this post was submitted on 30 Mar 2025
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Actually it's the investors that wanted some gimmick to sell a billion brand new iPhones that's the letdown. AI is just a bunch of bytes that can't do anything unless someone's greed gets it to do something.
I hate these kinds of articles because they keep making excuses for the actual problem. I mean right there, it was right there in the story and CNN buried the lead.
It's right there and CNN and many other media keep handing out passes on it blaming something else. Investors are greedy ass bastards and will use literally anything from magic beans to snake oil if it means they can make five extra cents. The investors, the Wall Street bastards are the problem. THEY ARE THE FUCKING LETDOWN. Never forget that.
I bet my fucking left kidney, that if there's a "victory" over AI and it goes away. Those bastards will be back with some new flashy thing nobody asked for. I bet both my fucking kidneys, that's how sure I am of it. Nobody solves shit, unless they solve that first.
it goes deeper than just “investors are greedy” though. Most people making these investment decisions are doing it at the behest of other people who have handed them their saving in exchange for returns. Those people aren’t privy to the nature of how money is getting invested and why, they hire someone else for that, the investors.
The investors may be making short sighted, stupid decisions, but they’re doing it because they’re pursuing their own personal incentives, get a raise, a promotion, or just not get fired. The managers are doing the same. If they don’t do it, someone else will.
It’s not the fault or moral failing of any one individual, but a fault in the system of incentives. A failure in the fundamental structure of how we decide how investments are made, in how we accumulate capital for investment.