Come on now, Nvidia is making money. Nvidia then just gives it back to them to make more money is all.
this post was submitted on 06 Jun 2026
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Yeah, Nvidia invests in Open AI, Open AI uses that money to buy Nvidia chips. More people invest in Nvidia because it's revenue keeps growing.
Charles Ponzi would be proud.
It's all a scam. If you can max out now, you can rob the index fund investors.
ERROR: Capitalism has no idea how to deal with this situation.
I'm actually kinda fascinated with how this will shake out. This isn't like one or two companies making a bet. The entire S&P500 is pushing Ai.
Well, here's hoping a few investors do a flip before they hit the pavement.
This is capitalism working exactly as intended. People with capital are using it to guide businesses to make them more money.
The mistake is thinking that capitalism is motivated by a healthy economy, when the theory is that if everyone is aggressively selfish then the economy will naturally become healthy and efficient.
The people making money are counting on making their money as investors keep pumping more in. The investors are all aiming to be the last one to sell before the crash. Russian roulette venture capitalism. (In some cases they think the economy will tolerate 1-2 companies and they're aiming to buy a controlling interest in a company worth 2% current value after the correction, and in others they just have so much money that a few billion is a minor bet - BlackRock comes to mind, with more than $10 trillion to invest)
If you look at 2008, we had a similar-ish situation with a major portion of the economy being invested in mortgage based investments.
People only saw the percentage returns and not the human cost. We haven't learned our lessons and are doomed to repeat the same scenarios.
That's not nice. Think of the people who clean that pavement.
Wat? Capitalism knows exactly how to deal with this situation. People who still have faith in the companies will keep loaning them money or buying their stock or investing in them in other ways, and people who don't have that faith will stop doing those things. Eventually each company will either succeed or run out of believers and die. It's a very common scenario.
Are you seriously suggesting companies live and die by the free market?? Those poor failing companies need taxpayer bailouts.
I would include SpaceX in that category too.
Somebody mentioned today that reddit has been losing money for 17 years.
edit: my bad, apparently they lost money for 17 years before finally turning a profit about a year and a half ago. Anyway the point is that it can take a long time.
The norm for tech companies was to continue to burn cash after IPO for years and years to capture market share and worry about monetization later.
I'm no financial wiz but the Wikipedia says they had half a billion in income on 2.2 billion revenue.
Yeah, it looks like they first turned a profit in 2024, like $25 million and last year it was half a bil. Maybe what I saw was that they lost money for 17 years before that, I dunno.
The arc of technology progress since the crash in the early 2000s has been pump and dump scams perpetrated on the entire market.
'At some point you've got to make money'
Hey hey hey, now, that's loser talk. Here, c'mon, let's snort a ton of coke.
That sounds like something The Wolf of Wall Street would say
Don't you worry about Wall Street, let ME worry about blank!
A lot of people working in finance were not alive when that movie was taking place and like the movie Wall Street the ones who watched it learned all the wrong lessons.
I want to see everyone hop on the IPOs and ride them all the way down to the floor!
Fuck AI
If I wasn’t convinced the entire financial system was fraudulent I would be shorting the fuck out of all of them
so if they actually find a way to get offered it would make sense to short the fuck out of them, right?
or...would it be the opposite because the market is clearly broken?
No matter what choice you make as a small investor, it's the wrong one. Brokers and market makers make sure of it.
I'm not much of an AI skeptic compared to most on Lemmy. I think the technology is incredibly useful and probably beneficial to society if we can remove the control of the ruling class.
That said I truly don't understand how the AI business model is supposed to work. I'm sure there is some market for businesses, governments, etc., basically people who have too much money who may want to pay for the latest and greatest models.
But I don't really see the average consumer doing this when slightly less good versions will almost certainly be available for free. And the above customers will not be able to support the level of investment that's going on right now.
This isn’t directed at you specifically, but just the broad sentiment that people are coming now OK with AI even though people kinda I guess forgot that like AI stole and ripped all of our information books. Music works of art all of it’s stolen ya know. But I’ll digress it doesn’t matter anymore.
I think it matters. I do think the technology is interesting and useful, but if you create something using AI models based on license violations then what stops someone from taking it? What standing would you have in court to say that it's yours? Why is the AI model "fair use" but a thing made with it is proprietary? These are things yet to be fully determined, but given that training and running AI is not cheap these companies are building on sand IMO.
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technology is incredibly useful and probably beneficial to society
For what? It's not reliable enough to actually automate anything and people that use it regularly inevitably stop checking the output and start falling victim to hallucinations. It's pretty good at rifling through social media posts which I don't think is good for society and it's OK as a frontline support system but even that they normally go too far and just make it infuriating
I automate plenty with it, no you cant be an idiot about it but i can do what used to take me weeks in hours with it.
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How is the technology useful?
For the love of Asimov, someone please explain.
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Probably the least controversial take on the threadiverse but i stumpled upon Ed Zitrons Blog like maybe two years ago. I've read a few posts of him since then and i just watch the shitshow unfold tbh. Its not that i 100% believe in his predictions. But he has made his point. I'm just an average fuck. I dont know shit. But it was so far the most believable and backed up assessment of the current AI situation.
I make barely enough money to afford my rent in bumfuck europe. How the fuck am i more informed about AI then some CEO? WTF.
- replacing human workers is their fondest dream so they want to believe so hard
- they have FOMO "everyone else is doing it and I don't want to lose out"
- everyone else is doing it and if they didn't do it and were wrong, it would be worse for their reputation than following the pack and being wrong
- c suite types talk to each other and they've formed an echo chamber
In summary, CEOs (of large public companies anyway - your mom and pop plumber could also be a CEO) are not smarter than the average person. Just more amoral and having the connections to be CEOs
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