The sharp drop is the latest sign of anxiety creeping through Wall Street over how long it will take AI companies to see returns on massive investments.
  • radiofreebc@lemmy.worldEnglish
    0·
    7 days ago

    Pretty soon the stock market is just going to be GameStop, and the people who believed that stock was showcasing the fundamental cracks in the market. Wall Street has never cared as much about investors, as when it comes to warning people what a risky stock GME is…but that’s just because they’re Marianas Trench level underwater shorting that stock.

    GME will be the last stock standing when it all comes undone.

    Ad hominem attacks and FUD incoming in 3…2…1…

  • schipelblorp@sh.itjust.worksEnglish
    0·
    9 days ago

    But all that AI is coming at a massive cost to Alphabet, which disclosed that it has committed to more than $1 trillion worth of multiyear spending agreements to fund the infrastructure, energy and leases required to run AI systems.

    This is the problem right here: lack of faith. Google should announce $3 trillion in new AI commitments. Stock market are just a bunch of pussies that can’t clap hard enough for Tinker Bell to live.

    • Guy Dudeman@lemmy.worldEnglish
      0·
      9 days ago

      Did you see the part where their revenue was down because fewer ads were being served because people are using their stupid AI summaries instead of searches? God, these people are short-sighted.

      • TeaWithDani@lemmy.worldEnglish
        0·
        8 days ago

        There’s also been a multiyear trend of dropping ad sales overall, especially with higher quality companies. Meaning they need far more impressions of the same buyers to make ends meet.

        They are all experiencing a recession, hidden by the Ai bubble, so the only people buying ads are lower quality scam companies, gambling and other bullshit. These are less sustainable clients that can vanish at any moment.

        Ads targetting people who cant afford to buy things are also not super viable.

      • criss_cross@lemmy.worldEnglish
        0·
        8 days ago

        They’re betting that they can slowly start incorporating ads into those AI summaries.

        EDIT: However that’s a losing bet as anyone can get a local model that can do a search like that without the enshittified model.

        • Meatwagon@piefed.blahaj.zoneEnglish
          0·
          8 days ago

          The common person is not tech literate enough for that.

          On my end, I would love to do that but 1 ram is 10 billion dollars and I was a fool who didn’t upgrade to 32g when I could.

          • Malica@lemmy.zipEnglish
            0·
            8 days ago

            It’ll come back down in a few years. Chinese ram is pretty good too I hear

      • Valmond@lemmy.dbzer0.comEnglish
        0·
        8 days ago

        You talk about those people who had a close to a search monopoly, and to make the line go up, degraded results so people would spend more time searching (and thus being exposed to ads)?

        • athatet@lemmy.zipEnglish
          0·
          8 days ago

          If you tell someone to look something up you say “google it” even if you aren’t talking about a computer. They had the entire world by the balls and they threw it away on the actual dumbest shit.

  • some_guy@lemmy.sdf.orgEnglish
    0·
    8 days ago

    We’re gonna see a bloodbath as the whole thing teeters over the edge and then falls. Trade wars, real war, stupid decisions from an orange asshole. It’ll all add up. We’re about to be cooked.