Europe Pub (PieFed)AI companies rn be like...
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PlaidBaronhttps://lemmy.world/pictrs/image/b7118e9f-0d63-4284-a5f3-4079929129e9.jpeg
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Micron is pulling out of consumer RAM entirely.
Apparently because they think AI is still a good bet?
From a purely short-term economic standpoint, it is VIOLENTLY more profitable to go whole-hog with AI right now. Once the bubble pops though, they will regret it.
Who is the they in this scenario?
Because it isnāt the people making the decisions. They will be long gone.
How quickly can they pivot though? Doesnāt this indicate that they think thereās a long term profit?
There is no such thing as long term profit in the year of our lord.
They will have all that inflated ram money and if they donāt spend it like morons they can return to selling ram at normal prices as oem rather than āburned up leftovers from some AI farm.ā The consumer market will still be starved by the AI buyout for some time even after the burst.
As long as the big boys make more infinite money, all is right
āAI companies,ā i think you mean your retirement savings managers
Thereās already talk about opening up private AI companies to retail investors (aka regular people). Once that happens and people get fleeced one last time, then itās going to end.
We are close to the final stage but not yet.
Currently weāre at the peak NFT stage when everyone was generating their own slightly different monkey.
Is that the same thing as an IPO?
Oh no, nothing normal like that
https://www.fintechweekly.com/magazine/articles/robinhood-private-ai-investing-retail-access
infinite loop, paying with the otherās money
This is basically how stock market work. All those billion dollar companies are ballooned assets in reality.
I wonder how better off society would be without Zucc, Lone Skum, Peter āAnti-Christā Thiel, and Scam Altman.
Not much better at all, tbh. The problems are systemic, not individual. Another Zucc or Thiel would step up.
Sure but one has to admit lashing these profligates to a cross or sacrificing them in a BlĆ²t would be rather satisfying.
A broken system will eventually work when the broken pieces have been replaced.
Not when the system selects and creates broken pieces.
Itās sad because at least with public companies they must disclose important information to investors. With private capital, this is really only feasible for investors with large capital and leverage. Smaller investors may as well buy lottery tickets than I vest into any private capital.