this post was submitted on 25 Jun 2024
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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oh sure, it's an excellent company as a long-term hold. This is still a bubble and I think the numbers will go down when it pops.
I think this "AI" (a marketing term) bubble will flop per the article we linked in the post: this is a bubble fueled entirely by investors, mostly VC, throwing money into a fire of unprofitable businesses selling services at a loss that don't actually work.
I spoke to a pile of AI industry peons who think the VCs will get sick of setting money on fire by the end of this year. I woulda given it two years myself - there are hundreds of billions of dollars desperate for a home - but the number I was consistently hearing in March was "three quarters".
Maybe the Nvidia price will weather it. It took a hit when crypto crashed, though not a huge one.
The next AI winter can't come too soon. They're spinning up coal-fired power plants to supply the energy required to build these LLMs.
we're talking about a frequently used initialism on this community, which you may want to read more of, or not. Did you find this post by keyword searching?
Bragging how you didn't read something is also ill-favoured here.
shit, thanks to the orange site and tech hypercapitalism in general, VC in the investing sense is an incredibly commonly-used term everywhere in the industry. so between them pretending your site won’t load and flip-flopping between being a tech investing expert and someone who apparently doesn’t know fuck about shit… well, you know what I’m thinking
every edit you make just digs the hole deeper
so just to confirm: you’re a tech investing expert who posts on Lemmy but doesn’t know about archive links or extremely common tech investing acronyms? is that correct?
it actually stands for Vuy nCidia
why in fuck would you want to invest in the Wii Virtual Console after Nintendo shut it down?
look everyone knows Vice.Com is in a death spiral now that the parent company has been gutted
why’s everyone looking so confused
to buy nVidia cards,duh
I have hereby laughed my entire ass off
David I have terrible news about your co-admin:
they’re an actual troll in this and every context and I have thereby blocked them
btw if you go to the dude's home profile he tried to delete all his comments to this thread to cover his trail
unfortunately, he's banned from this server, so his deletes didn't make it here
I was having a shitty day but laughing at your tantrum brightened it a little. Thanks!
*throwing a fedora like a shuriken* haha, consider yourself blocked good sir!
Please touch grass.
@Buffalox
Obviously he means Viet Cong, they're huge in AI.