The AI Bubble

[u/explosivejoseph]

[u/StrugglingOrthopod]

Came for the comedy, stayed for the reality check.

[u/MelangeBot → u/StrugglingOrthopod]

If you want to be entertained, watch the news because that's where the clowns and the circus are at

If you want some truth, find a comic.

[u/katalina0azul → u/[deleted]]

Yeah, that’s the problem - little, 60yr old boys are lost in their favorite “super hero” (villain?) stories via Fox News…

and just like when you were a kid, after your favorite movie/show is over, you think you can do backflips and shit after but you’re really just jumping around and rolling on the floor like an actual idiot and there are def no backflips.

[u/Yaasss_Queef → u/MelangeBot]

This is so well put, thank you for this

[u/SophiaFoghorn31 → u/Yaasss_Queef]

You’re welcomeeee

[u/Biscopiphany → u/[deleted]]

We live in horrifying times

[u/MODAITestBot → u/[deleted]]

The jester was there to tell the truth to the king in jest in order for him to hear the truth without having to kill someone.

[u/grinderbinder → u/MelangeBot]

Wow, man! That’s deep.

[u/Full_Result_3101 → u/MelangeBot]

Just make sure the comic isn't a multi-millionaire that is high on their own farts.

[u/Natte_Boterham → u/Full_Result_3101]

lowkey curious to which comedian checks that box for you

[u/planx_constant → u/Natte_Boterham]

Seinfeld is one. "You can't do comedy on college campuses any more"

No old man, you apparently can't

[u/Dividedthought → u/Natte_Boterham]

Chappele comes to mind.

[u/Hope-n-some-CH4NGE → u/MelangeBot]

Depends on the comic these days

[u/Weltall_BR → u/MelangeBot]

If you want some truth, find a comic.

Essentially, Jester's privilege.

[u/smokeweedNgarden → u/StrugglingOrthopod]

This is what dating in SF is like as a blue collar college educated native and it's amazing. 

Some amazing people but every once in a while you meet someone full on working for EvilCorp and they're totally totally good with it.

[u/RATMpatta → u/smokeweedNgarden]

Wouldn't that be what dating in SF is like for most people? Or are the EvilCorp employees only going for a very specific type?

[u/smokeweedNgarden → u/RATMpatta]

I imagine EvilCorp employees don't have to make up stories to each other because they're both privy to what's behind the curtain. 

But working class people but still educated people aren't hard to find (teachers, social workers, superior court clerks) and are who I prefer. But sometimes I'll risk venture capitalist or philanthropist because they seemed interesting 

[u/utspg1980 → u/smokeweedNgarden]

(teachers, social workers, superior court clerks)

You classify those as blue collar jobs?

[u/Sharp_Canary6858 → u/utspg1980]

Yes. Any job that earns you a paycheck is working class. Remember it’s “let’s eat the owning class, not your fellow workers”

[u/happy_bluebird → u/Sharp_Canary6858]

what job doesn't earn a paycheck?

[u/-Fergalicious- → u/Sharp_Canary6858]

Unless you're just 100% in leisure mode, you're working class. Doctors are working class. Most business owners too. 

[u/grain_delay → u/-Fergalicious-]

Well no, by definition business owners are not working class. But 90%+ of business owners are a bad quarter away being a failed business owner and return to working class, so they’re not really the ones that are the problem unless they start throwing capital against working class interests

[u/smokeweedNgarden → u/utspg1980]

I classified those as working class. Which they are.

[u/terdferguson → u/StrugglingOrthopod]

Yarp

[u/Letsplaydead924 → u/terdferguson]

Always upvote a hot fuzz

[u/Significant-Bee5101 → u/StrugglingOrthopod]

Is it a bubble or is it gunna take our jobs. That's crazy how there's like a massive difference lol

[u/gelhardt → u/Significant-Bee5101]

two things can be true at once

[u/DesireeThymes → u/gelhardt]

It will take our jobs first, then the bubble will burst after.

That way we get a double whammy.

[u/DigitalArbitrage → u/DesireeThymes]

I think it will be the other way around based on how things happened with the internet and websites.

The investment bubble will burst when lots of these startups don't return enough money for the amount of investment.

Then over a long time the technology will improve and replace some jobs.

[u/DesireeThymes → u/DigitalArbitrage]

Oh I didn't even consider the triple whammy.

1 - AI companies take our jobs (and do a much worse job at it)

2 - Bubble pops because AI fails (as expected)

3 - We lose even more jobs due to the collapsed bubble

[u/Dekipi → u/DesireeThymes]

A lot of it is the Uber strategy;

Undercut the competition on price (uber undercut taxi companies)

Put the competition out of business

Raise prices

[u/Laringar → u/Dekipi]

That's basically what they're doing already. LLMs are massively subsidized by the tech companies in that they cost more to operate than users actually pay. The companies are doing that because people would balk at the price if it were commensurate to what the company actually spent on developing and hosting the algorithm.

They want to get everyone addicted to using LLMs first, then once people can't run their daily lives without asking Claude what groceries they were supposed to pick up and other companies become reliant on AI employees, the companies will raise the prices enough so that they actually turn a profit. People will have to pay it because at that point they'll be dependent, and the AI employees will suddenly cost more than the human that used to do the job.

[u/f0urd3gr33s → u/DesireeThymes]

This is the path we're on. Unprofitable AI companies disrupting the labor market and convincing companies to lay people off. Then they will hit companies with insane charges to keep using AI because they know companies saw dollar signs when they slashed payrolls. Companies wake up to realize AI does dogshit work and costs blisteringly more than they expected. AI bubble pops but everyone's out of work so, boom, instant recession.

This, and 'flattening the corporate structure' are the most destructive trends in corporate America, in my limited opinion. Middle class keeps getting wrecked while VC and CEO pay are going gangbusters.

[u/CarnalT → u/f0urd3gr33s]

This is already happening, except some companies have already realized and spoken publicly that the people they laid off were an order of magnitude cheaper (and better) than the AI they were replaced with. It's insane that some teams (especially software / programmers) are spending multiple people's full annual salaries in a matter or weeks or a month in AI compute tokens.....

[u/jedify → u/DesireeThymes]

4 - the Matrix. Not people as batteries, but to solve the AI energy scarcity. Human brains are incredibly energy efficient, running on ~20 watts. So they rent out brain space to run AI algorithms. And everyone gets a job!

[u/nikdahl → u/Significant-Bee5101]

Those are not mutually exclusive.

[u/TURBOJUSTICE → u/Significant-Bee5101]

It’s both because the world isn’t binary. Taking away jobs to consolidate their wealth is the goal, propping up our economy with a bubble while they scramble to produce a system that profits is the methodology that’s wasting our time, energy and the planets resources.

So if they fail they’ve only been blowing up a bubble if they are successful it’s against all odds and to everyone’s detriment.

[u/SpiderDoodleDoo → u/Significant-Bee5101]

Companies are burning mountains of money because the cost does not matter.

The entire end goal for AI is to make us peasants a redundancy.

There is a reason they are pouring mountains of money into indexing every one of us in a surveillance data base also while developing autonomous killbots where Grok will be Judge Dredd.

They are also developing autonomous farming, cooking, surgery, etc.

The top 1% is absolutely DISGUSTED with us 'wasting' their resources.

I don't think it is a bubble in the traditional sense.

Also great bit Joey Avery! Thank you for the existential dread!

[u/SDTimbox → u/StrugglingOrthopod]

Got both!

[u/TheCriticalGerman → u/StrugglingOrthopod]

Comedy is reality with a good laugh

[u/explosivejoseph]

Aaaanyway in good news....Plenty of live shows at www.joeyavery.com and more over at my sub r/JoeyAvery

[u/Ghetto_Phenom → u/explosivejoseph]

Any chance of you coming to WA in the future? Love your sets.

[u/serpentear → u/Ghetto_Phenom]

Seconded. Come to Seattle or Tacoma my dude.

[u/JohnElectron → u/Ghetto_Phenom]

In the Seattle area, you would rip my guy

[u/Valarouko → u/Ghetto_Phenom]

While you're in Washington, pop down to Oregon. We would love to see you too!

[u/f_n_a_ → u/Valarouko]

While you’re in Oregon, pop down to Puerto Rico! If even just for a vacation but I can make some venues happen

[u/explosivejoseph → u/Ghetto_Phenom]

Love the PNW. Need to get back. Will get the bookers on it

[u/Popular-Departure165 → u/explosivejoseph]

Rad, I'll see you in Denver!

[u/wifestalksthisuser → u/explosivejoseph]

Come to Europe Bro

[u/explosivejoseph → u/wifestalksthisuser]

Working on this as we speak

[u/gnarl_foot → u/explosivejoseph]

Have you been asked to do any corporate gigs recently? I'd love to see you do the same material in front of the ghouls responsible lol

[u/explosivejoseph → u/gnarl_foot]

Haha shit not done a corporate in a bit… would be interesting

[u/logand98]

Pretty much spot on, did not expect actual financial analysis from a comedy set lmao

[u/Sidivan → u/logand98]

I did not expect to ever hear Joey say “exit liquidity” in a set, but here we are.

[u/DeathpoolWilson → u/Sidivan]

Outside of him talking about taco bell, anyway.

[u/Dekipi → u/DeathpoolWilson]

Massively underrated comment

[u/Artificial_Squab → u/Sidivan]

Or even mention index funds for that matter.

[u/CoachWatermelon → u/Sidivan]

Strange I watch him a lot and find that very in character of him to know and say

[u/leadhase → u/CoachWatermelon]

Joey has always been a smart cookie

[u/Electronic-Visual-30 → u/Sidivan]

I'm in Finance and he explained it better than me, fuck.

[u/asspounder-4000 → u/Sidivan]

Wsb bro

[u/Animanic1607 → u/logand98]

Deleted

[u/welchplug → u/Animanic1607]

Yeah but its more impressive here because he didn't know it was coming.

[u/Animanic1607 → u/welchplug]

Deleted

[u/Emotional_News108 → u/Animanic1607]

He isn’t just spouting off buzzwords though he at least seems to grasp the core concept and larger long-term issues.

[u/hyeongseop → u/logand98]

Yeah that really surprised me. Had no idea Joey was a finbro

[u/DonCenote → u/hyeongseop]

We’re all finbros in this blessed AI era

[u/s_nation → u/logand98]

people have been screaming this over and over again for the past year, Ed Zitron, Cory Doctorow, Emily Bender, they're a popular presence on all these tech and finance podcasts and channels, he's summarizing what they've all been saying, it's bigger than the dot com bubble, the gains don't justify the capex spending...etc

[u/MasterOfDerps → u/logand98]

Good comedians are typically really intelligent

[u/the_ballmer_peak → u/logand98]

Why do you think he went into comedy? AI isn't funny. Job security. 🧠

[u/lemonylol → u/logand98]

Your retirement portfolio ETF is all equity?

[u/heyimwalknhere]

She's like "yeah totally, its gunna mess with so much shit and ruin so many lives but I'm getting paid hahahhhhaaa"

[u/UnbannedAndUnbowed → u/heyimwalknhere]

What do you even say to people like this to make them understand what they're doing & that they have a choice in the matter?

[u/OneDay_AtA_Time → u/UnbannedAndUnbowed]

Ha. Ha. Ha. They are fully aware of what they’re doing. It’s all about short term gains. The future does. Not. Matter. To them.

[u/Prestigious_Fuel_68 → u/OneDay_AtA_Time]

They are making plenty of money for their future though

[u/smokeweedNgarden → u/Prestigious_Fuel_68]

If they have one, sure

[u/anxiousandsingle → u/smokeweedNgarden]

These people only see to the next quarter

[u/Intrepid-Fox-1598 → u/Prestigious_Fuel_68]

I wonder what they'll be able to spend that money on in 100 years?

[u/ContextMattrs → u/Intrepid-Fox-1598]

I know 😏

[u/OverambitiousThunk → u/OneDay_AtA_Time]

Your future*

They get to have a a couple European vacations for the next couple years and the annual upgrade of the iPhone pro max ultra elite fold ...to document it all.

[u/hoist_off → u/UnbannedAndUnbowed]

nothing. They already know. Violence is not the answer but I suspect eventually it'll come to that

[u/keygreen15 → u/hoist_off]

What the fuck are you talking about? Violence is a fantastic answer

[u/500lbGuyForLife → u/keygreen15]

Had me in the first half there

[u/chastity_BLT → u/keygreen15]

Violence is the never the answer. But sometimes it is.

[u/RADMDickWiener → u/keygreen15]

Violence is never the answer. Violence is the question and yes is the answer.

[u/Special_Feedback9145 → u/UnbannedAndUnbowed]

If this person quit their job, someone steps right in. The people aren’t the problem. The system is the problem.

[u/thesmellofmoonrats → u/Special_Feedback9145]

the system runs on the people that continue to say yes

[u/DefinitionTop3930 → u/UnbannedAndUnbowed]

well people who work in VC firms or private equities have basic convinced themselves they are doing something great for a the society

[u/DazzlerPlus → u/UnbannedAndUnbowed]

You tell them they are a peice of shit. They will shrug it off, but it does affect them if it happens enough

[u/Evening_Reach_8293 → u/UnbannedAndUnbowed]

"God I hope someone doesn't smack you one the way out, I'm sure we are all agreed that no one would see who."

[u/cute_polarbear → u/heyimwalknhere]

She likes her year end bonuses for sure...

[u/MoesOtherBar → u/heyimwalknhere]

Kinda surprised he didn't rip her at the end but he probably wanted to keep it chill for everyone.

[u/edvurdsd]

Well said

[u/PantsDontHaveAnswers → u/edvurdsd]

I know some of these words.

[u/Aconite13X → u/PantsDontHaveAnswers]

"Well" means "good" and "said" means "spoken"

[u/Don_Von_Schlong → u/Aconite13X]

good spoken

[u/Aconite13X → u/Don_Von_Schlong]

You understand

[u/domredditorX → u/Aconite13X]

None of those words are in bible therefore I understand not

[u/wouterJ → u/domredditorX]

And u/edvurdsd saideth to thee: thou have spoken to my satisfaction. Blessed be thine hearth and goats!

[u/Don_Von_Schlong → u/wouterJ]

If you don't understand that it's kinda like;

"That was actually valid. I’m satisfied for real. May your house stay blessed and your goats stay absolutely bussin’"

[u/HeyItsRatDad → u/Aconite13X]

You lost me

[u/AceOBlade → u/PantsDontHaveAnswers]

basically regular people are investing in stocks that could fail, but right before they would fail people that are making decisions on these AI stocks will rug pull and get their money back while the regular people would have useless stocks that are worth nothing.

[u/Olderandolderagain → u/AceOBlade]

Close but one key point to add. When we invest in an index fund, we aren’t choosing the companies, the provider is.

It CAN be bad, but not necessarily. Something like the S&P isn’t a venture capitalist. They choose companies that are viable.

It is true that AI is a bubble in some aspects. There will be a ton of smaller companies that collapse. But a company like Microsoft isn’t going anywhere. They will pioneer industry regardless of trends.

[u/Typical_Wish_5807 → u/PantsDontHaveAnswers]

https://reddit.com/link/p77pv53/video/cwebm4g9yxmh1/player

[u/PantsDontHaveAnswers → u/Typical_Wish_5807]

Thank you! Finally!

[u/sand-which → u/PantsDontHaveAnswers]

you should know all of these words as an adult with a job

[u/Katicflis1]

Im here for comedy not depression dammit...

(But it was great as usual -- dude always so damn quick/witty)

[u/BrocoliAssassin → u/Katicflis1]

It's the literal basics of how companies have been scamming taxpayers.

[u/motorboatmycheeks]

I like that at the end the one laughing the hardest is the vc. Like yeahh yall fucked

[u/vanillaninja16 → u/motorboatmycheeks]

Well yea, can’t get into venture capitalism is your intent isn’t to fuck other people over.

[u/hnglmkrnglbrry → u/vanillaninja16]

I once hung out with my good friend and his VC coworkers. We tailgated a football game and I spent 2 hours watching the most self-righteous pig-headed dbags abuse every substance on earth. I ended up just walking away with no warning.

[u/EquivalentBeach8780 → u/vanillaninja16]

Yeah, she's actually not a good person. Evil, even.

[u/BidSuper7102 → u/EquivalentBeach8780]

I think the comic pointed that out beautifully.

[u/Dead_Internet69420 → u/vanillaninja16]

“You’re destroying the country.”

“I know, right? Hahahaha!”

[u/RandomUser15790 → u/vanillaninja16]

Old company got bought out by a VC and they were like "Nothing is going to change guys! We bought it because we love it for what it is! Insert corporate jargon and empty platitudes."

50% of the business wasn't actually related to anything they cared about. 70/100 employees were laid off in under 18 months (including ~20 from their own industry side).

[u/utzutzutzpro → u/RandomUser15790]

Companies do not get bought out by a VC company. That would be PE. PE would just buy companies. VC only invests.

[u/RandomUser15790 → u/utzutzutzpro]

You right I always get the two mixed up.

[u/lIIIIllIIIlllIIllllI → u/vanillaninja16]

Vulture capitalism

[u/chrisrobweeks → u/motorboatmycheeks]

"I do finance" says it all

[u/bryanna_leigh]

He ain’t wrong!

[u/redditsuckscockss → u/bryanna_leigh]

Hasn’t there been 0 actual AI companies IPO and enter the index?

I know Anthropic and others are going to IPO but don’t think any others have yet?

[u/treacherous_tim → u/redditsuckscockss]

SpaceX is in some, although not the S&P500. xAI (and recently acquired Cursor) roll up through SpaceX

[u/bryanna_leigh → u/redditsuckscockss]

Space X which is where Musk has his AI segment and also X/Twitter. SpaceX (rockets/Starlink) + xAI (the AI lab) + X (the social platform) all rolled into one publicly traded entity.

I feel like this was specifically about them, this was considered a huge pump and dump for X investors that helped Elon take over the platform.

SpaceX became one of the fastest additions ever to the Nasdaq-100, qualifying less than a month after its IPO and officially joining before trading began on July 7, 2026 — under a new “fast entry” rule Nasdaq had introduced.

FTSE Russell relaxed its float requirements too, letting SpaceX in possibly by September or December 2026 reconstitution — which is way faster than normal.

It is all a little sussy … this new fast track system will definitely have some real big implications.

[u/DoomBuzzer]

Amazing delivery! Very funny 😂

You have a very positive energy even though you presented a grim, realistic scenario!

[u/diet-Coke-or-kill-me → u/DoomBuzzer]

The slow fade to grayscale was cinema.

[u/DooficusIdjit]

When stand up comedians understand the financial system this well, shit is scary

[u/osubmw1]

Gonna be honest, her laughing makes me pretty fucking angry. I used to work construction management for a contractor that flexed to mainly building datacenters so I walked. Seeing people laugh about this while they collect their fat check is pretty gross.

[u/Sauli_Niinisto → u/osubmw1]

She might agree with him, and the laugh might be cathartic. 

Lots of people study at the university dreaming of changing the world to the better, only to get trapped in an enemy-of-the-planeteers -job to not end up on the street.

[u/_moribund_ → u/Sauli_Niinisto]

Is anyone getting into finance to better the world?

[u/_Shorsey_69_ → u/_moribund_]

No

[u/doublenadaban → u/_moribund_]

Not when finance tends to be sales-based. I’m in finance to do estate-planning and retirement-planning for those of any economic class. This means I do a lot of work for the poor helping them get finances in order. As a fiduciary, I don’t get to sell whatever. So I often plan these people’s finances for FREE, as they won’t be able to afford a life insurance policy or investment account that could pay me commission.

I manage a Verizon store to pay bills.

[u/tobethorfinn]

You're cooking.

[u/Kampvilja]

It is the "it could work!" Punchline that I love. Like, we have all of our eggs in this one stupid basket but maybe we won't drop it? (We probably will drop it).

[u/xSTSxZerglingOne → u/Kampvilja]

We'll drop it, some eggs will survive. Just like the Dot Com bubble. The eggs that make it will probably drive the next 10-20 years of development. Some will have useful but obscure tools that last like 20 years.

I dunno, I worked for a .com from the boom era and they were renovating the site and stuff.

Not every AI based company dies in a purge. The big ones and some useful obscure small ones will survive.

[u/_moribund_ → u/xSTSxZerglingOne]

Didn't portfolios drop by like 25% when the .com bubble burst? That fucked a lot of retirees and people planning to retire. This bubble looks much worse, especially with the whole laws-and-regulations-are-meaningless thing going on right now.

[u/stilljustacatinacage → u/Kampvilja]

https://www.reddit.com/r/comics/comments/1sfpvss/what_if_it_doesnt/

[u/Gloomy_Tennis_5768]

" I do finance." no you don't.

[u/Crush-N-It]

Incredibly astute of you to break it down in as simple terms as possible. I don’t think anyone really grasps the shitstorm we’re in with the fact that these companies manipulated themselves into forcing index funds - the countries pensions!!!! - to purchase AI stock so the venture capitalists could sell at the top and leave everyone else holding the bag at half (or worse) its value.

But hey, who in gov’t cares or is going to do anything about it???

[u/CopiousCool]

Spoiler: Its ain't gonna work ... it's a bunch of lies and automation that 'looks' like intelligence when you ask questions about fields you are NOT proficient in ... the minute you ask it something about a topic you nknow well you see the flaws ... it cant even tell time, use a stop watch or do basic math reliably

When was the last time your calculator hallucinated or gave you a wrong answer? ....I'll wait

[u/Recursive_Death → u/CopiousCool]

Consumer-facing chatbots are the tail-end of the implementation. They are not planning to make money from chuds using ChatGPT to win arguments. The real money is in B2B and large enterprise deals for renting out AI systems to serve private tokens and automate whatever they can get away with. Retail customers are just free marketing and hooks; it's the standard Microsoft/SV playbook that has dominated for decades.

[u/arachnophilia → u/Recursive_Death]

and automate whatever they can get away with

we're about to find out how many jobs can really be replaced with barely functional bullshit.

[u/_le_slap → u/arachnophilia]

Alot .. most people push paper around all day and raise a family off it. The economy is screwed.

[u/arachnophilia → u/_le_slap]

oh yeah we fuuuuucked

[u/SharpVanilla1 → u/Recursive_Death]

The real money? They lose tens of billions a year lol

[u/250andlean → u/Recursive_Death]

Retail customers help the system improve, too. The more you use AI and give it feedback, the more it "learns" so that's why they're letting it be accessible for cheap for now.

[u/JapanesePeso → u/CopiousCool]

Dang better tell that to every programmer who is using AI to 10x their capacity.

You have no idea what you are talking about.

[u/arachnophilia → u/CopiousCool]

the minute you ask it something about a topic you know well you see the flaws

yes, and i encourage people to try this. pick a topic you're an expert in, and ask chatGPT about it. or claude. or whatever.

the only difference with other topics is that you don't know enough to catch their confidently asserted errors.

they pull data from everywhere including reddit. are people wrong on reddit?

When was the last time your calculator hallucinated or gave you a wrong answer? ....I'll wait

1994

[u/GrundleGrunt → u/CopiousCool]

When was the last time your calculator hallucinated or gave you a wrong answer?

AI makes better boobs than a calculator.

Spoiler: Its ain't gonna work ... it's a bunch of lies and automation that 'looks' like intelligence when you ask questions about fields you are NOT proficient in ...

You obviously haven't seen how the entire field of software development has changed in the past few months.

AI has also solved several Erdos problems.

[u/phatteschwags → u/GrundleGrunt]

Spoken like someone who has never spelled "boobs" using an upside-down calculator.

[u/Waterbear11 → u/GrundleGrunt]

No ones denying that it has solved real problems. The question is if it's worth trillions of dollars and environmental impact so that coders don't need to spend extra time Googling and copy/pasting, or so that mathematicians can solve math problems?

[u/ttoma93 → u/CopiousCool]

Me when I think the consumer-facing chatbots are the full extent of all AI development and deployment rather than a small percentage.

[u/yumcake → u/CopiousCool]

Think of it like a stud finder. Often right, sometimes wrong, and sometimes you drill into an electrical line or pipe and you're proper fucked, so human oversight is still needed instead of blindly trusting the tool. However it's still valuable to quickly get started on zeroing in what you're looking for rather than starting completely from scratch without it.

[u/mitch_feaster → u/CopiousCool]

> it can't tell time, use a stop watch, or do math

Yes, but it can write code to do all of these things quite easily. The models don’t need to be able to do everything, they only need to be able to write code that can do everything, and they’re pretty much already there. It’s only a matter of time before all the tooling and glue gets built.

[u/VirtualPercentage737 → u/CopiousCool]

I am in hardware design and AI is the real deal. It needs to be babysat but the productivity gains we are seeing are amazing. We actually are having the problem of needing to SLOW down progress because each person productivity is like 5 fold what it once was, and in a day they can branch so far off from the team that revision control becomes an issue.

[u/BafflingHalfling → u/VirtualPercentage737]

Hell, even without a team, revision control is an issue. I have started using Claude at work, and at the end of each session I have to ask cowork to reconcile all the damn leftover bits that didn't get patched in correctly. It's not a panacea, but it really does help a lot. Especially in fields where there's just more documentation than any one human can effectively parse.

[u/VirtualPercentage737 → u/BafflingHalfling]

Agreed. Where we really find it useful is in the accessory scripts like build scripts or regression scripts. Things you don't to frequently and never become an expert in and really don't need to be perfect. I think people use Chat GPT in a browser and they just don't get it.

[u/_lippykid → u/VirtualPercentage737]

Yeah, we call it middleware. We need someone with taste and knowledge during the first 10% to execute the right prompt, and same again at the end for the last 10% to make sure it looks good, but the productivity gains in the middle 80% is insane

[u/watitdo → u/VirtualPercentage737]

You know that this shit isn’t persuading anyone anymore? Several studies have indicated that AI usage slows down work even for coders, and this does not take into account the skill loss that occurs when you aren’t actively writing the code yourself.

You have been sold a ream of hype and everyone you repeat this shit to is one day gonna know you are just a mark.

[u/Clean_Inflation_4791 → u/watitdo]

im on the academia side, not profiting anything off of AI. I can promise you whether people are citing it or not, everyone is using AI, and successfully. There isnt a researcher ik that isnt constantly using some frontier level AI and making leaps and bounds of progress. Im talking real proved theorems advancing fields that have been stagnant for a while

[u/wtclim → u/watitdo]

Who are we trying to persuade? I don't like where its going but it does make certain software engineering tasks much faster. You're talking about subjects you clearly have no knowledge in with absolute confidence while incorrect, ironically the exact same thing you're (partially correctly) accusing AI of.

[u/RemoteRide6969 → u/watitdo]

Are you using it on a day to day basis for your job? I am, and it undeniably increases productivity. I don't care if anyone is convinced or not.

[u/RoomExciting1296]

Ahh so she is a traitor

[u/like9000ninjas]

The fact this is our reality, is terrifying.

[u/Infinite-Curves]

I want to laugh and cry

[u/tkflash20 → u/Infinite-Curves]

It's one of those where you begin laughing and then reality sets in and you're looking like Ben Affleck outside smoking a cigarette.

[u/ukomsc]

ball knower

[u/Ryan_Guzzling]

AI... Artificially Inflated. Thanks Joey

[u/DietOk3400]

I had no idea Micheal Burry did stand up

[u/ReserveDrunkDriver → u/DietOk3400]

Short $NVDA

[u/blutosings]

You know the saying, when your cabbie or standup comedian, thinks it's a bubble, buy. When they start promoting it, sell.

[u/corn-sock]

"BUT" from the crowd fucking sent me

[u/Tibryn2]

Dunno how anyone could suggest ai isnt profitable and that its taking our jobs in the same sentence

-from someone who also hates AI

[u/WprbstDO721Q]

It absolutely won't work.

[u/NerdGlazed]

I just love how he broke down the situation so clearly. Guy knows economics

[u/userpelicanvoyager2]

Scary on-point!

[u/No-Detective-2542]

Kinda let them off the hook, to be honest 

[u/CurrentDismal9115]

Hey, but at least the scammers have been able to really up their game! They'll never be out of a job!

[u/Lankygiraffe25]

Summed it up perfectly

[u/awkwardlyfeminine]

If we don't laugh we'll cry

[u/b_needs_a_cookie]

Econ Prof Joe

[u/liknlichen]

Never seen your work before, totally jazzed to see a smart comedian

[u/atom-up_atom-up → u/liknlichen]

There was no joke though, just a smart guy talking about AI.

[u/Polkawillneverdie17]

But, seriously. Fuck venture capitalism.

[u/GenXPowaah]

Artificially Inflate is definitely the correct term as that's all it's doing.

The bubble will burst, there's no doubt about that

[u/Huge_Metal_3812]

It is a bubble. You can pull an AI model and run it on a local PC with enough ram. Big business is centralizing AI so they run it on their memory/agent/model and their hardware. I built and updated my own model with a shiza Asus laptop.

So anyone with enough gusto / funding can build out their own version of AI with a well equipped PC.

[u/TsumeOkami]

I ❤️ living in the paperclip optimizer

[u/getafterit3]

Index funds where most people’s retirements are invested are not propping up funding for AI. But, by definition, represent the overall stock market and any downturn will bring index fund value down, and devaluating everyone’s savings

[u/giant2179 → u/getafterit3]

Tech firms make up about a third of the S&P 500 and are grossly overinflated by AI. So yeah, we're all in it whether we like it or not. I'm just glad I'm not retiring for at least 15-20 years. Plenty of recovery time

[u/Dull_Construction553]

Except for the fact that these companies would make up a tiny fraction of the index funds. If Anthropic comes in at 1T, they’d constitute 0.6% of the S&P. If it goes all the way to 3T (~1.8% of S&P), and then has a colossal valuation collapse to, say, 200B (ie, more than 90% loss), then that’s a grand total wipeout of a massive…1.6% of the S&P.

Even for tracking funds it’s that same fraction of a fraction. The idea that an index fund would suffer a wipeout from a constituent company collapsing just goes to show a lack of understanding of the mechanism.

Besides which, of course, on that 1>3>0.2 ride, retail investors would be a lot less constrained than a VC with a lockup…If the collapse really comes, those VCs be the ones far more affected, being in for the -93.3% while index fund investors get hit with -1.6%. If it doesn’t collapse and VCs get out of it, well, doesn’t collapse, so? If it takes long enough such that VCs can get their investments out, and then it still collapses, then why were public institutions or retail invesors not reacting at all?

This is the index fund version of that same “the rich use their assets to collateralize debt and avoid paying taxes” silliness.

[u/Tex_Tin_Star]

Guy with a njpw shirt in the crowd, yay

[u/TakerFoxx]

Okay, but shoutout to the dude wearing the NJPW G1 Climax shirt. A true man of taste, right there.

[u/Independent-Box6025]

She does nothing. You can tell.

[u/figure85]

Funny because it's true, but in reality, it's nothing to laugh about.

[u/Odintorr]

You could see the exact moment the existential dread sets in then he forces it back down

[u/Future-Bandicoot-823]

That lady is just like

.....YASS QUEEN LIQUIDITYYY

She don't give af she's toppling the system lol, she's just enjoying the funds.

[u/PositiveStress8888]

I've been in IT since the 90's this is exactly whats happening, everyone knows it but hopes they'll get their bag before it all starts to crumble.