arent they all?
Revealed: UK's multibillion AI drive is built on 'phantom investments'
11–20 of 57 posts
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#12The US is no different. All the deals seem to make sense until you take a step back and realize it's just a bunch of circular investments. This bubble bursting is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait. https://en.wikipedia.org/wiki/AI_bubble
> is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait. When was that? Seems I missed it, the market cap of cryptocurrencies in general seems to still be around ~2.5T USD, way above what I thought an "implosion" would mean.
Oh crypto is doing fine, no issues there. NFTs however, like all the hype of pictures of monkeys selling for ridiculous amounts of money, that's the implosion I was referring to.
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#13The US is no different. All the deals seem to make sense until you take a step back and realize it's just a bunch of circular investments. This bubble bursting is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait. https://en.wikipedia.org/wiki/AI_bubble
I don't disagree, but I can't join you wishing for it to happen. It's going to be bad for all of us.
The longer it's delayed, the worse it will be.
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#14It's such as shame to see the country that produced the Sinclair Spectrum and so many classic gaming legends become so irrelevant in computing and gaming..
More than just that, so much of early "computer science" has .uk addresses associated, they had some serious chops in early software development, too.
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#15Earlier quoted context omitted.
> is going to be orders of magnitude funnier than the NFT/web3 implosion, I can't wait. When was that? Seems I missed it, the market cap of cryptocurrencies in general seems to still be around ~2.5T USD, way above what I thought an "implosion" would mean.
Oh crypto is doing fine, no issues there. NFTs however, like all the hype of pictures of monkeys selling for ridiculous amounts of money, that's the implosion I was referring to.
The "blockchain" collapse was covered up by the AI explosion, many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#16The current government, like the last one, are just a front for funnelling income tax from the poor to the rich, and of course doing whatever the Epstein Regime wants them to do.
But yeah, we need a power-hungry datacenter more than we need proper sewerage, proper water management investment, shorter hospital wait times, decent border patrol, or some of the fucking potholes fixed!
Still, it makes a change to just giving the money to the NarcoFührer clown in Ukraine, I suppose.
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#17> “mainline AI into the veins” of the British economy
Wow, what a terrible, yet perhaps inadvertently accurate, metaphor.
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#18Earlier quoted context omitted.
Oh crypto is doing fine, no issues there. NFTs however, like all the hype of pictures of monkeys selling for ridiculous amounts of money, that's the implosion I was referring to.
The "blockchain" collapse was covered up by the AI explosion, many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).
> many of the NFT/blockchain things that would have died out pivoted to be AI (or AI on the blockchain!).
I'm guessing you're talking about smaller projects? AFAIK, neither Bitcoin nor Ethereum have anything to do with AI, and combined they're 1.5T USD in market cap, that's not propped up by AI, is it?
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#19It's such as shame to see the country that produced the Sinclair Spectrum and so many classic gaming legends become so irrelevant in computing and gaming..
It's OK, we're doing badly across the board, not just computing. :-(
Re: Revealed: UK's multibillion AI drive is built on 'phantom investments'
#20It's such as shame to see the country that produced the Sinclair Spectrum and so many classic gaming legends become so irrelevant in computing and gaming..
Counter- (or at least more recent data-) point: Raspberry Pi, Arm.