"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
This is your repeated reminder that the value of a stock is not determined by actual value, but by what other investors are prepared to pay for it.
More specifically, what investors predict they'll be able to sell it to other investors for. No one thinks they'll be stuck holding the bag
It's all just gambling lmao
Gambling usually has calculable odds
Is it finally bursting?
Nope, up over 2% in the last 5 days.
Stop breaking my heart
Depends what "it" is. NVDA is down 4.5% for the month. MSFT down 9%. GOOG is somehow up 24%.
Google made a pro version of Gemini 3. Benchmarks show it works like GPT on their own Tensor processors. All in house, all their own processing, and no external sources to rely on. While I don't like any of this. Google is playing the long slow and boring con. They have all the worlds data. They can keep processing until the end of time.
And that's why they're up. Weirdly they're just outside the self suck circle of openAI Oracle Amd Nvidea etc
It shows as down 3.8% over the last 5 days for me. Down 7.1% over the last month.
Which market? I looked up the S&P.
DJI is up 2% in 5 days. S&P is now up 1.27% over the same period, according to Google, using ICE Data Services data.
NASDAQ
0.68% in 5 days is what I'm seeing.
Was about to grab some popcorn…
Slowly???
Zoom out? We're back to numbers from 2-3 weeks ago.
My numbers have all gone up after a month’s long decline. Maybe because speculators have jumped AI ship to more stable investments.
Aand were kinda back to where we started.
We are all so obscenely fucked. It’s mind boggling to me that the company that can’t be bothered to make proper Linux drivers for their overpriced product somehow has the global economy swinging from its nuts.
I switched to AMD 5 years ago over this nonsense. Cheaper, just as good except maybe for CAD engineering and a few other niches. I can't tell the difference with the bajillionth of increase of whateverthefuck Intel has. Arch Linux running games with no issues. No regrets here.