▲ 538 ▼ 'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later' (gizmodo.com) submitted 1 week ago by return2ozma@lemmy.world to c/technology@lemmy.world 208 comments fedilink hide all child comments
[–] wonderingwanderer@sopuli.xyz 11 points 1 week ago (8 children) ...to "meet demand." ... He's saying "there is no bubble." You'd think he would know better... permalink fedilink source parent hideshow 8 child comments replies: [–] thallamabond@lemmy.world 10 points 1 week ago* (5 children) Full disclosure, I did not read that. But I did see the headline. Now that I have read that, I feel like it is a cry for help. "Those who refuse to evolve are closing down their world. Those who condemn AI are themselves spitting upward," Son added. "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." J. Paul Getty how much skin does Softbank have in this game. permalink fedilink source parent hideshow 5 child comments replies: [–] wonderingwanderer@sopuli.xyz 5 points 1 week ago (4 children) Didn't they just start a partnership with one of the big US tech companies like 6 months ago or something? Sam Altman or someone like that has probably got their tendrils in this guy's head... permalink fedilink source parent hideshow 4 child comments replies: [–] Deckname@piefed.social 5 points 1 week ago (3 children) They are the ones, Oracle will soon not be paying anymore, because of Force Majeure (techcrunch.com) ... permalink fedilink source parent hideshow 3 child comments replies: [–] wonderingwanderer@sopuli.xyz 3 points 1 week ago (2 children) Eh, they're an evil company and all that, but the force majeure seems like a non-issue: Instead, the notice would allow the company to delay payments should the facility miss its 2028 target to come online. It just means if the development misses the contractual deadline, they don't have to pay until it comes on line. Seems reasonable to be honest, why should you be held to your end of the contract if the other party doesn't meet theirs? The real problem here is a combination of: the environmental and ecological impacts of the data center, the impacts on the local communities, the ethics (or lackthereof) of AI and lack of regulatory oversight, and the surveillance state that they're using it to build. Focusing your critique on the force majeure just kind of misses the point permalink fedilink source parent hideshow 2 child comments replies: [–] Deckname@piefed.social 2 points 1 week ago (1 child) It wasn't meant as a critique, sorry it sounded like that! I meant it more like idiotic statements like all of the tech morons are making right now. The real critique with "AI" is elsewhere, as you rightly put it in your reply. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Ah, I see. I guess I didn't know where you were going with it then permalink fedilink source parent [–] hark@lemmy.world 2 points 1 week ago (1 child) Well it is SoftBank. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Guess I'm going with AU then 🤷 permalink fedilink source parent
[–] thallamabond@lemmy.world 10 points 1 week ago* (5 children) Full disclosure, I did not read that. But I did see the headline. Now that I have read that, I feel like it is a cry for help. "Those who refuse to evolve are closing down their world. Those who condemn AI are themselves spitting upward," Son added. "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." J. Paul Getty how much skin does Softbank have in this game. permalink fedilink source parent hideshow 5 child comments replies: [–] wonderingwanderer@sopuli.xyz 5 points 1 week ago (4 children) Didn't they just start a partnership with one of the big US tech companies like 6 months ago or something? Sam Altman or someone like that has probably got their tendrils in this guy's head... permalink fedilink source parent hideshow 4 child comments replies: [–] Deckname@piefed.social 5 points 1 week ago (3 children) They are the ones, Oracle will soon not be paying anymore, because of Force Majeure (techcrunch.com) ... permalink fedilink source parent hideshow 3 child comments replies: [–] wonderingwanderer@sopuli.xyz 3 points 1 week ago (2 children) Eh, they're an evil company and all that, but the force majeure seems like a non-issue: Instead, the notice would allow the company to delay payments should the facility miss its 2028 target to come online. It just means if the development misses the contractual deadline, they don't have to pay until it comes on line. Seems reasonable to be honest, why should you be held to your end of the contract if the other party doesn't meet theirs? The real problem here is a combination of: the environmental and ecological impacts of the data center, the impacts on the local communities, the ethics (or lackthereof) of AI and lack of regulatory oversight, and the surveillance state that they're using it to build. Focusing your critique on the force majeure just kind of misses the point permalink fedilink source parent hideshow 2 child comments replies: [–] Deckname@piefed.social 2 points 1 week ago (1 child) It wasn't meant as a critique, sorry it sounded like that! I meant it more like idiotic statements like all of the tech morons are making right now. The real critique with "AI" is elsewhere, as you rightly put it in your reply. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Ah, I see. I guess I didn't know where you were going with it then permalink fedilink source parent
[–] wonderingwanderer@sopuli.xyz 5 points 1 week ago (4 children) Didn't they just start a partnership with one of the big US tech companies like 6 months ago or something? Sam Altman or someone like that has probably got their tendrils in this guy's head... permalink fedilink source parent hideshow 4 child comments replies: [–] Deckname@piefed.social 5 points 1 week ago (3 children) They are the ones, Oracle will soon not be paying anymore, because of Force Majeure (techcrunch.com) ... permalink fedilink source parent hideshow 3 child comments replies: [–] wonderingwanderer@sopuli.xyz 3 points 1 week ago (2 children) Eh, they're an evil company and all that, but the force majeure seems like a non-issue: Instead, the notice would allow the company to delay payments should the facility miss its 2028 target to come online. It just means if the development misses the contractual deadline, they don't have to pay until it comes on line. Seems reasonable to be honest, why should you be held to your end of the contract if the other party doesn't meet theirs? The real problem here is a combination of: the environmental and ecological impacts of the data center, the impacts on the local communities, the ethics (or lackthereof) of AI and lack of regulatory oversight, and the surveillance state that they're using it to build. Focusing your critique on the force majeure just kind of misses the point permalink fedilink source parent hideshow 2 child comments replies: [–] Deckname@piefed.social 2 points 1 week ago (1 child) It wasn't meant as a critique, sorry it sounded like that! I meant it more like idiotic statements like all of the tech morons are making right now. The real critique with "AI" is elsewhere, as you rightly put it in your reply. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Ah, I see. I guess I didn't know where you were going with it then permalink fedilink source parent
[–] Deckname@piefed.social 5 points 1 week ago (3 children) They are the ones, Oracle will soon not be paying anymore, because of Force Majeure (techcrunch.com) ... permalink fedilink source parent hideshow 3 child comments replies: [–] wonderingwanderer@sopuli.xyz 3 points 1 week ago (2 children) Eh, they're an evil company and all that, but the force majeure seems like a non-issue: Instead, the notice would allow the company to delay payments should the facility miss its 2028 target to come online. It just means if the development misses the contractual deadline, they don't have to pay until it comes on line. Seems reasonable to be honest, why should you be held to your end of the contract if the other party doesn't meet theirs? The real problem here is a combination of: the environmental and ecological impacts of the data center, the impacts on the local communities, the ethics (or lackthereof) of AI and lack of regulatory oversight, and the surveillance state that they're using it to build. Focusing your critique on the force majeure just kind of misses the point permalink fedilink source parent hideshow 2 child comments replies: [–] Deckname@piefed.social 2 points 1 week ago (1 child) It wasn't meant as a critique, sorry it sounded like that! I meant it more like idiotic statements like all of the tech morons are making right now. The real critique with "AI" is elsewhere, as you rightly put it in your reply. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Ah, I see. I guess I didn't know where you were going with it then permalink fedilink source parent
[–] wonderingwanderer@sopuli.xyz 3 points 1 week ago (2 children) Eh, they're an evil company and all that, but the force majeure seems like a non-issue: Instead, the notice would allow the company to delay payments should the facility miss its 2028 target to come online. It just means if the development misses the contractual deadline, they don't have to pay until it comes on line. Seems reasonable to be honest, why should you be held to your end of the contract if the other party doesn't meet theirs? The real problem here is a combination of: the environmental and ecological impacts of the data center, the impacts on the local communities, the ethics (or lackthereof) of AI and lack of regulatory oversight, and the surveillance state that they're using it to build. Focusing your critique on the force majeure just kind of misses the point permalink fedilink source parent hideshow 2 child comments replies: [–] Deckname@piefed.social 2 points 1 week ago (1 child) It wasn't meant as a critique, sorry it sounded like that! I meant it more like idiotic statements like all of the tech morons are making right now. The real critique with "AI" is elsewhere, as you rightly put it in your reply. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Ah, I see. I guess I didn't know where you were going with it then permalink fedilink source parent
[–] Deckname@piefed.social 2 points 1 week ago (1 child) It wasn't meant as a critique, sorry it sounded like that! I meant it more like idiotic statements like all of the tech morons are making right now. The real critique with "AI" is elsewhere, as you rightly put it in your reply. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Ah, I see. I guess I didn't know where you were going with it then permalink fedilink source parent
[–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Ah, I see. I guess I didn't know where you were going with it then permalink fedilink source parent
[–] hark@lemmy.world 2 points 1 week ago (1 child) Well it is SoftBank. permalink fedilink source parent hideshow 1 child comment replies: [–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Guess I'm going with AU then 🤷 permalink fedilink source parent
[–] wonderingwanderer@sopuli.xyz 2 points 1 week ago Guess I'm going with AU then 🤷 permalink fedilink source parent