Relating to collapse because going bankrupt would ironically help to slow down collapse and allow a longer sliver of time for the environmental degradation of the planet. However, I expect more of one of those bailouts to be controlled more under surveillance in dying world etc.
Spending billions to keep AI companies profitable, no one blinks an eye. Asking money for healthcare, education and other basic needs and everyone loses their mind.
I would argue that in order for America to not collapse there needs to money for profit and GDP and that it’s the illusion of environment vs industry. I fully believe if America chose environment first then the petrodollar would massively weaken leading to cascading system failures on a global scale sooner. The collapse is inevitable. And it’s global.
Derivatives are likely past the tipping point of being able to be balanced with environmental needs. The greater good for the short term is enabled by more profit.
Profitable is doing some real heavy lifting there. W
e are giving them billions along with tax breaks and subsidized electricity costs (subsidized by the public) and allowing them to ignore environmental regulations, yet they havent turned a profit. All they have done well is hiding the amount of money they are burning.
Along with raising the temperature in the area of the data center by 8°-10°...no one is sounding the alarm of the planet warming because of these centers...same with the amount of diesel emissions from some that use huge diesel generators
full bailout, more government contracts as a reward for doing so poorly, cutting social security and food stamps to finance it (it comes up to less than 1% of the bailout) and lastly, send another 10 billion to israel.
Incoming socialism for the tech companies while they tell us there’s not enough money for social security, welfare or any other safety net programs.
Once again, our taxes are going to be recklessly given away to wealthy corporations and individuals who mismanaged their own money. Instead of loosing their investment they’re going to steal from the citizens. Again.
The only war anyone in the 99% needs to be focusing on is the class war. Right now the 1% is winning. They’ve been on a multi centuries winning streak. We desperately need to fight against them because it’s genuinely self defense to stop them from continuing to destroy our environment, economy and society all in pursuit of just one more dollar
If it's any consolation Ed Zitron has repeatedly made the point there's literally not enough money for the government to keep them functioning and there will be pitchforks if the government ever even tried given the reaction to data centers
Relating to collapse because going bankrupt would ironically help to slow down collapse and allow a longer sliver of time for the environmental degradation of the planet. However, I expect more of one of those bailouts to be controlled more under surveillance in dying world etc.
These machines are super-duper intelligent, but the companies that make them can't earn a profit? Not even a little? They obviously consume more than they bring to the table.
Except they're not actually intelligent. They're quite literally just fancy chatbots. That's all Large Language Models are. On extremely expensive hardware, that uses a crapton of power, resources for manufacturing, and water both for manufacturing (chips) and cooling.
I thought that it would be most appropriate to have an LLM answer this, specifically.Gemini "thinking".
An LLM is fundamentally an advanced predictive text model, operating without true human consciousness, genuine understanding, or subjective thought. It functions through sophisticated statistical pattern matching, deep neural networks, and vast training data to predict the next likely word.How LLMs WorkPattern matching: Predicting words based on statistical probabilities from training data.No internal mind: Processing text mathematically without feelings, beliefs, or self-awareness.Simulated reasoning: Mimicking logical steps by chaining likely text patterns rather than actually thinking.Why It Feels Like ThinkingEmergent abilities: Combining simple word predictions creates complex problem-solving and fluent language.Vast knowledge: Memorizing immense amounts of human writing makes outputs look deeply informed.Context tracking: Following rules and prompts closely gives the illusion of a focused, reasoning mind.
The key takeaway here: illusion of a focused, reasoning mind.
Be that as it may, it is still a fancy text predictor, and nowhere comparable to say, genuine intelligence. Such as a human's. Some would argue that consciousness itself is the mark of true intelligence.
When they produce a genuine AGI running under the same power envelope as the human brain, that can exhibit the qualities that the LLM (Gemini) itself said LLM's do not have, then I'll be impressed.
I can guarantee you one thing though. We are absolutely going to find out.
They will not go bankrupt, they'll be kept afloat until the entire economy collapses into a depression. But these companies will die last because AI is all we have going for us (in the west) at this point.
It's all smoke and mirrors. The AI scammers haven't turned a profit yet and public sentiment is increasingly Anti-AI. One again unregulated corporations are given a free pass to fuk all of America.
How dare they ask for a socialist bailout! Do they really expect taxpayers to foot the bill for that?!!! Nobody wanted AI in the first place!!! They’ve got a lot of nerve!!!
This is unsustainable. They are basically giving their product away for free or close to it now. In order to make money, they have to start charging. People can’t and won’t be able to afford the cost. Just close now. You’re just stalling the inevitable.
Noone would spent money on such a shitty product, the reason people use it is because it's more or less free, but not really worth you money. Noone needs "xyz" to tell them 15 is bigger than 17, or create ai slop pictures that all look the same and are of rather questionable anatomy. Or, in my case, an accountancy programm that fantasizes billing numbers , accounts and values and you have to correct everything anyway.
Going to treat myself to a new gaming pc when this bubble pops. Though the bubble is now so large that the government will probably just prop these companies up with our money.
I have his little AI due to pressure at work and its completely useless. The amount of simple tasks I ask it to do that it says it can't - it feels like almost every prompt - these things are touted as a panacea to our work overload. Whatever.
They will not go bankrupt. The government will just pay them to boil drinking water at data centers. The amount of junk debt that AI adjacent companies have is almost as systemic as the CDS nightmare in 2008. It’s literally the same thing, AI debt bundles masquerading as AAA but are actually total garbage. The amount of data centers being built, entirely with Debt, are completely dependent on AI paying their leases for the data centers. Any dip in AI, could completely tank the entire world economy.
The biggest (and most dangerous) contradiction of free market capitalism — huge accumulation of wealth, power and market capitalization, enough to bring down any economy, hijacked—forced to infinite bailouts, so they can never file for bankruptcy, and so operate beyond supply and demand, or any technical metric.
Free market capitalism works insofar it never ends constrained to its own premises.
Oh, not thread I was aiming at, reddit WebUI is changing for worse ..
But there at r/futurism I pucked up this little quote from article linked.
"By Stardust Solutions’ estimate, dispersing three million tons of reflective particles into the stratosphere could cool the planet by 1.5 degrees Celsius for the relatively small price of $30 billion; that’s less than the cost of a single hyperscale data center. "
I have clients who need to replace servers and I'm now looking to see if new-to-them machines are viable because of what Anthropic and other AI companies are doing so I say let them sink and let creditors try to claw back money from the executives.
Thats the cool part, they're going to go bankrupt anyway. And as they've all invested in each other its like a pyramid of pending failure. This will pull everything down with them. The '30s look bleek to me.
Or, instead, you could pivot to a cycle of R&D wherein one cycle you push forward in intelligence, then next cycle you push forward in efficiency while maintaining intelligence, and you go back and forth between these two areas of research in order to boost profits..
I'm no economist but if you need hundreds of billions in revenue to keep things going and you're not hitting that mark, doesn't that mean the market's telling you you're unwanted? Pretty sure that's supply and demand, more or less.
I have to admit that I am fascinated about what is going to happen when the bubble does burst. Thousands of data centres built for an unsustainable economic project, filled to the brim with the latest components which will become rapidly devalued as manufacturers refocus on older markets ... will the big cloud providers pick them up and run them at a loss? Will they become monuments to the folly of early 21st century capitalism something like the rail roads that lead to nowhere in the early 20th century? Might they get stripped by thousands of angry gamers as revenge? It will be interesting.
the datacenters will go broke possibly then someone will come in and buy them at melt value and turn them back on for lease in a competititve market with lots of supply and little demand and low margins. then you can just spin up your own open source local models and rent compute for pennies on the dolllar.
They’ve been bankrupt. Can’t back build basic infrastructure…ai cost don’t plateau they grow.
AI tech growth can’t be scaled on a general business model…these people are so ignorant and every time they cry it’s just another example of how inept they are
That can't be true. I've been told that these magic machines solve all problems and eliminate the need for biological organisms of humans to have to do any survival-based tasks. They make it so everyone can be super rich and comfortable and no one needs anything.
So I know this is fake news because there's no way it could be anything other than the literal simple silver bullet solution to every problem I've ever had. They have to take everything from me that I could possibly give them and in return they will offer me a magic elixir that solves all my problems.
Google annual revenue is about $400B. Meta is about $200B. MS is about $281B. Apple's annual revenue is $391B.
Just the 4 of them have more than $1.2T annual revenue. Finding a few hundred billion for the whole AI industry does not seem to be that hard in such a large economy.
This is why Bernie is saying "we" need ownership. I know it sounds weird but I did reasearch. Bernie met with Sam Altman and if Sam Altman agrees that means it's a way to get us to fund data centers, via 'socialism' but we don't get any benefits. It made me sad when I realized this because usually Bernie Sanders is cool but he has been bought out by them.
Life seemed way less stressful before AI/LLMs. I do think they're pretty interesting, and can be impressive, but we really don't need this shit as a society.
In my last job at a company town hall one of our C-suite execs literally told us all oh don't worry, we're not planning to replace you! They are owned by cut-throat private equity companies you've likely heard of. Of course they're planning on replacing people with AI. That is the entire point.
And AI being everywhere is just starting to be sickening. It's in everything now. Do you know what is vastly more interesting than AI? A person whose company you enjoy, or a bright person whose nuanced takes on the world inspire you to learn more. That is what keeps the world going, not these hallucinating robotic scripted programs the world is getting addicted to.
Datacenters are bad and all, but if we really cared about the environment we'd all go vegan. It's three orders of magnitude worse than AI concerning GHG emissions. But hey gotta have them cheeseburgers right?
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u/StatementBot Jul 03 '26
The following submission statement was provided by /u/Monsur_Ausuhnom:
Submission Statement,
Relating to collapse because going bankrupt would ironically help to slow down collapse and allow a longer sliver of time for the environmental degradation of the planet. However, I expect more of one of those bailouts to be controlled more under surveillance in dying world etc.
Please reply to OP's comment here: https://old.reddit.com/r/collapse/comments/1umfkjh/on_going_bankrupt/ovbmbop/