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This has to be one of the better "Snake Oil" cons in a long time and it's completely propped up with crypto

"Exit liquidity for venture capital." Maybe the truest thing I have heard this year.

Nice.

if Adobe hadn't gone SaaS, I'd 'shop you in as Guthrie with the sticker saying "this machine kills business idiots". maybe a laptop or podcast mic instead of a guitar. I haven't really thought this through.

My understanding is that DeepSeek has already delivered a much less expensive product. The only problem is that nobody wants to give their data to the CCP. But you could be right!

Which is funny because AI training doesn't work that way, but your boss is probably too fucking stupid to understand that.

AI tech is not going away, but it's in for a really painful reset.

Facts

The kids who want their little AI playtoys are not gonna be happy, Yogi.

This is the 27th most popular video posted on their youtube channel, out of 650 posted videos.

It’s an expensive bubble to blow up

Also, on the virality: As I put it to a friend, "I've relied on Ed Zitron to keep up on this mess for the last few years so that I don't go insane trying to." I'm overjoyed your efforts have paid out, and that it is now paying out bigger. You deserve it.

I assumed the push for IPO's was their attempt to hand off the bag before the bubble finally popped. That had they done this months ago before the circle jerk invest chart was made public they would have gotten away with it, but now they might not get out in time.

The tech pubs i lurk in keep pointing out that it costs more to do simple "getting started" template code than just hiring a entry level employee and have them do the same task. All these companies are in the "whoops" phase of finding out their consequences for all their layoffs.

The technology just doesn't work. How tf you going to ask for major funding rounds for a thing that doesn't work? These snake oil salesmen told all these investors they'd be able to replace the flesh they employ and it's abundantly clear that future is not happening with LLMs.

good that this is pointed out and reference the shady IPO nasdaq index listing going on for spacex

I’m still convinced the ROI isn’t in AI, but a nationwide set of datacenters filled with crypto-suitable hardware so they can crash the dollar and force everyone to jump to bitcoin.

I still think a "Where's the ROI?" style campaign in the spirit of Wendy's "Where's the beef?" would be the stake in the heart of these companies. I bet there's at least a few good writers, actors, crew, etc that'd do it just to give them the proverbial finger.

I'm curious how much damage branding these products "AI" will cause to actual AI research.

"Interesting"in a Confucian kind of way, probably: www.youtube.com/watch?v=V3JH...

A survivable future rests on them failing

That’s hilarious. Him & his partners are making bank, especially the chip makers - but for the rest of us who might want to buy say a SSD drive someday without selling major organs, not so much.

🤣🤣🤣

And then there's Peter Thiel's Palantir, which would be the villain in any James Bond film.

Was really hoping for a Clamuel to slip through

let's fuckin GOOOOOOOOOOOOO

Oh boy

From your lips to God’s ears. I’ve long shared your same viewpoint; basically around the time the Chinese released their open source version. Your prognostication of “weeks” has me smiling.

Musk is likely going to become a trillionaire with the SpaceX IPO. To conceptualize this amount If Musk started earning $10,000/day how far back would he have to have started to have $1T today? 273,972 years ago. Homo Sapiens had recently emerged and Earth was in the Middle Pleistocene epoch

The only thing AI is good for is sex bots

Yes, he wants to escape.

doing the lord's work ed. thank you for your service.

You finally uttered the right sequence of Business Idiot words in the right order somehow and broke through the spell.

Get ‘em

for some reason i feel like the thumbnail looks like you're at a press conference fielding questions and celebrating some sort of victory. i love it

Congrats on finally getting your stories to break through the barriers put in its away!

they can't afford to keep building it up without charging people for it. The data centers offer NO benefit to the places they are building them

Isn't the SpaceX IPO essentially an AI play? It's to generate cash to offset the massive cost of Musk's AI program.

however, enterprises are paying the increased costs. I’ve never seen anything like it. A few years ago it’d be a big process to get some software approved that cost $10/month. Now everyone is using ai as their search engine at a cost of $1000/month and execs are like please burn more.