microslop
Nobody deserves it more
I can think of a few.
I mean…they deserve it, but so do others.
And nothing of value was lost
It’s such a bizarre situation. Not only are they expecting AI to perform miracles (it won’t), they are also expecting AI to fuel financial growth at unprecedented rates? Where is that money even going to come from? It’s not like companies just have lots of money laying around, waiting for something to spend it on.
The premise is AI would be able to replace people and therefor instead of paying people, companies would pay for the AI instead. But there is zero evidence that’s going to happen and if it happens the entire economy collapses. It makes perfect sense from the point of view of someone like Altman. If AI rules the world, they control the hardware and the software, so in fact they rule the world. But from a regular investor point of view, it makes no sense at all.
But I guess people see this similar to crypto, it’s bullshit and makes no sense, while in the short term it’s a good vehicle for making money. Similar to a pyramid scheme, people who got on early can make a lot of money, with the late-comers left holding the bag. Difference is, the scale has become such that it won’t really work for long. We are destroying the economy regardless of the outcome.
These geniuses expect to continue the infinite growth of human society’s economy by getting rid of ALL the humans, including the ones that buy their product!
Sure, but Elon Musk keeps saying AI combined with his robots will mean people won’t have to work anymore, and everyone wil be rich, and we’ll all hold hands and sing songs, or something. By 2025 at the latest. And he wouldn’t lie to puff up stock and investment and profits.
Can you believe it guys? AGI, just a week away! AGI is in a week! Woo-hoo! I am so happy about this information. AGI, just a week away. Oh, wow! Can you believe it? AGI, just in a week! It got here so fast! AGI, just a-
AGI is already here! If I change the definition of AGI …
A lot of investors are passive investors. They put their money in ETFs and call it a day. Those ETFs in turn buy stocks in companies on a cap-weighted basis (bigger company => buy more of those stocks).
I have been moving some of my investments out of ETFs that buy American stocks (because these are heavily dominated by AI companies) but I think most people don’t care or are afraid to (in the general sense of being afraid to manage their own investments, rather than trusting their bank to pick for them).
Mine’s in a national pension system so they only allow changing funds 3 times a year -.- All my new payments have been going into a personally curated fund comprising of about 5 ETFs with zero American stocks between them for a few months now, but I’m still waiting for the rest of it to be transferred over on… the first workday of May I think? In the meantime, I’ve lost like 10% compared to a month or two ago when it peaked and I just wanna have it out before all the AI bullshit crashes.
Where is that money even going to come from?
Redirecting wages and benefits from individuals
But then where does that money come from?
🎻🤏🏼
First, the software giant is doubling down on capital expenditures as Wall Street increasingly asks when investments in artificial intelligence infrastructure will produce more dramatic payoffs in revenue growth. And second, investors are selling software stocks over fears that AI startups like Anthropic and OpenAI are creating agents that can replace products made by companies like Microsoft.
Lmao, so we’re waiting for a payoff while at the same time expecting that “agents” are going to change everything? It’s almost like it’s a lose-lose situation. A bubble, you could say!
I can’t wait for the “agents replacing coders” myth to die.
You put billions into it, Microslop. You should ask Slopilot how it can turn things around for you.
🍿
But what about “AI”?! It’s not a bubble is it?!?!
Don’t worry, Satya will prompt Copilot a lot better now.
Huh, I wonder why.
AI, AI, AI, AI AI…
Jensen? Is that you?
Daaaaaisy Daaaaaaaaaaisy Give meee your answer do
And second, investors are selling software stocks over fears th
th certainly scares the wilies out of me!
