You're forgetting that NVIDIA has taken up to like 20% S&P 500 because of its sales to OpenAI (and others, of course). And the whole world is heavily invested into this because of how well the AI market did. If (when) OpenAI tumbles, so will the other AI companies and thus also NVIDIA. They've all become reliant on each other, and now AMD has entered the game as well. So I don't think it will be small
Also this, especially the little segue from 0:59 to 4:05:
There must have been a door there in the wall, when I came in.
Truly gone fishing.
I'm not forgetting that, Im taking it into account.
I'm saying I don't think it will crash the whole market. There is options between great depression 2.0, and nothing happened.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
It's starting to feel like the internet bubble the last months. Before summer it was healthy.
The current stock market run isn't backed by real profits anymore but by companies that are pushing money into a company that has yet to make a revenue. Stock prices are inflating and the market believes the growth will go on forever.
AI is the only thing preventing a recession in the west cause things are not that well actually. Goverment depts are insane an unsustainable.
So a collapse of open AI would be very bad imho.
Nothing ever really collapsed since 2008. How often did crypto allegedly come crashing down for good? When Gold? When the housing market? We are living in an inflated fantasy world. Small dips rebound into new hype cycles and we'll have the first dollar trillionaire within 5 years. The state deficit will just go into the quadrillions eventually. It just goes on and on. Just give in to the fiction like everyone else. Polymarket is the next big thing.
It’s gonna tank someday, it always does. And it’s allready clear how, an economic downturn making goverments debts unsustainable. But we just don’t know when and the market can quadrouple before it happens. It’s not a reason to avoid the stock market.
There's only 7 companies in the "west" that are keeping the market going And they are all heavily invested in crypto. And the entire world is investing in S&P500, including all pension funds.
So yeah, it's gonna be on par with 2008 for sure.
There must have been a door there in the wall, when I came in.
Truly gone fishing.
It's been productive for a few years: medical research, manufacturing, warehouse logistics, international ocean shipping costs and routes as well as optimal ship loading (not just cargo density but also safety of load distribution and catching human error in that). And various other areas.
They are just not 'public facing' areas to realize it has been for a few years helping a wide range of stuff.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
What are most people using AI actually for I wonder? We have wonderful tools of knowledge and creation at our disposal but the majority apparently chooses to treat it like a human friend or even relationship, for emotional support and for sex games. Says a lot about people and their trivial desires.
Same as any other technology: If it can be used for porn, sex, or fake companionship, it will be what the masses use it for the most.
Just people doing what people do every time some new tech is made.
Youtube existed because the founder couldn't find a video of Janet Jackson's boob after the Superbowl.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
New US Senate bill calls for agencies and companies to be forced to report AI-related job cuts
Companies could have to report AI-related job cuts
But, pushing for greater transparency not into job losses but also how companies support their workers, the proposed act adds even more reporting suggestions.
This Act could require companies to report how AI is affecting workers
The AI-Related Job Impacts Clarity Act specifies that companies should report job cuts or displacement and new hires that are attributed to AI, as well as workers being trained due to AI and roles left unfilled thanks to automated procedures.
one really good use of AI is scientific claims, like those from health influencers, there are both good ones and bad ones, mostly bad ones.
if the video has a transcript you can give e.g Claude the whole transcript of the video, if the video has a linked study, give it that as well, compare the click-bait claims to the study. profit.
i debunked this entire video using Claude. its just BS claims.
oh, and he clearly uses AI to generate more comments, one comment claimed he saw the video (just relased) and has used his method for months and saw great benefits, lol.... he needs a better model.
...and use more than one model. I also tried with ChatGPT, same results, its BS.
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