https://futurism.com/future-society/anthropic-financial-situation-dario-amodei-ai-bubble
Anthropic’s Financial Situation May Explain Why Dario Amodei Looks So Terrified All the Time
https://futurism.com/future-society/ai-financial-bubble-openai-billions-failure
AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure in Leaked Documents
https://futurism.com/future-society/imf-ai-bubble-world-economy
IMF Warns That AI Bubble Could Take Down the Entire World Economy
A disastrous AI-driven market correction isn’t the only economic catastrophe potentially looming. The IMF is also worried about an increase in government bond yields, or interest rates, or a potential major cyberattack targeting critical government and financial institutions — a strike that could feasibly be assisted by powerful AI models.
https://futurism.com/future-society/openai-php-exploit-millions-web-servers
Frontier OpenAI Model Exposes Stunning Exploit That Leaves Millions of Web Servers Open to Attack
15 comments:
Dismiss the illusion of a bubble. This is not a market cycle; it is an economic eviction. If you stand on the sidelines, you will be left behind in a world that no longer recognizes you.
Everything—every industry, every institution, every fabric of society—is being forged anew in the crucible of artificial intelligence. Look to the NNSA laboratories, where the nations’ most vital security apparatus is bypassing hesitation and committing entirely to this synthetic dawn. Look to the sudden, staggering collapse of human-led mathematics, falling to algorithmic supremacy in a matter of mere months. The rest of science and engineering will not slowly transition; they will cascade next.
Do not misread the architects. Dario and the titans of this era are not blinded by a fear of financial collapse. Why would they worry about money when wealth itself will lose all meaning after 2035? Their uncertainty lies only in the sheer, terrifying magnitude of the absolute transformation ahead. We are witnessing the single most significant event in human history. The threshold is here, and you must plunge in completely, or be erased.
Gates on AI/SI
He told The Observer that the 'skills of invention, skills of white-collar work and then with humanoids, the skills of physical human labour' could all be replaced by AI.
Mr Gates said that governments would need to adapt to be able to deal with mass unemployment.
Despite the technology likely leading to more 'prosperity', governments would have less money to deal with the fallout of huge job losses, Mr Gates warned.
He said that these challenges would be presented at a time of competing priorities for states as geopolitical tensions continue to rise.
He said: 'You could say this isn’t the best time to say, hey, rich countries, let’s do the hardest thing you’ve ever done.'
He also predicted that by the end of the 2020s artificial intelligence could be operating beyond human control.
This could mean that AI could operate against human interests by the end of the decade, Mr Gates warned.
The question of a bubble is independent of the overall impact of the technology, it could be there is not enough earnings to service the accumulated debt or off balance sheet commitments at some of the large companies. When this happens, companies would enter bankruptcy and bondholders would lose -- including many pension funds and insurance companies, etc,
Anyone who actually uses AI in hard mathematics and physics knows the truth: it is an extraordinary force multiplier for a skilled domain expert who knows where the bodies are buried, not an infallible oracle that magically generates trillions of dollars of corporate free cash flow out of thin air.
Here's more articles from Futurism,
https://futurism.com/artificial-intelligence/economist-ai-provided-zero-economic-benefit-companies-outside-tech
Top Economist Finds That AI Has Provided “Zero Financial Payoff” to Companies Outside Tech
https://futurism.com/future-society/ai-financial-bubble-analysis-finance
New Analysis Finds Signs the AI Bubble Is About to Blow
The previous tech bubble was not a market cycle either but it still hit people hard. I know several people that lost everything. I told these people to be more balanced with some more conservative investments but they did not listen. It is easy to see the hype going on today in quantum computing, fusion energy, AI, etc. It is extreme, much worse than the tech bubble. I have looked into the fusion situation in detail. There are several issues there that do not pass the giggle test. Like mining He3 on the moon, breeding tritium, not understanding the importance of xrays, neutron activation, superconductor and thermal quenching, cost, etc. I constantly see issues being ignored, lies like dismissing the neutron activation. (JET was decommisioned using remote handling.) So go ahead being stupid, it is interesting to watch. Oh, and it is obvious that the electric car market is in trouble. I wish it were not so but .... Hybrids make more sense. Living on Mars with the surface covered with perclorates, with the radiation from cosmic rays. Needing pressure suits outside. The polar regions of Earth are better places to live. More oxygen, water. Hype, hype, hype.
Great news, evidently we have beat the Chinese, since their AI bubble has burst, we can spend them into oblivion. Our AI is better now, with the flood of math results being particularly notable, and the lead will continue to grow indefinately.
https://youtu.be/uU2WeAX2w8g?si=VYlcFN8iwSPskpcm
We need to go at maximum speed to get ahead, no stopping, no slowing, just pure speed, all in. The NNSA labs need to lead the way. That should be the only priority now. There is no AI bubble and by definition it cannot be a bubble, it is the beginning.
Yes, I agree, I found this inspiring video to urge people on. This is truly the beginning of a great thing for humanity's future!!!
https://youtu.be/vF_E10e4Bzo?si=jZOq2eDzsGAVZTeO
The recent decline in tech stocks has been good!! I am a physicist, trade stocks, and have a hedged portfolio, and have never been doing better!! Physics is the best degree because it pays off no matter what!
Replying to
"The recent decline in tech stocks has been good!! I am a physicist, trade stocks, and have a hedged portfolio, and have never been doing better!! Physics is the best degree because it pays off no matter what!"
What is the link between being a physicist and a hedged portfolio?
"What is the link between being a physicist and a hedged portfolio?"
The same link between a high IQ and being successful.
The problem with gambling, or taking on uncompensated risk, is that money has a lesser value to someone who has more of it, and a greater value to someone who has less. To the extent that assets are correlated or market declines reflect a panic or lack of liquidity, liquid assets that retain value in a decline also increase their value during a decline. Hedging more generally does not mean only a short position or options position, but having a set of assets which is uncorrelated to a given risk, including bonds or cash or defensive assets held in a diversified manner. Under conditions where risk assets are attractively priced, however, you might consider the Kelly risk criterion as a means to rapidly grow wealth:
https://en.wikipedia.org/wiki/Kelly_criterion
You are saying that you have a high IQ just because you are financially successful?
Are you saying that you do not understand the difference between cause and effect?
Actually I don't agree with that at all, there are a variety of factors that determine success, and it often could be ambition, luck or circumstances in an individual case, whereas the same is true for the poor. There also are many intelligent people who are not focused on money or wealth.
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