCB@lemmy.world 8 months ago
Investment capital and stock purchases are different things.
VC means “venture capitalist” and the “venture” part is when you invest in a private (i.e. “doesn’t have stock”) company.
So no, this is not how any of this works.