Submitted 2 days ago by youradhere@feddit.org to technology@lemmy.world
Can we do away with trillion dollar companies already,. please? They’re not doing anything good for anyone, it always ends with some CEO’s and shareholders enriching themselves over the backs of others
No company should ba r a worth of more than a billion dollars
No single person should have a net worth of over 10 million
to be fair amazon has revenues of 700 billion a year. apple is like 400. You can tax the profits down to nothing but like, we can’t all get iPhones if apple is worth 1billion. im not even sure if they can make an iPhone with 1 billion
im gonna lose all my photos if they are worth a billion dollars and no new phone.
This is some weird mental hoops you are going through to reach that conclusion.
You have to imagine a world before enshittification , where interoperability was a thing and your media wasn’t held hostage behind a gated platform.
I’d just like to bring Immich (Self-Hosted) and Ente (Service or Self-Hosted) to your attention as ethical alternatives to Apples walled garden Photo storage. Hope you have a nice day :)
Under any system where people have power over others, power will begin to concentrate into fewer and fewer hands, until it becomes a problem. The only solution is anarchism.
This guy says he wants us to shoot him!
Oh good. AI is collapsing and it’s taking Oracle with it.
Me, watching my company pivot to their cloud infrastructure: haha, I’m in danger
I understand why people keep using oracle, but i have never understood why anyone starts.
I’ve been telling my employer that they should be moving away from the Microsoft cloud for a whole bunch of reasons. Someone said they’re aware of it, so with the speed stuff here is moving, we might actually move to something else in 10 years.
But personally I wouldn’t lose any sleep if the whole bubble collapsed next year.
Can’t wait. Payback for Sun, for Java…
Good. Larry Ellison does not appear to be a force for good in the world. Steve Jobs had a lot of negative things to say about him.
Steve jobs knew something about forces not for good.
Larry Ellison can fuck off while we’re at it, the meddling technofascist bastard. Hope he loses everything!
I’m as atheistic as they come but I’ll maybe ask a demiurge for that to happen.
Where the fuck do they get this money from? $300 billion is fucking nuts. And 1.4 trillion in costs is literally bigger than my countries’ entire GDP (Australia)
The 1% is willing to pay whatever imaginary fiat currency they can to eliminate the need for the working class. Then they can finally get rid of us.
While simultaneously acting like a bunch of whining little crybabies about declining fertility rates.
Which is it: AI (and other automation) will replace jobs, or there aren’t enough people to work all the jobs?
It’s not that. Nobody really expects to achieve firm satisfactory result in something never done before, to justify the risk.
It’s a bubble. That they found money to make such an input into inflating it just means the outcome of said bubble bursting is this good for them.
I’m interested what exactly will happen when it bursts. A dictatorship, or a blitzkrieg against half of the world, or what else.
Any combination of:
Well, it’s called One Rich Asshole Called Larry Ellison, after all… 🤷♂️
trying to buy WB, so he can turn CNN into a fox clone. of course with the help of the SAUDIs.
Financial engineering, and they are one of the biggest producers of computer hardware for a long time. There’s more business and personal consumers than ever. Everyone’s getting online now, and the AI purchasing frenzy is helping a lot.
probably borrowing from large banks, selling shares, or bonds, or offering something as COLLATERAL.
And ripping off their customers.
OpenAI’s mounting costs — set to hit $1.4 trillion
Sorry, but WTF!? $1.4 Trillion in costs? How are they going to make all of that back with just AI?
I think there’s only one way they can make this back: if AI gets so good they can really replace most employees.
I don’t think it will happen, but either way it’s going to be an economic disaster. Either the most valuable companies in the world, offering services that the next couple of hundred companies in the world depend on, are suddenly bankrupt. Or suddenly everybody is unemployed.
1,400,000,000,000
I used to be amazed at how much a billion was, but this many 0s makes my head explode.
These must be bubble inflated costs to match the bubble inflated revenue.
One million seconds is 11.5 days, one billion seconds is 31.7 years, and one telling seconds is 31,700 years.
If LLMs fail and they invested: bailout
If LLMs succeed and they invested: rich
If LLMs fail and they passed: everyone else bailed out
If LLMs succeed and they passed: out of business
Therefore, the logical choice for a business is to invest in LLMs. The only mechanism to not do the stupid thing that everyone else is doing is gone.
that assumes every business which invests in AI would be bailed out, which is a huge assumption. I would guess the only businesses that would receive bailouts would be those with personal ties to the government
How is a haunted typewriter supposed to replace all those employees?
I’ve tried explaining AI to people before and only could get so far before they fall back on “but it’s magic dude” but I love the idea of explaining it as a hunted typewriter.
holy cow haunted typewriter is punching way above its weight class. Phenomenal.
i didn’t ask how it suplexxed a train, i just stayed out of its way
Prediction: the bubble is real but financiers will find ways to kick the bull down the road until they can force enough adoption & ad insertion to not lose out. The other option is that we pay it, of course. Takes on which is worse?
They’ll do both just like they did in 2007/2008. These AI companies and their investors will get bailed out while the rest of us lose our jobs and have to move back in with our parents in the van they already live in.
is that why palintir is so desperate trying to sell its “suvellience” tech to mulitple countries, and why all of them suddenly want facial recognition, biometric data.
How are they going to make all of that back with just AI?
Government bailouts is how.
Socialism for the rich, dog-eat-dog capitalism for everyone else.
its a ponzi scheme.
Ok but if it gets so good it replaces all the employees, how do people have enough money to pay for their services?
Who cares about the money of people when they have all the money?
that’s what they got excited about, no doubt. profit would go through the roof if they could take people out of the loop. nevermind the economy.
Personally, I am eyeballs deep in this industry and even I’m now hoping to see it all burn to the ground. I’ve already concluded that I’ll never make it to retirement in my field, probably because of automation. Fuck ‘em all.
Same for me… It’s depressing. And I no faith the government will do anything besides make it worse. If we’re lucky we’ll get the Expanse 's version of basic.
Yeah, same here honestly. I’m sick of the ai cringe fest and the egotistical tech bros being so annoying and full of themselves and being arrogant. The tech bros are insufferable
The industry is not that bad, but it’s just one of them.
People need art. And art doesn’t survive in environments where there should be a winner and winner takes all.
Art is the social alternative of recessive genes. It allows to preserve more than needed “right now in this particular situation”. Without art there’s degeneracy.
I am not sure what you are implying. There will always be art. Art does not need to be a commercial success to be expressive.
Which part of the industry?
Optometry
I would describe it as the application layer of all this AI shit. We are doing very well right now, but I’m just waiting for the turn.
I wonder … will it be another case of “Too Big To Fail” … or will it be … “Let The Market Decide”?
I’m guessing the answer depends on how many medals the CEO of Oracle can bestow upon the Orange.
Me … cynical … no … just been here for a while.
Do y’all think investors will wake up and realize that techbros are a bunch of fraudster scammers? Oracle deserves bankruptcy for being stupid with money. All my homies hate the AI-Bubble.
Bro even the way journalists talk about AI like it being a bet couldn’t be more obvious that it’s all a scam. If this AI-Bubble is profitable where are the actual god damn profits.
I imagine there’s quite a few who believe it a fraud but want to profit anyway.
That’s how every successful fraud works. If it’s not attractive to people who see it’s a fraud, it won’t have their support. If it’s hard to discover as a fraud, it’s also hard to maintain and always has the risk of discovery.
So the best frauds are those where everyone knows it’s a fraud, and plenty think it’s a fraud they can profit from.
They don’t want to wake up until they have something else more appealing to put their money on. They NEED something to invest. They don’t care what it is, or even if it works but it has to be plausible enough to make money, more money.
Until there is another scam to put their money in, they are stuck in the bubble, like us.
OpenAI CEO Sam Altman declared a “code red” last week as the upstart faces greater rivalry from Google, threatening its ability to monetize its AI products and meet its ambitious revenue targets.
Interesting that even Sam Altman is worried now!
AFAIK there are also problems that Chinese companies have their own tool chain, and are releasing high level truly open source solutions for AI.
Seems to me a problem could be that it is hard to make AI tie in, like is popular with much software and cloud services. But with AI you can use whatever tool is best value, and switch to the competition whenever you want.
I don‘t know of a single
truly open source solutions for AI
from China. China doesn‘t seem very keen on open source as a whole to be honest. That is unless they can monetize on open source projects from outside of China. Their companies love doing that.
DeepSeek the software is open source (MIT license).
Alibaba has released Qwen models under Apache licenses (and they are some of the best models that can reasonably be ran locally). Some argue that models aren’t really open source unless the training code and datasets are made available though.
every major chinese model is open source
They are releasing lots of open weight models. If you want to run AI stuff on your own hardware, Chinese models are generally the best.
They also don’t care about copyright law/licensing, so going forward they will be training their models on more material than Western companies are legally able to.
Please, government of the USA, do not bail them out. At least not any more than what you’re already giving them.
AFAIK there are also problems that Chinese companies have their own tool chain, and are releasing high level truly open source solutions for AI.
One interesting thing about the Chinese “AI Tigers” is the lack of Tech Bro evangelism.
They see their models as tools. Not black box magic oracles, not human replacements. And they structure/productize them and such.
But with AI you can use whatever tool is best value, and switch to the competition whenever you want.
Big Tech is making this really hard, though.
For one thing, there’s a lot of paranoia about using Chinese LLM weights. Which is totally bogus, but also understandably hard to explain.
And OpenAI and such are working overtime to lock customers in. See: iOS being ChatGPT-only; no “pick your own API.” Or Disney using Sora when they should really be rolling their own finetune.
Pop it! Pop it! 💭
Honestly, tulips were a better investment than Tesla or OpenAI. In fact, the continued success of the latter two tells you by itself there is something deeply, seriously wrong with the stock markets and the economy as a whole.
If they kill oracle, will that kill the last Unix after IBM stole the parent OS of Solaris and put it into Novell’s oubliette to reduce competition?
Darwin is a UNIX, I believe!
Oracle recently put out a ridiculously optimistic forecast that had them matching AWS within 5 years. At first the market loved it.
Now I think people are beginning to realise that was a load of bollocks.
Fuck yeah. More of this. A lot more.
The sheer amount of AI slop shorts on YouTube must be generating entire dollars in revenue by now. Who isn’t entertained and eagerly awaiting the next five million videos of the same scenario over and over again?
Lol get fucked fascist
Good
Good.
Good.gif
Oracle can’t fail. It stores data for all the other fangs.
LostWanderer@fedia.io 2 days ago
Couldn't have happened to a worse company! Hope it hurts even worse later on and fractures the Execucultist's will to shill AI further. 😈
alias_qr_rainmaker@lemmy.world 2 days ago
300 billion on OpenAI? Why? LLMs in general are trash, but ChatGPT isn’t even the best LLM
hayvan@piefed.world 2 days ago
GPT goes beyond chat, copilot code generation is also based on that. They also have generative visual stuff, like Sora.
Then there is brand recognition I guess, tech bros and finance bros seem to love OpenAI.
LostWanderer@fedia.io 2 days ago
The only good LLM is one that is being used by a highly specialized field to search useful information and not in consumer hands in the form of a plagiarism engine otherwise known as "AI". Techbros took something that once had the potential to be useful and made it a whole shitty affair. Thanks, I hate it.
Master@sh.itjust.works 2 days ago
Chatgpt is the name recognition brands. Like calling all electric cars a tesla
HonoraryMancunian@lemmy.world 2 days ago
Normie here. Which one is?
Tollana1234567@lemmy.today 1 day ago
already bought paramount, and trying to take over WB to get access to CNN.