Has anyone else noticed the recent resurgence of mechanical turk jobs? It’s all AI training work. Before the work was doing tasks directly. Now they have people training tailored AI models.
In other words the tech bros have found get another way to shoehorn themselves in as a middle man. Instead of having workers do the work itself. Now the work is delegated to AI. Which is trained to do the task by humans.
At first it said the LLM era was the end of mechanical turk work. It’s going in a circle back to mechanical turks again.
Well yeah. Sam Altman just came out and basically said he needs a few trillion dollars and government backed loans. This shit is going to be BAD.
Now I most definitely don’t want it to pop 🤣 moreso because the reality is the bubble popping doesn’t hurt them it only hurts all the idiots who spent their meager earnings on this shit.
The rich never suffer, other than having to buy the smaller yacht.
If he needs a straight pin to pop it I can send him a couple
This is in a category I’d like to call hopebait. People so badly wish things they feel are bad simply stopped themselves, that they’ll upvote anything that appears to confirm this.
In this instance, there is nothing of substance in this article to suggest the end of anything is anywhere near in sight.
One guy, who makes bets constantly, made another bet.
Seriously the stock market can remain irrational longer than you can stay solvent.
People are idiots.
Is there a consensus there’s an AI bubble? Sure?
Can anyone predict what will happen? LOfuckingL
There’s an AI bubble?
I was pretty certain it was grifts all the way down lol
I’m thankfully OoL enough but I guarantee there are some AI backed crypto out there which is so deliciously awesome given the double down on smoke and mirrors.
I think it’s all the way up in this case
I’ve got a problem with articles like this: “The guy who got it right once is betting a second time he’s going to get it right”. and then the article continues: “Even though he’s got it wrong a bunch of times since, he got it right that one time… So this has gotta be his second time!!”
The odds of being right x times in a row must be really low, correct?
I just phoned a business today that ended up with an “AI receptionist” when they didn’t answer the phone.
They wanted to take my name down, asked who I was leaving a message for, and then recorded the message…
My god what a painful process that was. It was absolutely useless. Firstly it got my name wrong, and then the name of the person I was leaving the message for wrong. No “Janet” my name is not Don it’s John, and no I’m not leaving a message for Kim Its for Kam. And then it needs to repeat your entire message back to you in order to make sure it didn’t fuck it up which amazingly the message was probably 95% okay but it was a giant waste of my time when a FUCKIN VOICEMAIL WOULD HAVE SUFFICED
an online store, for games used a fully AI agent as a CS, it was giving them the run around, till i kept asking about escalting it, finally it was able to either contact them shortly or through email.
Had an issue with Comcast today. They forced me to use their Xfinity app, but what I needed to do wasn’t an apparent option within the app. The only option I saw was a support chatbot. The chatbot listed a link to the option I was looking for. The link opened a webview within the Xfinity app, in which there was a link to download the Xfinity app.
Unnecessary Apps and chat bots. Two of my least favorite things referring me back and forth, forever, in an endless loop.
comcast is probably the worst cs, plus they always trying to pedal you shit.
Peddle but yes, they’re monsters
referring me back and forth, forever, in an endless loop
Just like they intended.
I’m reading along and I’m im like, “yep that’s dumb and that’s dumb, and that’s dumb. Yep that’s dumb and that’s dumb too.”
Then I read the last 7 words and, “Oof… yeah that is REALLY FUCKING DUMB”
What does his height have to do with anything? Are we body shaming?
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Huh. I understood that as “big player in shorting world”
You understood that part correctly, but misunderstood the joke
It’s a movie title ‘the big short’ which tells the story about the housing market bubble crash
My money is on the American bubble popping. China would do just fine. As to Europe’s? Probably not developed enough to seriously impact them, but probably able to fill America’s void once the bubble action has died down. America is pretty fucked in general, so it isn’t so much AI in particular, but rather a ghost economy.
Something based on imaginary stocks, grift, de-industrialization, ghost jobs and falsified labor statistics, likely mixed with a debased dollar, just doesn’t bode well.
Most of the European digital infrastructure is caught in the web of Microsoft, and will be pulled down with it when Microsoft inevitably lose their bets on AI.
Europe should focus mlre on using mivrosoft, google and amazon (european) alternatives
What a shitty take. Imagine betting on something with a poor human rights record and countless privacy violation. America may have it’s faults, but it will get ironed out like it always does. I’m hoping for everybody’s sake that China doesn’t become the new global superpower. America has the soft power thing down to the t at least.
As for the other claims you made, source?
In my humble opinion Bush kind of fucked America up, but that is fixable.
Dude. I live in the US, and would like it to be a super-awesome place that genuinely leads the world in morality and prosperity.
Unfortunately, my nation has been going down the toilet. If you haven’t noticed, things like ICE’s raid on Hyundai, the undeclared war and crimes upon Venuzela, over 1,800 people disappeared from Alligator Alcatraz, Mike Johnson refusing to open congress, the SNAP denial, and other bouts of malicious stupidity are very bad signs for the future.
In any case, I don’t like China, but it is likely to be a superpower for awhile until India or someone else takes the crown. The crown was America’s to lose, and I am pretty sure we are losing it.
Something based on imaginary stocks, grift, de-industrialization, ghost jobs and falsified labor statistics, likely mixed with a debased dollar, just doesn’t bode well.
This is literally describes China, what are you even talking about?
It is a matter of degree. While China has issues, America’s is much worse across the board.
Again, what are you even talking about? Literally everything you listed China is doing much worse in, not to mention other major issues like a demographic crises on top of everything else.
You’re an actual moron if you truly believe that.
even if chinas AI doesnt work out, they probably do a slow deliberate fall, orchestrated by the ccp. much like they did with the evergrande ponzi scheme.
I do think there is an AI bubble, but “guy who bets against things, bets against the latest thing”
It’s like the dotcom bubble. Everyone got all excited thinking the internet would be the next big thing, change the world, revolutionize the way we do business. And it did. But not without a lot of hot air and snake oil getting sold along the way.
Not really comparable, maybe. This is more scam and less substance… There is no definition of “AI”, is there? If you bring up the fundamental problems with genAI, they just pivot to expert systems. Classic scam artistry. They know they’re selling hot air, promising digital workers that are already complete failures.
Of course computers will continue to be used in various ways … Just like we’ve seen since 1951, right?
I can easily imagine having this conversation with someone in the late 90s, when there was so much excitement about the internet. If, as a skeptic, you were to ask me why the internet was really needed or why anyone would take the trouble to connect to it on a daily basis, I wouldn’t have been able to give a complete and correct answer, not being able to predict the future with any accuracy.
But AI is already super useful as a tool for sifting through data, finding patterns and acting based on patterns. Its potential applications in medical diagnostics or surveillance (yes, I hate that too but it is what it is) are huge. People like to shit on LLMs but they do go beyond what search engines or scripts can do. But the real question is what AI will be in the next decade or so. And much like the internet in its early days, we can only guess at its future capabilities, how it will integrate with our lives, what will take off, and what is just a scam. Everyone is selling ideas that don’t work yet but seem exciting. But just because it’s inflated, oversold, and often untrustworthy, doesn’t mean that AI as a whole is just a mirage. It will be huge, and change our world fundamentally. That said, I’m still shorting Palantir ;)
Burry also lost money since 2008 making shorts like Tesla. The Big Shart.
I mean, he is not wrong per se, he just had the wong timing.
With shorts timing is all that matters.
…what if he had the Jiang time?
Looks like very mixed returns. Which is what you’d expect from a strategy of betting on areas that are significantly overvalued.
The market can remain irrational for longer than you can remain solvent
See Bill Ackerman and Herbalife.
Federal regulators should have shut that shit down ages ago, but the grifter party loves MLMs (look at how the DeVos family made their money…)
Ackerman and Valeant. He promised congress he was going to stop price gouging on drugs.
Nah.
Oh god, I just saw another storefront in my local area that popped up. My coworker dragged me in there, and aside from the incredibly overpriced products, the countertops were loaded with pamphlets on doing the herbal life thing.
Can investors remain irrational long enough for OpenAI to remain solvent?
They have been irrational longer than you’ve been an investor. They have become exceedingly efficient at it.
Nvidia down ~8% this week, Palantir down ~10%
Maybe the needle really is shifting.
Maybe, but he’s also been super wrong a bunch of times on his skitzo twitter account so grains of salt and all that. Not saying the guy isn’t smart, clearly called one of the biggest systemic crisis of our times, but he struck gold once and struck out a bunch more often.
Because it’s more likely that he got lucky once and his short position was strong enough that he could keep paying the premiums than it is that he is some super genius who knew something noone else knew
Which would explain why the Fed is dumping trillions of dollars into banks right now.
A billion dollar bet against a trillion dollar bubble. Cute.
That really depends on how much money he has.
I could t afford to bet a thousand bucks against it.
