[delta7]

No tears, AI is as it says “ artificial “.

[Alvin Diogenes]

Sam Altman always has a hidden agenda.

In this case, I would guess that he is trying to suppress venture capital funding for up-and-coming startups that are potential competitors.

But maybe his purpose is something else. I just know not to take him at face value, ever.

[sauropod]

Bkmk

[Bernard]

capital expenditures for AI contributed more to growth in the economy in the past two quarters than all of consumer spending

That is real money being spent. And much of it appears to be money spent on bitcoin mining. As long as everybody who owns bitcoin believes in its inherent value, the value is maintained. Sort of like the collector price for a 1965 Mustang or a Honus Wagner baseball card.

If/when the air pops out of the bitcoin balloon, there will be huge capital losses taken that would affect income tax collections. Even if bitcoin continues to hold value, some of the data centers will fail for various reasons and the capital losses will appear.

But of course, MAYBE the AI craze is not like the dotcom bubble, or pet rocks.

[quantim]

This whole AI topic is reminding of the ‘dotcom’ bust, one big difference though. The dotcom explosion didn’t cause tens of thousands of acres bulldozed and just left there, water supplies depleted, enormous electric bills for residents, and other countless billions lost by big companies similar to EV investments, the list goes on.

[Nifty]

I use ChatGTP at work for quick reference. Twice, it has answered with incorrect info, even incorrect within the info it provided.
I asked for a total x from 2020 to date, and then a yearly breakdown. The breakdown didn’t add up to the total. When I asked about the error, it kept coming back saying “you are right”, then give me the wrong total again.

[metmom]

Let’s hope so.

[UnwashedPeasant]

I predict there will be a temporary window where AI is great at Forex trading, making easy riches for the people who figure it out. That window may have already passed.

[Bruce Kurtz]

Well, I asked AI Grok: “How much has American companies spent on AI and how much revenue has it brought in”
“In summary, US companies spent ~$280B combined on AI capex and private investment in 2024 alone, but generated ~$146B in revenue—highlighting high upfront costs with returns still emerging. Projections for 2025 show spending accelerating faster than revenue, potentially straining balance sheets unless adoption scales.”
So, there is another finite resource that has to be taken into consideration: Capital Expenditure (capex). These AI companies are spending $280B but only bringing in $146B in revenue. That is not sustainable in the long run.

[The Louiswu]

AI, crypto, digital id, digital banking, all of this is designed to induce the fall of the world economy and usher in the Inevitable One World Government to bring about some socialist utopia and its coming fast.

Remember the digital world was supposed to be safe from theives but that as we know is false information. The government was supposed to secure our online safety but that’s a lie, government would never read our emails, scan our texts or listen to our phone calls, but they do.

[Mr. Jeeves]

Computers wiped out the first category of middle managers who were paid to sit around and "know stuff" back in the mid-80's. AI will do the same to another category of workers who assemble business solutions from existing knowledge.

But AI will only ever be as good as those who compile its language models. When the work is done by domestic "little pinks" under the direction of a Sam Altman, the user just gets whatever Left-biased answers Reddit or Wikipedia would provide. If an AI is actually allowed to notice and analyze things, it comes up with all sorts of uncomfortable answers.

[butlerweave]

The more I hear about AI the more it sounds like it’s just a New Virus

[Hammerhead]

The fascination with AI is SOOOOOO stupid.