This is a most excellent place for technology news and articles.
Does this mean they'll invest the money in paying workers? No... they're just have to double down.
hello, welcome to taco bell, i am your new ai order specialist. would you like to try a combo of the new dorito blast mtw dew crunchwrap?
spoken at a rate of 5 words a minute to every single person in the drive thru. the old people have no idea how to order with a computer using key words.
Once again we see the Parasite Class playing unethically with the labour/wealth they have stolen from their employees.
Imagine what the economy would look like if they spent 30 billion on wages.
If we're just talking about the USA, then the ~200 million working people would get $150 each.
We could always just confiscate all fortunes over 900 million dollars.
The 5 richest billionaires have a combined $1.154 trillion, which divided by $340 million gives us $3,394 per American citizen. That's literally just the top 5. According to Forbes there were 813 billionaires in 2024. Sounds pretty damned substantial to me. We're talking life-altering amounts of money for every American without even glancing in the direction of mere hundred-millionaires. And all the billionaires could still be absurdly wealthy.
Does the 30 billion also account for allocated resources (such as the incredibly demanding amount of electricity required to run a decent AI for millions if not billions of future doctors and engineers to use to pass exams)?
Does it account for the future losses of creativity & individuality in this cesspool of laziness & greed?
I'll take no shit for $500, Alex.
With how much got wasted on AI, that $500 might not be there anymore. Would you take $5?
They'll happily burn mountains of profits on that stuff, but not on decent wages or health insurance.
Some of them won't even pay to replace broken office chairs for the employees they forced to RTO.
Wages or health insurance are a very known cost, with a known return. At some point the curve flattens and the return gets less and less for the money you put in. That means there is a sweet spot, but most companies don't even want to invest that much to get to that point.
AI however, is the next new thing. It's gonna be big, huge! There's no telling how much profit there is to be made!
Because nobody has calculated any profits yet. Services seem to run at a loss so far.
However, everybody and their grandmother is into it, so lots of companies feel the pressure to do something with it. They fear they will no longer be relevant if they don't.
And since nobody knows how much money there is to be made, every company is betting that it will be a lot. Where wages and insurance are a known cost/investment with a known return, AI is not, but companies are betting the return will be much bigger.
I'm curious how it will go. Either the bubble bursts or companies slowly start to realise what is happening and shift their focus to the next thing. In the latter case, we may eventually see some AI develop that is useful.
It's a game to them that doesn't take into consideration any human element.
It's like the sociopathic villains in Trading Places betting a dollar on whether or not Valentine would succeed. They don't really give a shit. It's all for the game that might result in throwing more money on their pile.
But it's okay, because MY company is AHEAD OF THE CURVE on those 95% losses
How bad to you think this collapse gonna be? We gonna see a big name collapse into dust or we gonna see something akin to the Great Depression?
We’ll see the beginning of a crash in about a year and the crash probably won’t end for 7-10 years.
We’re looking at a full scale shift in the way large scale orgs are running their businesses; and it’s a shift a lot of them will need to pivot from once they realize it’s not working.
The AI bubble is going to be like the dot com bubble I think, but with the world being so heavily financialized it might spiral into something like 2008 or worse...
It won't be like the dot com bubble. The AI bubble is far more corporate investment with far fewer entities having money thrown at them.
That's true yeah, there is a lot less retail investment in those companies.
What is similar to the dot com bubble though is many "smaller" companies (i.e. not Google or Meta) are buying into AI as an investment into infrastructure for their company, just like was happening with useless websites during the dot com bubble.
Yeah, most individuals don't have money to invest in techbros' latest boondoggle.
Which means we'll be paying for their bailouts instead.
I've started using AI on my CTOs request. ChaptGPT business licence. My experience so far: it gives me working results really quick, but the devil lies in the details. It takes so much time fine tuning, debugging and refactoring, that I'm not really faster. The code works, but I would have never implemented it that way, if I had done it myself.
Looking forward for the hype dying, so I can pick up real software engineering again.
There are still employers bitching about how no one wants to work anymore. I doubt any lessons will be learned here.
it makes sense to someone like me who is not a dev but works with coding at times, I don't get the experience to be quick with it.
Yea
Vibe coding is for us armatures, who want the occasional hello world
I use it for programing home assistant, since I just can't get my head around the YAML.
"Ruh-roh, Raggy!"
It's okay. All the people that you laid off to replace with AI are only going to charge 3x their previous rate to fix your arrogant fuck up so it shouldn't be too bad!
I charge them more than I would if I was just developing for them from scratch. I USED to actually build things, but now I'm making more money doing code reviews and telling them where they fucked up with the AI and then myself and my now small team fix it.
AI and Vibe coders have made me great money to the point where I've now hired 2 other developers who were unemployed for a long time due to being laid off from companies leveraging AI slop.
Don't get me wrong, I'd love for the bubble to burst (and it will VERY soon, if it hasn't already) and I know that after it does I can retire and hope that the two people I've brought on will quickly find better employment.
Computer science degrees being the most unemployed degree right now leads me to believe this will actually suppress wages for some time
That was always one of the main goals. They'd rather light a mountain of cash on fire than give anyone a thriving wage
As expected. Wait until they have to pay copyright royalties for the content they stole to train.
I hardly post on any social media besides here and I still feel violated.
I hope every CEO and executive dumb enough to invest in AI looses their job with no golden parachute. AI is a grand example of how capitalism is ran by a select few unaccountable people who are not mastermind geniuses but utter dumbfucks.
Thank god they have their metaverse investments to fall back on. And their NFTs. And their crypto. What do you mean the tech industry has been nothing but scams for a decade?
The comments section of the LinkedIn post I saw about this, has ten times the cope of some of the AI bro posts in here. I had to log out before I accidentally replied to one.
