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Posted

I mean, it’s all so fucking comical.
And all the “MONEY MONEY MONEY GOOD SOCIALISM BAD!” types will be just fine with this.

Because the system we ACTUALLY want is anarcho-crony capitalism. And we’re getting it good and hard.

There are no longer any likes between the oligarchical oligopolies and the government. It’s just one big ball of fuck the people.

Posted
On 10/31/2025 at 10:13 AM, YChang said:

Yeah my sister-in-law (ER doc) really likes the AI-assisted scribe app they’re currently testing. Feel bad for bad for actual scribes, but no complaints from the her or her colleagues. 

That fucking sucks. Being a scribe is great experience for future practice, at least from the nurses I know that started as scribes. 

Posted
11 minutes ago, Hank Kingsley said:

JFC these people 

 

"What I meant is that we expect the government to fuck the people up their backdoor in order to funnel all resources and power to us.  Sorry for causing any misunderstanding.  Our core values remain the same: to completely destroy the common good in service of accumulating further staggering private wealth for an elite few.  Please go back to watching TikToks and shit."

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Posted
5 minutes ago, Hank Kingsley said:

The fucking nerve. 

 

"Between the self-serving circular deals that shows fake economic benefits on two balance sheets in furtherance of the largest bubble humanity has ever seen, our industry rapidly capturing control of the government instead of being regulated by it in any way, the possibility of creating a singularity that exterminates human life, and the possibility of eliminating most non-manual labor jobs with no replacement source of income or human purpose, what's not to be enthusiastic about?"

We are in the timeline of all the worst people doing all the worst things and being given all the power to do those things.

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Posted
15 minutes ago, Hank Kingsley said:

The fucking nerve. 

 



I agree with her comments. We're not being exuberant enough about what AI can do for individuals. The other day Gemini made a really great artwork of my niece dressed as a ballerina but with a cat body. 

Posted

My AI contrarian self believes the packaged debt (CLOs) all these datacenter construction projects run on will join the CMBS default party.  

https://www.channelfutures.com/data-centers/big-ai-data-center-deals-of-oracle-peers-run-on-debt
https://www.theatlantic.com/technology/2025/10/data-centers-ai-crash/684765/

Quote

Tech firms don’t want to formally take on debt—that is, directly ask investors for loans—because debt looks bad on their balance sheets and could reduce shareholder returns. To get around this, some are partnering with private-equity titans to do some sophisticated financial engineering, Paul Kedrosky, an investor and a financial consultant, told us. These private-equity firms put up or raise the money to build a data center, which a tech company will repay through rent. Data-center leases from, say, Meta can then be repackaged into a financial instrument that people can buy and sell—a bond, in essence. Meta recently did just this: Blue Owl Capital raised money for a massive Meta data center in Louisiana by, in essence, issuing bonds backed by Meta’s rent. And multiple data-center leases can be combined into a security and sorted into what are called “tranches” based on their risk of default. Data centers represent an $800 billion market for private-equity firms through 2028 alone. (Meta has said of its arrangement with Blue Owl that the “innovative partnership was designed to support the speed and flexibility required for Meta’s data center projects.”)

 

In this way, the data-center financing ends up being a real-estate deal as much as an AI deal. If this sounds complicated, it’s supposed to: The complexity, investment structure, and repackaging make exactly what is going on hard to parse. And if the dynamics also sound familiar, it’s because not two decades ago, the Great Recession was precipitated by banks packaging risky mortgages into tranches of securities that were falsely marketed as high-quality. By 2008, the house of cards had collapsed.



If Satya Nadella is out here saying MSFT hasn't secured enough power generation to even run all the GPUs they've committed, how will AWS and the lesser players manage once the token race to the bottom takes hold?  These datacenters will remain unprofitable.
https://www.pcgamer.com/software/ai/if-microsoft-cant-source-enough-electricity-to-power-all-the-ai-gpus-it-has-you-have-to-wonder-how-amazon-is-going-to-cope-in-its-new-usd38-billion-deal-with-openai/
 

Quote

"The biggest issue we are now having is not a compute glut, but it’s power," replied Nadella. "It’s sort of the ability to get the builds done fast enough close to power. So, if you can’t do that, you may actually have a bunch of chips sitting in inventory that I can’t plug in. In fact, that is my problem today. It’s not a supply issue of chips; it’s actually the fact that I don’t have warm shells to plug into."

The warm shells that he refers to aren't tasty tacos; they're hubs already connected with the relevant power and other facilities required, ready to be loaded up with masses of AI servers from Nvidia. What Nadella is effectively saying is that getting hold of GPUs isn't the problem, it's accessing cheap enough electricity to run them all.

That's not necessarily just a case of there just not being sufficient power stations—it matters a great deal where they are, because while one can just dump a building down almost anywhere, if the local grid can't cope with the enormous power demands of tens of thousands of Nvidia Hopper and Blackwell GPUs, then there's no point in building the shell in the first place.

 

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Posted
The fucking nerve. 
 

Maybe we don’t want it.

You’re all rich enough already, just cash out, pop the bubble, trigger a recession/depression, and let the rest of us move on.
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Posted
11 minutes ago, wild_turkey said:


Maybe we don’t want it.

You’re all rich enough already, just cash out, pop the bubble, trigger a recession/depression, and let the rest of us move on.

They have to get to their IPO stage first.  It's coming soon enough.

Posted
8 hours ago, safe sex said:

That fucking sucks. Being a scribe is great experience for future practice, at least from the nurses I know that started as scribes. 

My specialist doctor was using some auto-transcription AI service this week and I asked him about it. It's interesting that they don't have to get your consent to record the conversation, which is essentially what it was doing (plugging into the laptop a little jabra like mic). He loves it and he said he and all his peers have been using an AI company called Open Evidence for a year now (https://www.openevidence.com/)

Posted

I often think back to a Popular Mechanics article from a few years ago that posited when AI decides to end us, it will happen so quickly that we will barely have time to react. Killer nuke drones and whatnot. Gives me some comfort that at least we will go fast. 

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