The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.

  • MalReynolds@piefed.social
    link
    fedilink
    English
    arrow-up
    17
    arrow-down
    3
    ·
    edit-2
    1 day ago

    While I want both to be true, he’s betting against governments wanting actionable intelligence on each and every citizen (although the moat there is shallow, easy for someone else to start a race to the bottom) and massively parallel processors becoming less valuable (remember how smoothly they switched from crypto to AI?, remember when you could buy a gaming video card for less than the rest of your computer, likely another bubble in the wings) plus the whole circular investment is propping up the entire US economy situation, the epitome of too big to fail (without the whole US economy going tits up, which given the current situations is distinctly possible). Actually 8:2 sounds ballpark, but I doubt he’s not hedging his bets.

    • Jhex@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      ·
      20 hours ago

      While I want both to be true, he’s betting against governments wanting actionable intelligence on each and every citizen

      Not at all… governments can keep that even if ALL commercial AI disappears today. The gov wanting this would keep the tech alive but not commercially viable at all; if anything, the gov would prefer to have it all to themselves and keep whatever advantage it’s supposed to provide.

      AI, in and of itself, if not more privacy intrusive than: cellphones, facebook, google suite, etc

    • cassandrafatigue@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      5
      ·
      edit-2
      20 hours ago

      being against governments wanting

      A thing they already had and this doesn’t help with

      but the infra!

      That burns out in like two years

      but the ponzi scheme can’t collapse!