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Joined 2 years ago
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Cake day: June 10th, 2023

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  • But I’m not saying the jobs lost by AI companies collapsing is gonna cause a recession, I’m saying the AI bubble collapsing, bringing down the stock market with it, will cause a recession and loss of jobs. 35% of the S&P is made up of stocks in the top 7 US tech firms. The stock market is extremely skewed towards these 7 firms, and a large part of their current evaulation is made up from speculation of potential AI returns. When the bubble bursts, everyone who is invested in these firms will feel it. As I said, the top 10% of Americans make up 50% of consumption, can’t find a confirmation but I think that’s the highest in modern history. If this 10% suddenly looses 30-40% of their wealth because a stock market crash, this consumption will be severely affected. They won’t buy as many fancy goods, won’t go on expensive vacations, in general will do much less. We can argue whether having a class of people like that benefits the economy or not, I’d say it doesn’t, but the fact of the matter is that if the stock market were to crash because of AI companies, everyone is affected, because of how much money the 10% spend.


  • I don’t understand what your point is? I’m merely expanding on OP’s question and stating the fact that the way things are currently, when the AI bubble bursts poor people will feel it the most. Trickle down economics doesn’t work because if you give 100 bucks to a rich person, they’ll spend like 5 of it. If you give it to a poor person, they’ll spend all of it. But that has nothing to do with the fact that if the bubble bursts right now, poor people aren’t going to somehow get any of that money. They will loose their jobs, because the economy slowed down and nobody is buying anything and their jobs aren’t needed anymore. They will just suffer more and rich people will buy up their houses that they now have to sell at bargain prices.


  • I agree, but that’s just another factor, and it will also cause the stock market to crash, among other things.

    Also, the worst thing is he won’t get American factories to be built. Maybe one or two, but no one in the right mind is going to relocate large amounts of manufacturing to the US when tariffs are coming in and out of effect all the time. Tariffs only work for increasing manufacturing if companies believe they will last a long time. If companies think a tariff will last a month or a year, there’s no point in making a factory that will take two, three years to build and then five years to become net profitable, because by the time the factories finished and the tariffs are gone, everyone that still has a factory outside of the US will just out compeat that factory with lower prices.








  • I feel like it’s a testing ground for new features for them, but not sure why some aren’t yet integrated. Best guess: the PowerToys team has less red tape and checks to go through than the Windows team to allow for faster iteration, but that means that integrating the features wouldn’t be just the click of a button since they’d have to adapt it to fit the Windows style. But this is just a wild guess.



  • I don’t think smart glasses are going to be completely standalone anytime soon. Chip technological progress has been relatively slow in the past years, and I think we’re plateauing a bit with how much you can physically shrink transistors. Maybe there will be a technological breakthrough that will allow much more powerful chips at much smaller sizes, but I feel that’s not gonna happen in any sort of near term. I think glasses are going to become companions for phones and that most processing will be done on phones. As for my thoughts on the glasses themselves, I don’t really know what I think about them. I would be much more comfortable if they were completely locally processed without touching the cloud, but even then it is a bit weird to constantly have cameras looking at you all the time.





  • Honestly, from what I’ve seen, I actually agree with Macron here. France’s debt is unsustainable, something needs to be done, and nobody wants to do anything. Both Le Penne and Melenchon are calling for policies that will increase the debt burden, yet any attempt to reduce it is getting struck down at the mere thought. A retirement age of 62 in a country with an average life expectency of 82 (and many people living over that) is crazy to me, especially at a time when there are more and more old people compared to working-age people. That isn’t sustainable, but any mention of raising it gets insane backlash. You can’t really raise taxes much more, they’re already high, you can for wealthy people, but that will only go part of the way, and with the new NATO targets, if nothing is done, I feel like France will become another Greece.



  • He will look for answers literally anywhere, except for within.

    The tech scene is just not as interesting anymore

    He has literally publicly talked about this many times, he is very much aware of this fact and has stated that he’s always looking for things that he can try and make interesting.

    and the stuff he specifically covers is even less interesting. But the bigger issue is that everything LMG do is just corporate jank. It was fun when it was home garage jank, with 2 employees, but now it’s just miserable and frustrating

    On this part, I honestly don’t quite get it. It’s definitely a bit more corporate now, they are a 100 person company, but when it comes to the videos, I don’t really see what else you’d want them to do? Sure they have some sponsored videos every now and then that are just showcases of a specific product, but even then I typically find them relatively interesting. And they still have a lot of videos where they’re trying to build novel stuff and thinkering. Yeah, sure, it’s typically on a higher level than what the average Joe would be capable of doing in their backyard, but I still feel like there’s a place for it. Take one of the more recent videos, the one with the double-decker table. It’s extremely cool to me, they took a regular table and a sit-to-stand desk, put one on top of the other, and made effectively two desks in one, one for gaming and one for a hobby. It’s not something I’d build for myself, but it’s a really fun concept.