Comment by lazide

Comment by lazide 16 hours ago

Tulips also grew and could be bred.

The actual underlying models of productive output for these AI tools is a tiny fraction (actually) of the mania, and can be trivially produced at massive quantity without the spend that is currently ongoing.

The big bubble is because (like with tulips back then), there was a belief in a degree of scarcity (due to apparent novelty) that didn’t actually exist.

fragmede 16 hours ago

Just like the beautiful woman who's luxury bag purchase she doesn't actually need, we can sit here and judge her for it, but at the end of the day it's not our money she's buying Louis Vuitton with, and we're not the one she's going home with.

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lazide 15 hours ago

Non sequitur of the day?
Anyone who owns shares in US companies (most people here) both are ‘going home with’ the companies involved, and are buying ‘the bags’.
Not to mention all the people buying the bonds used to fund the whole AI data center buildout, which is a ton of probably pension funds and old folks planning for retirement (also probably more than a few millionaire/billionaires!).

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- fragmede 6 hours ago
  
  Not to blame the victim, but if you're not in control of how you spend your money, that's really on you. Don't try and put that on someone else.
  
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  lazide 4 hours ago
  
  Hahah, if you think anyone even knows how much of their money got spent on this, you’re living in fantasy land.
  
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