- cross-posted to:
- technology@lemmy.world
- cross-posted to:
- technology@lemmy.world
Does this mean computers will finally be cheaper now?
Also I assume this means the US bubble has burst too and but they’re doing what western capitalists do and lie about the economy as to not scare investors “Don’t say recession!” and all that.
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According to Reuters, state-backed investors sold into market rallies, or periods of rapid gains, to keep those gains in check, as part of a push by the government to dampen volatility.
The CPC just keeps winning they can’t help it.
Sounds like the state-back investors made decent profit too
It’s amazing to me how a company can lose a staggering $80 trillion dollars and still secure more loans. Meanwhile my broke ass can’t get a loan for a car since I don’t have a credit score. Like the old saying (paraphrasing) “you owe someone $100 you have a problem. you owe someone $100 million and THEY have a problem”.
It’s how amazon and uber came to be. All the capitalists get together and decide which startup is going to be the next monopoly and use their (our) infinite money to create reality in their image.
We live in very hypocrite times. Everything is upside down. What’s old is new again and freedom means less of it.
Does this mean computers will finally be cheaper now?
no
Yep, they’ll stay high through at least 2028, more likely 2030.
not immediately but in the long term, yes, because high-end chinese chips are right around the corner… as in, actually
Well the question was will they be cheap ‘now’ which they won’t be. Not this decade, and maybe not even by the middle of the next one. This is an extremely long term disruption. I wouldn’t expect cards with more than 12gb of vram to be affordable for a while for example.
yeah, you are right probably best that we underestimate chinese manufacturing
I’m not underestimating anything. The scale here is absurd. China won’t be able to save us.
Keeping compute expensive and AI dead can help debloate software
It actively benefits the Epstein class to make technological advantages inaccessible to the proletariat, and cheap computers and the internet have been a thorn in their side for the last few decades.
In actuality this will just lead to the next generation of youths being more tech savvy, having to do more with less.
The street finds its own uses for things.
Hey thanks for the shred of optimism, I hadn’t considered that angle but it sounds very plausible and we all badly need tech competence among the youth.
Something I’ve noticed lately is just how aggressive the techbro influencers are getting. Guys like Primagen who used to be more “AI is a cool tool” have taken tons of money from AI companies and now literally everything they say is “well, seems like it’s all solved!”.
There’s gotta be an insane amount of money flowing through that pipeline right now to try and control the narrative.
They gave Prime like half a million in free compute and he just lost his mind going full architect on a video game that by his own admission isn’t fun yet but is fully unit tested.
They did some tier list thing with his podcast recently, and he vibecoded the tier list interface. Then just kept telling it to rewrite basic things during the video lol.
It was bad enough that his co-hosts were mocking him lol. He also tried to say “AI makes this irrelevant” to basically every programming “law” they were tier listing. Something that everyone else just kinda nodded along with then ignored.
It’s like watching a junkie hit rock bottom in real time…
i could make an unfun game for half the price, give me mony pls
He is 100% getting obscene amounts of money to shill, but I think Primagen has also genuinely lost his mind over this stuff lol
I think he’s an asshole, but I get the feeling it’s the whole “being an online personality” thing that truly broke his brain.
Thank God I’m not a programmer
DeepSeek is gonna keep making money because they’re playing a short position on everyone else. So they either make money selling their stuff or make it by driving everyone else’s stock down.
Been happening since july
over the past four months,
fuck futurism is a rag.
Remember, this stuff ticks in quarterly earnings reports. 3-4 months is the heartbeat of capitalist firms.
The stocks have been going down steadily. Reuters did a much better report, futurism’s reporting on the llm madness has somehow been worse than bloomberg’s.
If you want actually reasonable critique zitron is sort of polemic but at least based in reality, pivot to ai is a blog with actually real critiques that discusses the hilariously bad studies/business shit.
I go to futurism for the human based stuff, like instances of AI psychosis causing suicides or AI being used to plan mass shootings.
Zitron is my go to for actual financial analysis, even though he can be a bit overly poetic sometimes lol.
He’s poetic in the same way South Park is poetic but sometimes you need a guy to be a huge dirt bag to the opposing position because they don’t deserve respect
Damn. I guess we’re right on track.
Timing the market is very difficult. We can all predict future geopolitical events with materialism, but can’t bet on it due to market irrationality and timing.
Good on him.
I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:
with AI stocks taking up some 42 percent of China’s market capitalization, according to Goldman Sachs
damn i thought china wouldnt go the same way the US has been. oh well at least if we go down we go down together?
I mean, this is literally the market correcting itself earlier there than here, it’s not gonna take them down, market capitalization doesn’t work like that.
China is simply responding to the market signals faster than the U.S. is, which means that the U.S. might be left holding the bag… But like, really that just means the American people are left holding the bag, which unfortunately doesn’t matter since money is fake. Or maybe Europe or Africa or Latin America. Debt is a tricky asset to manage because it has a complex relationship with labor value due to its abstract nature.
Point is, it isn’t as though China’s economy is fragile, there has been plenty of market capitalization in areas that are not AI related. It is unclear to me what the supposed housing crash in China really did outside of lower housing prices and, once again, fucking over landlords and property speculators, so it will be interesting to see exactly what happens over there.
I saw a fair few articles on sixth tone about people forced to live in the unfinished buildings they pre-purchased after the people who were supposed to build it went under, so it did hurt ordinary people.
Have you seen articles about the billions spent in government programmes ensuring the housing was finished after the crash, and how the government stepped up and helped the people this way instead of letting them hold the bag?
I did, there were a few cases I read about where straight up the government gave more money to the builders and then they just ran off with the extra cash after barely doing anything, but I was reading about that when the wound was more fresh. It wasn’t a great situation regardless, and while it’s certainly better than doing nothing, costing the government billions of dollars to clean up the mess left behind by these corporations is not good. Bailing out the people who got caught up in this was good, but it’d be better if you didn’t have to bail out anyone in the first place.
Well yeah, ideally the Soviet model of housing would be applied, where you don’t have to advance any money at all and you’re granted housing by your work union based on proximity to workplace and by need, making everything more efficient and 100% removing uncertainty from people, I consider myself a Bolshevik and not a Dengist. It’s still the socialist model in existence today, and the best in the world as things are (besides Cuba) in terms of material access to housing, and while it’s good to engage in critical analysis it’s also important to remember that the majority of people who got shafted already have had their home built.
costing the government billions of dollars
Fortunately the Chinese government pays builders in RMB, not in dollars, and the central bank of China can create unlimited amounts of RMB. The government spending that money on housing doesn’t imply that the money isn’t going somewhere else, because states don’t function as private economic actors with limited spending capability. Also, the president of Evergrande has been sentenced to maximum prison sentence.
Obviously that sucks mega ass but I also wonder what the logistical situation becomes in that case. If you have to finish your home according to the plan that was interrupted, or if you can freestyle it to an extent
That is definitely unfortunate.
What a lot of people miss about this is that, in China, the stock market is really not all that important. It’s even more fake and detached from the actual economy than it is in the West because China has a very healthy real economy, whereas the stock market is just a little casino on the side for the rich. So i wouldn’t take what is happening there too seriously.
This can’t be true. Some of the largest companies do some ai that does not make them ai stocks
When Nvidia itself pops - try +$2.1 Trillion go poof. China AI has already decimated US in terms of compute and power efficiency. Not to mention their goals are far more meaningful to their society whereas ours is war crimes and survailence crapitalism.
Hehe, stupid China should have gone in on Super Intelligence instead. USA! USA! USA!
i really don’t want to see the chinese burst before i see the americans burst
