this post was submitted on 24 May 2026
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[–] MalReynolds@slrpnk.net 164 points 1 day ago* (last edited 1 day ago) (1 children)

The lower prices could be aimed at undercutting the competition.

Mobster voice: Sure would be a pity if the monetization potential of those 2 huge IPOs (3 if you count SpaceX with xAI deadweight rolled in) went boom when that's all that's holding your economy out of recession (depression depending on how they cook the books).

[–] Slotos@feddit.nl 79 points 1 day ago (6 children)

The way SpaceX IPO got crammed into index, it’s invulnerable to anything but an immediate incarceration of everybody involved.

Index funds will be required to buy the stocks at a listing price before market can decide how much they are worth exactly.

Afterwards, “economy in a recession” is synonymous to “free buffet” to those at the reins.

[–] sp3ctr4l@lemmy.dbzer0.com 25 points 1 day ago* (last edited 1 day ago)

Yeah, the whole plan is to have every US citizen's 401k's autobuy into the SpaceX IPO.

Your retirement fund is Elon's exit liquidity.

Its a truly fantastic fraud.

Because... the Nasdaq... well a few weeks ago it changed its rules on the delay time between an IPO and it being part of the index, the index that everyone's 401k's buy into.

I guess you could say its going to be 'epic' when this all blows up.

See this is basically how the us economy works:

Poors roll over negative equity into their next car loan.

The ever diminishing 'middle class' basically does the same with homes, helocs, etc.

The owners roll over debt via corporate amalgamations.

But because the rich have a magical legal barrier of 'all the bad and dumb things i do are a legal fiction doing them, not me personally', well, the legal fiction gets what its due and/or evaporates when it can't pay what it owes... and the rich remain on top.

Yeehaw!

[–] edible_funk@sh.itjust.works 61 points 1 day ago (2 children)

Yep this will be the fourth or fifth record breaking upward transfers of wealth I've lived through. I really don't want to live through another.

[–] sp3ctr4l@lemmy.dbzer0.com 4 points 21 hours ago* (last edited 21 hours ago) (5 children)

The 'good' news is you might not live through the next one.

Food.

Yeah our entire modern agricultural system is basically a process of squirting refined oil into the ground and then food comes out.

Drive up the precursor cost?

Well a whole bunch of that process breaks, and that's not even considering the oil burned to move things from one place to another.

Even if you solve that problem: Climate's broke, ain't gonna fix it at this point. That'll fuck up food production massively as well.

Population control (culling) via food prices doubling or tripling every few years, and the chaos that results from that.

They're hoping enough of us will die before we actually try to eat them.

I suggest making what stockpile of edible reserves you can now, keep cycling through it, eat a bit of it, replace more of it, etc.

We got the worst el nino in recorded history, AMOC is currently giving out, as is the 'doomsday' glacier... and roughly 1/5 to 1/4 of the world's oil just stopped, it'll take years to recover from the damage thats already done.

Everything that has happened so far will be a footnote compared to what happens next.

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[–] BonsaiBoo@lemmy.world 17 points 1 day ago* (last edited 1 day ago) (4 children)

At this point many people won't. Hard to squeeze blood out of a dried, overworked, malnutritioned poisoned and diseased husk of a laid off worker.

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[–] chilldrivenspade@lemmy.world 89 points 1 day ago (1 children)

“permanently” means nothing when it comes to technology

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[–] RIotingPacifist@lemmy.world 24 points 1 day ago (2 children)

All numbers in AI are made up it's wild to see tankies glaze DeepSeek's fake numbers while being skeptical of Western corporations' numbers

[–] Calfpupa@lemmy.ml 26 points 1 day ago (7 children)

Not glazing when its simply enjoying watching China beat the US at its own game

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[–] BlackLaZoR@lemmy.world 5 points 23 hours ago (1 children)

All I see is good and cheap model. It doesn't even have to be perfect, just in ballpark of mainstream models.

[–] RIotingPacifist@lemmy.world 3 points 22 hours ago (4 children)

Them cutting consumer prices doesn't show that though.

It's wild that people normally critical of AI boosting will drink Koolaid if it's China flavored

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[–] lemmydividebyzero@reddthat.com 32 points 1 day ago (7 children)

Still doesn't know what happened at Tiananmen Square, but can tell in detail how protests were brutally ended a few years later in South Africa...

[–] hark@lemmy.world 3 points 19 hours ago (3 children)

Now ask western models about israel.

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[–] Yerbouti@sh.itjust.works 16 points 1 day ago (8 children)

If you run it locally there's no censorship...

[–] BlackLaZoR@lemmy.world 5 points 23 hours ago

It's like 865GB so you can't. But you can run older/smaller versions on High End consumer GPU

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[–] frongt@lemmy.zip 10 points 1 day ago (2 children)

It does, and it'll tell you about it. But it's their interface that censores the output, and it's not perfect. Ask it in English or Chinese and it'll censor it. But ask in Spanish or other languages and it doesn't get caught.

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[–] Airfried@piefed.social 32 points 1 day ago (1 children)

Okay I still won't use it.

[–] Speculater@lemmy.world 14 points 1 day ago (1 children)

Its safety rails are far worse than any in the West. But to your point, fuck AI.

[–] errer@lemmy.world 14 points 1 day ago (9 children)

There are plenty of rails, they’re just different ones. Like criticizing dear leader or Tiananmen square.

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