Is it?
Of course.
luddite fearmongering threadAI is the future. Why would anyone waste their time working or reading or writing when they can have an AI do it ?
>>216079757Not the entire economy but the stock market certainly is
>>216079757AI does work on those companies. Like if you want to gen AI gfs, you have to buy Nvidia GPU.
>>216079789It's very obviously a bubble tho. unless you really think nvidia is worth more than the whole GDP of korea or uk
>>216079789Look saar, just because elon gave you a visa doesn't mean everyone else has to be a techbro worshiping slave.
>>216079757AI will lead to software becoming worth much less and the US economy is 98% software. Europe and Asia are the only ones that manufacture things. All the machines that make chips are made in Europe (ASML) and all the industrial robots are made in Europe and Asia. Nothing is made in the US. This is what people don't understand.
>>216079757>>216079785>>216079841Brutal iqlet cope
They spent 500 billion or five trillion who even knows anymore on an infinite while loop caused by asking about about a seahorse emoji that never existed>>>/g/106965521>>>/g/106970518This shit isn't intelligence. The autocomplete word processor part of the human brain isn't the one that does the thinking it's just a layer that translates ideas into a communication medium. AI has no fucking ideas, it has Reddit posts in it's training data. A lot of them are made by spambots to begin with.
>>216079789Because A."I". is retarded and is currently being implemented in order to carry out the mass-enshittification of all that exists. Tech bros just love the idea that eventually it'll become not retarded and capable of replacing all of their employees so they don't have to pay anyone.They're already replacing workers with A.I; almost always resulting in shittier less reliable service.
>>216079927You aren't a CEO, saar. Stop getting so uppity and go back to India.
>>216079839I honestly regret not buying Nvidia stocks when the Chinese released DeepSeek for free back in January.People were also questioning Nvidia's true worth back then and Nvidia still rebounded months later.
>>216080192>>216079841don't be racist
>>216080358Well if you buy it now then you're probably a fucking idiot.
>>216079757We used to make movies and music and videogames and consumer electronics and apps and websites and that's all gone nowadays. It's all just AI.
>>216080358Problem with Nvidia is that they make nothing. They have a value of $0 without ASML and TSMC. Just designing things without manufacturing them is not good.
>>216079789Something ridiculously high like 80% of AI based projects fail. It's completely a bubble and best used only as an autocomplete tool or a celeb deepfake porn generator.
>>216080467AI genning needs Nvidia graphics. It's like buying a GTA game needed to upgrade your PC.
>>216079757Short answer:no. That Youtuber's takes are notoriously dogshit>>216079867Europe manufacturers cars that only thirdies who can't afford them want outside of the Volkswagen. I have not once in the last 10 years bought a product made in Europe
>>216080582Manufactures* :( hate autocorrect
>>216080582>Short answer:noHow do you explain the fact that 40% of US gdp growth coming from the capital expenditures of AI companies, which have STILL not turned a profit?
>>216080582>I have not once in the last 10 years bought a product made in EuropeEurope manufactures the machines that made the chip you use right now. And most of the industrial robots are made in Europe by European companies. And also in Japan. Nothing is manufactured in the USA. The US makes nothing anymore.
>>216080467so does Apple
If it were a bubble then random “AI” companies would be getting silly evaluations for existing like what happened during the dot com bubble
>>216079757YesDoesn't mean AI is shit though, it's so clear it is a massive technological advancement that it's fucking obvious at this point. But circular payments/contracts, mag7 accounting for 40% of GDP growth and ~30% of the S&P500 and anthropic and openai hemorrhaging billions left and right, inflation still crazy af and the remaining industries are in a literal downturn, unemployment on the rise, etc., are clear signs of a bubble.
>>216080893Anon...
>>216080893They do though, 17-19 year olds are quitting school because they're making "AI apps" and starting companies that are immediately purchased.
>>216080582retard
>>216080815>Europe manufactures the machines that made the chip you use right now. My phone that I'm using right now had its chip made by a Korean chip machine by a Korean in Korea and was manufactured in Vietnam. None of those places are European. Samsung manufactures ts own chips with in house machines.>>216080788America has been a technology leader since atleast the 50s some retarded YouTuber who lives in London doesn't have some insider knowledge that I dont
>>21608093190% of those were manufactured in Germany or the Netherlands and not your shit hole Italian village
>>216080960All of them used machines that were made in Europe. It wouldn't exist without those European machines. The US just design stuff or it's actually Chinese people and Indian people that does that. And the companies are owned by Jews. But it doesn't manufacture anything.
>>216080960maybe you should watch the video in the OP, they reference reports by bloomberg and the IMF.
who will trump blame?
>>216080979i accept your concession
>>216079757I hope so
>>216080982Microchips? Made in Taiwan. The USA always says that.
>>216080923It's all fun and games until you realize it's pension funds going balls deep in worthless chatbots that copy Reddit posts and when the pension funds go down the banking system is over.
>>216080914Looks perfectly reasonable to me, where was all this complaining when Apple were top dogs?
>>216079789>The overgrown chatbot with no critical thinking skills will change da world o algo
>>216079757What's with libcucks hating on AI? Also did they miss the part of when capitalism is based on bubbles?
>>216081161>Looks perfectly reasonable to meNvidia's revenue is only $130 billion, and their net profits are hundreds of billions of dollars in the negative. There's no way that Nvidia, a company that only designs chips, has a market capthe size of the German economy. The AI mania is just Tulip mania.
>>216081194Most of AI is useless. Only the code assistant and text processing AIs are useful. No one needs image generation or video generation.
>>216079757Kind of, but rather than completely bursting it will just slow down.
>>216081278People that make sissification smut games need those
>>216081267If AI will eventually take everyone's jobs and those who don't own assets become poor and unable to afford goods and services, will capitalism still even exist or will most of us end up living on the dole? Perhaps the migration and concentration of wealth in AI stocks is a precursor of that reality where enterprises in industries other than AI and automation collapse along with the spending power of the common man
>>216081691and if industries that demand AI and robots collapse, would there still be demand for AI?
>>216081278We need AI video generation so our presidential can shitpost on social media. This is a vital national security issue.
>>216081691I'm sure that in tons of jobs it will still be more profitable to just hire a human to do it instead of paying monthly for a specialized AI service as well as all the maintenance that goes along with it, especially in thirdie countries where tech is expensive considering the ammount of money people make
>>216081136Is that a bad thing?
>>216079789>Why would anyone waste their time reading or writingBecause they're ensouled human beings who enjoy art and dont see it as a problem to be solved most efficiently.
>>216084287What?
>>216084287That's a retrograde attitude.
>>216079867>Europe
EUsissies….
>>216083124What will happen to firsties who are too expensive to hire? Will they end up on UBI and struggle to get by?
>>216079757Yes.
>>216079757Yes and No. These AI companies do actually have a lot of value. There's some inflation right now, but no more than like the Railroad Bubble in the 1870s, or the Internet Bubble in the 1990s. Where there's a definite bubble, but the underlying product is extremely valuable. It is not a Tulip Mania or South Sea Company type bubble where its irrational.
>>216079789>Why would anyone waste their time working or reading or writing when they can have an AI do it ?Because critical skills. You don't want others to think for you.
>>216079789Would you entrust your nuclear deterrent to an ai prone to hallucinating? Your bridges? Your data?
>>216086353https://en.wikipedia.org/wiki/ASML_Holding>As of 2023 it is the largest supplier for the semiconductor industry and the sole supplier in the world of extreme ultraviolet lithography (EUVL) photolithography machines that are required to manufacture the most advanced chips.
>>216080467IP is king. ASML is overrated. EUV is necessary for the top of the line chips, but you could reverse engineer a machine for making a chip from 10 years ago and be self-sufficient. A processor from 2010-2015 is more than enough for business and military applications. Tokyo Ohka is the real bedrock of the lithography economy. Their photoresists are basically irreplaceable.
>>216080979Italy is the second manufacturer in Europe
>>216079839The UK has a negative economic value.
>>216080979Italy is actually a better industrial economy than Germany. There is only one good German industrial company, Zeiss.
>>216089564Why are you questioning AI's capability to manage nuclear deterrent?AI is obviously good and good for this task.According to [high impact peer-reviewed publication] AI is perfectly capable of export interface Task { title: string; description: string;}export type ApplicationTurnState = TurnState<ConversationState, UserState, TempState>;
I mean its obviously massively overrated currently in hopes of returning profits in the future. But what is the actual improvement it brings and has brought?There are some but its nowhere near how big the investments are.
>>216079757Shall we burst this bubble?
