• dogs0n@sh.itjust.works
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    7 hours ago

    I don’t doubt they’ll keep selling more GPUs, but AI certainly looks like a bubble that’s ready to burst with all the fake money going around in circles (assuming those diagrams are correct, which I assume they are).

    Not the mention the lies that are keeping AI companies propped up, like AGI that will replace everything “in 3 months”. Pretty sure they missed that deadline already.

    With the current “fake” money, lies and over-investment, something bad is surely going to happen unless someone steps in.

    AI advances quite a bit each day, but I’m not sold on AGI becoming a thing any time soon, maybe even ever idk.

    • incompetent@programming.dev
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      2 hours ago

      with all the fake money going around in circles (assuming those diagrams are correct, which I assume they are)

      I’m not familiar with those. Do you have one handy or maybe some keywords so I can look it up?

      • dogs0n@sh.itjust.works
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        1 hour ago

        Think this one was the one going around

        Not sure what you can lookup, probably stuff like “AI investment bubble”

        This is probably a good resource (haven’t read it) https://en.wikipedia.org/wiki/AI_bubble (specifically look under Speculation > Circular Financing, soz dunno how to link to a header)

        I don’t have a source and this might be old news, but a lot of the big deals right now are just “promises” to invest I think (money, etc not exchanged hands yet)