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Daryl@lemmy.cato
Canada@lemmy.ca•While billionaires bet against the hyped up multi-trillion-dollar AI market, Canada’s government is doubling down
11·6 days agoI am referring to the entire dot com bubble collapse, not just the actual market plummet. Zuckerberg came in at the tail end of the dot.com bubble collapse, when investors were very shy and pulling out of their investments. Amazon survived through the entire affair,but took a big hit. The shock waves were still rippling through the market in 2004, but he was still pulling in millions in investment money even though there was zero profit. The burn rate was horrendous. Why was he pulling in investment money at a time when investors had lost fortunes? Because he had a sound business plan that involved financializing the user base through advertising. While other startups floundered, he knew the dot.com era, read it perfectly. Out of the ashes…
Daryl@lemmy.cato
Canada@lemmy.ca•While billionaires bet against the hyped up multi-trillion-dollar AI market, Canada’s government is doubling down
18·20 days agoSuch silliness throughout this article.
Might just as well run around yelling “The sky is falling!!! Head for the caves!!!”
Of course, the AI bubble is going to collapse, just like the ‘dot com’ bubble burst. With all the hype. misdirection, and false hope it generated, it is inevitable.
That does not mean that ALL the investments are going bust.
Facebook, Google, and many others were all part of the ‘dot.com’ bubble, and they certainly did not go down in flames.
Just like the dot.com boom, those who truly understand AI the way Zuckerberg understood the dot.com era, there are still fortunes to be made. Those who just think they understand, will be devastated. There is still a LOT of expansion room left in AI, the trick is sorting it out from all of the chaff that IS going to go ‘bust’. The winners are going to win very, very big. The losers are going to lose very, very big.
It’s all about knowing how to financialize AI.
An AI that just draws really cute, realistic caricatures will not make money because ANY AI can do it just as well. No advantage. It’s just routine ho-hum penny stock stuff. An AI that can foretell market fluctuations with amazing accuracy, now THAT is worth investing in. It is the patents that are valuable, not the concept of AI itself.
CHATbot failed miserably. It just gave you answers, essentially with no remuneration component. Properly financialized AI will give you answers to better buying ‘decisions’ - for a percentage, of course.
Daryl@lemmy.cato
Canada@lemmy.ca•Fact File: No 'plan' to 'euthanize' 15 million Canadians with MAID
9·26 days agoamong vulnerable groups — defined as “individuals with severe mental health issues, the homeless, drug users, retired elderly, and Indigenous communities”
Who missed that ‘Indigenous Communities’ thing?
This is right out of the ‘White Supremacist’ agenda, and tops even Hitler’s Germany.
Daryl@lemmy.cato
Canada@lemmy.ca•Fact File: No 'plan' to 'euthanize' 15 million Canadians with MAID
5·26 days agoSuch silliness. Who would pay for the ramp-up in mortuary facilities?
Considering that there have only been 13,287,523 total deaths in Canada since 1950, that is a huge step-up in demand.
Methinks they left out that bit about mass graves.
Or run the crematorium 24/7 until it melts or clogs.
Daryl@lemmy.cato
Canada@lemmy.ca•Fact File: No 'plan' to 'euthanize' 15 million Canadians with MAID
4·26 days agoSeven billion bullets are not cheap.
It is in point of fact accurate to say the Liberal party is more fiscally Progressive Conservative than say the party of Joe Clark.