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Joined 3 years ago
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Cake day: August 23rd, 2023

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  • They already have. Public Banks are huge investors in the private credit companies that underpin a good amount of the AI bubble.

    The Magnificent 7 have been driving the stock markets gains for the last few years. They have also created independent companies to build out the data centers. The debt for these companies is off their books and funded primarily by private credit markets and is underpinned by contracts with the big 7 for data processing once the data center is built.

    Projections by the Mag 7 have driven their share increase. So what happens if one or two of the magnificent 7 miss their projections? Well look at Oracle, its stock is tanking because it missed projections.

    If the Mag. 7 stock tanks so will your 401ks. When their stock is worth less they will stop plowing money into AI. Suddenly all of the companies with contracts to build the data centers will loose their source of revenue. No revenue and they can’t pay off the loans to private credit. Private credit companies will start to go under and begin to take down the public banking companies that invested in them…

    Its a house of cards ready to fall if any of the Mag 7 start to flounder.




  • It is part of the grift. Anthropic and OpenAI want to go public and a huge part of their cash burn is compute expense for training new models. (In public filings they claim they are profitable … if you look at their numbers that’s only if you remove their biggest expense which is model training) At the same time they are seeing fewer gains with new frontier models. Some are also claiming the new models aren’t as good as the ones from a year ago and you are loosing your market advantage with frontier models?

    What do you do if your largest expense is generating fewer gains and you want to go public? Get the government to regulate it and build a regulatory mote around your industry and freeze your advantage over your competitors while you have it. Cut that expense and go public as a profitable company!

    At this point I only want to see regulations well after the AI bubble pops. Don’t take any government stakes in these AI companies as Bernie has argued for (I agree with his stances on most economic matters but he’s off base with this). Let these AI companies burn in the free market they advocate for soo much.






  • Dead_or_Alive@lemmy.worldtoHumor@lemmy.world•The new iPhone is impressive
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    16 days ago

    I live in the US.

    I’ve replaced the batteries on two of my iPhones when they lost efficiency or the battery went bad.

    I replaced the camera module on my iPhone13 when the flash Led broke because of a shitty lens cover.

    In both instances I watched a YouTube video and did it, it’s not that hard.

    The text statement is kind of true several years ago, it sucked having Android users in group chats because iPhone text features make it easy to share images and video with other iPhones. Text protocols changed years ago between IOS and Android and it is a non issue.

    I used android for years, I had the OG Droid. There is nothing wrong with other smart phone brands but there is very little differentiating top phones anymore.



  • Both statements can be true at the same time. But the scale of one is many times larger.

    China’s MO from rare earths and magnets to cars to silicon follows the same plan. Take IP, Subsidize the industry, Research, once you have a monopoly use it to squeeze adversaries.

    I will say at least China is willing to kill off underperforming companies.

    The US needs to let a lot of legacy companies that aren’t performing die off. It also needs to break up oligopolies in many industries. Why compete when you can buy up the future competitors and set prices with a handful of competitors. The financialization of our economy is choking us.







  • There are many many reasons cars are not as reliable as they used to be. Complicated electrical systems, engine parts made increasingly of plastic, individual parts that can’t be repaired and require the replacement of an entire component (I.E. Your door handle breaks and the only way to fix it is to replace the entire door panel.).

    But the light oil issue is a major one for drive trains. Many engines weren’t originally designed for the ultra lightweight oil and their seals don’t hold up over the long term.




  • Are you dense or just don’t understand the English language? I quoted the relevant text of a comment you made:

    My reaction comes from studies done on vehicle safety and the economics behind them. You reacted by saying “I _feel_ safer” and getting all emotional because you’re trying to justify your purchase. And everyone else is unhinged.

    Well let me spell it out below:

    I am safer in a large vehicle and both you and I verified that statement.

    Smaller cars like the Kei truck being a prime example of unsafe cars. Which you and I proved.

    I am glad you finally agreed with my original comment. I do take great satisfaction that you have admitted I should feel “snuggly” safe in my large truck.

    My purchase is justified by the statistic you love so much and everyone else is unhinged. That was the only point I was making.

    So while you can feel snuggly safe in your ridiculous truck, know that cumulatively more fatalities are happening because vehicles keep getting bigger.

    I highly encourage you to stand by your convictions and purchase a small truck like the Kei. You can be the change you so vehemently advocate for. May you drive it proudly maybe even recklessly in dangerous heavy traffic around large vehicles.