- cross-posted to:
- latestagecapitalism@lemmy.world
- cross-posted to:
- latestagecapitalism@lemmy.world
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I own a beer bar, and we work with some friends who have a catering business that does pop ups on our patio. They’ve been using AI to generate flyers and then tag us to have us share them to our larger audience. I stopped doing it because they look like trash, get low engagement, and are off brand for our art-inspired space. They got upset with me that we weren’t helping promote, and I explained my position on their AI flyers, and they sent a very lengthy email back about how AI is being utilized by small businesses in ways that we’re still scratching the surface to understand its value. I popped the email into chatgpt and asked if it wrote that email and it said it did, lol. Now I have more work on my hands to design their flyers for them, but it’s worth it.
it’s so bizarre to me that people who work with food don’t realize that the ai trash is producing images that are REVOLTING, do not look like food, and actively deter people from their products.
you’d be better off with a half lit shitty polaroid of actual food than putting that trash on your branding, so much of it is nightmare fuel
If it does, it needs to pop so hard that EVERYONE involved with it can’t even afford to be heard of anymore.
He may not be far off.
These bubbles usually last approximately five years. (Or at least that’s been the case historically.) We’re in year four. I’m actually keeping a portion of my portfolio in cash so when the crash comes I can take advantage, though I may move my whole retirement account into bonds and money market funds after the new year.
The AI bubble is propping up the American bond market too (countering all of the other crap Trump had been doing to undermine the economy). When the bubble pops, the bond market is going to suffer massively as well.
I had a boomer normie ask me how to use AI to develop his new “business” website telling me that he didn’t want to hire a developer if the developer would just use AI anyway.
This guy doesn’t know what a router is, and was asking me for help trying to understand what the AI was telling him, and it was the most basic shit.
When the normies are trying to invest in AI, they’re the last to invest and know to throw money at it. That was a big signal to me that the bubble is about to pop. Money is running out and the boomers are trying to get in on it.
Exactly this. If you hear people talking about investments around the Thanksgiving table, its time to bail. All the smart people got in months ago and have left, they are just looking for bag holders now.
If AI is so good they should try asking it that. See where that ends up.
That’s the right strategy. They want to use ai, so let them. No need to speak to professionals who will use ai anyway.
That’s the real truth. Run like hell when luckless chumps show up looking all enthusiastic
When the normies are trying to invest in AI, they’re the last to invest and know to throw money at it
They are also the largest group by far. Doesn’t really mean much aside from the fact that adoption is now widespread.
I don’t think it’s going to add up to a trillion dollars a year though, lol.
AI and the Enshittification Era w/ Cory Doctorow https://www.youtube.com/watch?v=-dAIJRjb-Bw
I don’t think it’s going to add up to a trillion dollars a year though, lol.
It will. The real question is - what will be the price of a loaf of bread in the multi-trillion dollar economy?
nope. their capex alone is going to destroy them, then their investors will realize they’re all fucked and the real fun will begin
I can tell you how to use AI… for money.
Oh, great, thanks! You’re a real lifesaver. [Proceeds to pay more than he would have paid for the real developer, to spend more time to create vibe-coded tech-illiterate trash.]
I’d probably have better luck shorting stocks if I could trigger a (rightful) panic like this guy can.
I’ve come to realize that I was assuming that there was a limit somewhere to “the market staying irrational”. I’m not so sure anymore
It’s less about fundamentals and more about what investors believe about the market. That’s why Musk is so good at manipulating the market, he’s convincing enough for many investors.
You could argue that a heavily debt-based business that requires years and years of more debt before becoming profitable would respond to rising interest rates quite negatively, but, yeah, the whole thing is already enitrely irrational.
I’m keeping some popcorn in reserve for OpenAI’s IPO.
I don’t get why they haven’t gone already.
If they don’t get their IPO off before the bubble pops, they might be losing out on a trillion with a capital T
- They are true believers
- They know they’ll get a bail out because they are too big to fail
The market has never been rational.
Good.
God I hope so.
It’ll only hurt us. The rich will profit heavily.
Yeah, but if the bubble lasts longer it’ll hurt us more when it does collapse.
Plus we’ll have to deal with more clanker bullshit in more of our daily lives for longer if it takes a long time for it to collapse.
Are you talking about the collapse of the AI bubble hurting us? I mean, sure, but what’s the alternative? There isn’t one. The sooner it pops, the more money that will be available to develop businesses that can grow the economy. Right AI is gobbling up investment capital and driving up the interest rates and inflation of the price of tech hw is stunting consumer and business tech, contributing to overall inflation, and making actual products people want to buy more expensive, ie less sold…
I’d like to say that this economic collapse could not have come at a worse time, but I think bubbles like this are only possible when markets are no longer competitive, everyone is broke as shit, and people have to invent fantasies to make investors think line will go up.
One can only hope…
Same, Michael Burry. Same
I have no AI investments outside of shit my pension probably buys
I am looking forward to investor focus moving to stocks I do buy though
You can ask your pension find if they’re aware of the bubble. They might have an option with low-AI investment
I am not a financial advisor, and this is not financial advice.
Maybe you should check how much of your pension is invested where.
It can shock you how much of your money is invested in just 5 stocks.
Then talk to an advisor
