Another smoke-and-mirrors show to dupe the rubes for a little while longer. Now gives them an excuse to buy spacexaixxaix and unlock his $1 trillion shareholder theft pay package.

Crossposting something from almost 3 years ago. Bold, OP.

Yeah I’m not some pearl-clutching puritan by any means, but all of this deeply embedded gambling (and “prediction market” bullshit) is not going to end well. The scandals, fixes, and chicanery will be off the charts and it’ll ruin sports.

Bloomin’ onion, indeed.

I thought Outback had “no rules”?!

Still better looking than a cybertruck

“We lose money on every sale, but we make up for it in volume!”

Yeah, at least a major recession but I think a depression is probable. Were you around for the dot-com crash? I was, and the job loss was everywhere, not just in tech. It was a scary and shitty time. Lots of people lost everything.

You’re talking about Google. I’m talking about OpenAI, Anthropic, and to a certain extent Meta. Sure, Google has plenty of money and even they managed to lose some on this deal. The AI economy collapse will ding Google but it will be existential to many of the largest companies in the US market. Several trillion dollars in value will be wiped out of existence. You seem very nonchalant about this; what do you think will happen to OpenAI and Anthropic when the truth of their grift is fully exposed and they go tits-up? What of Oracle who has spent all their money speculatively building data centers? What about Nvidia who sells the shovels in this gold rush? What about Meta who is still paying for their idiotic “Metaverse” and has now gone whole-hog into the AI race, dropping gobs of money in an attempt to “catch up”? What about SpaceXAi or whatever the fuck they’re called now, who went public in order to prop up the loser companies they had to gobble up while they were failing?

edit I’m not even getting into the circular deals and outright grift that’s happening in broad daylight.

Google may be the last man standing, but it will be atop a pile of rubble.

Its not like in dot com where companies without revenue got to borrow tons of money they could never pay back.

It’s exactly that, but much worse. These companies do not make money. They lose tons of money every quarter. They have revenue but it doesn’t even cover their operations cost. But that’s not even the expensive part; training new models is hideously pricey and that will not change. And they must keep training new models lest they “fall behind” in this race to the bottom. OpenAI owes a Trillion and a half dollars to their investors. They have at least a trillion in obligations to compute providers. They keep taking more investor money, most recently with SoftBank who sold junk bonds to raise it.

Not to worry, OpenAI may lose money on every sale, but they make up for it in volume!

The problem is not that it’s a useful tool for some applications. The problem is the insane amount of money thrown at this which is not possible to repay unless their product achieves runaway AGI and can actually cause these doomsday scenarios. They have no path to profitability. Like, none.

Also a poor socialist who likes wine

What are you clowns fighting about. Trains take people places and cities have suburbs. Now just kiss and get it over with.

I mean, we all pay the minimum possible. My point is you have no real choice in funding this which should enrage everyone.

You pay taxes, right?

No argument here.

Elon University? It’s a thing. Unfortunate name for a school who has been around for a good while.

Absolutely true; didn’t stop those troglodytes from blaming Biden though.

They should just give her a dark tan and call ICE. She’d be dead within the hour