The most obvious global collapse of a stock
Finally … move on to something else.
Millennials out here preparing for their 5th once in a lifetime market crash.
I went through the oil embargo 70s, a couple of Reagan recessions, a Bush I recession, all before 2000, when Republicans really got their nation-destroying chops together for some proper, world class economic irresponsibility.
Sixth for GenXers. So tired of this shit.
We must be cats
I’m just waiting for cheap 60xx series gpus.
I feel like I’m taking crazy pills.
That’s the base of the new food pyramid.
Let’s see 2000, 2008, 2020, what am I missing?
History rhymes so 202…
It’s good to have crashes regularly, that’s when you can buy on the cheap
Now if only I had money
All of mine is tied up in the stock market!
Wait
You mean the big short guy will earn money? Interesting. Hopefully that means I also happen to earn money as well.
Oh Let it burn, let it burn, let it burn, oh won’t you let it burn, oh won’t you won’t you let it burn, oh let it buuuuurn oh won’t you let it burn, oh won’t you let it buuurn! 🎵
Holy shit. That’s almost one Elon Musk’s Salary dollars
That’s more or less how I deal with any economic numbers these days. Just one mans salary. No big deal.
He eventually buys up all ai companies for nickels on the megadollar and copy strikes all unauthorized ai providers.
The only resistance left is the decentralised group of people running outdated and decensored LLM’s for erotic RPG.
We’re doomed
It always amazes me just how stupid all these billionaires actually are. It just highlights the fact that they did not actually “earn” that wealth, in the first place. If it were truly a matter of talent and skill, they wouldn’t be crashing the economy every five to ten years…but here we are, for the fifth(?) time in the last few decades?
You may think it’s stupid but these people are still going to make ass loads of money out of this entire ordeal. Because the entire system is rigged in their favor.
Its like the movie Big Short where despite news of bankruptcies stocks kept going up for a long time. It was when the banks shored up their own shorts that they actually let the market crash.
You get a bail out! You get a bail out!
The crashes are deliberate. It allows them to scoop up infrastructure for pennies on the dollar. It’s not a coincidence that the largest ever upward transfer of wealth occurred during COVID. That was the elite consolidating their holdings. And evidently, they’re not exactly satisfied yet and want even more.
Crashing the economy is only stupid if you don’t have enough liquidity to capitalize on it. That or if you actually give a shit about people.
We really need to find a way to make the billionaires fight each other again.
don’t forget, the once in a lifetime stock market crashes. we’re on, what, 5 now? in the last couple decades.
They aren’t stupid, they are gambling and they toss their weight to stack the bet in their favor long enough so that they can cash out and not be left with the bag when it crashes.
Every recession, richs get richer and we get poorer.
Are they really stupid if they make billions?
Yes. Exploitation apparently doesn’t require intelligence. Just a total lack of empathy.
The real stupid takes are the correlations between wealth and intelligence we made along the way.
In a way it requires you to be an apex predator of your own species. They are necessarily stupid but greedy and psychosocially fucked. Maybe smart in certain ways but blindingly stupid in others. And also cannibals, which occurs to me now, since they basically hunt and consume the essence of poorer humans. Can we make that cannon?
If only the AI could have given them a heads up.
Just as accurate as tarot cards…
Sorry, you want the Tower here.
It’s one of my favorite cards for symbolism, because the story is so apparent on the card. People jumping out of a burning building to their peril.
Peril up here, peril down there…
the tower is actually actually!! about paradigm shifts. the thing you hold dear out of here 👉 and something new will take shape in its place. not necessarily bad, but very uncomfortable
Hey man, I do tarot, read it, then ask my AI what it thinks. It feels real.
/s
…no but for real, I like do draw tarot, and the AI has helped me get better at reading. It’s for funsies; I don’t take it seriously.
Yeah bro, I burnt a forest down yesterday, but it’s cool, I did it for the funsies
That’s awesome bro, I love gender reveal parties 😎
I used my microwave for a minute.
What deck is this from?
It’s from Grant Morrison’s Nameless https://retcon-punch.com/2015/06/12/nameless-4/
In fairness this could happen so fast, the market completely destroyed by ai traders working at the speed of silicone, a warning could come way in advance yet impossibly late.
Whew finally
POP THAT BUBBLE
POP THAT BUBBLE
POP THAT BUBBLE
Honestly, I gotta hand it to Apple. They never jumped on the hype train for AI as bad as all these other companies because they were smart enough to realize it was temporary and they are just chillin’ right now. Sure they did a few things here and there, but they didn’t try and change their entire business model around AI. When this bubble does pop, I’m sure Apple will be the one on top again.
i believe apple dint capatilize early thats why they are behind and not investing , and then probably found out way later it cost too much to maintain data centers.
What happened was they did the standard thing of being really far behind in terms of software and were not able to compete. Apple is not a software company it’s a hardware company with delusions of grandeur. If a software feature is good enough they’ll eventually steal it and claim that it’s some major innovation on their part but they will never get away from the fact that they brought the atrocity that is iTunes into the world.
Apple has invested heavily in infrastructure that will make every iPhone and app on the store transparent to an AI running on bespoke silicone designed for the task. Much like Windows, Apple foresees a future where AI is a substitute for the GUI.
https://www.archyde.com/apples-ai-integration-a-deep-dive-into-iphones-future/
Yeah, just like voice assistants were supposed to.
Their hardware design seems capable, the macs with their m-chips and integrated RAM makes them very “reasonably priced” ai stations. They have the technology.
I think it was unintentional. They didn’t hop on in time and were left behind. Then they tried rushing and put out a half baked AI product. And now they’re using Gemini for their AI because they can’t catch up.
Apple is always a decade behind, though. It isn’t an innovator anymore.
was it a clever tactical ploy to avoid the AI hype train? Or was it that Apple’s culture just can’t pivot fast enough to successfully operationalise new/emerging technologies?
