151–160 of 202 posts
I still believe in AI and I believe many of these companies are going to be staples of this new era. That said, I hope Oracle doesn't survive this transition. We need higher moral companies to usher in the AI era.
Like Google? Microsoft? Meta? Amazon? Those staples of morality?
Or like companies such as OpenAI that just stole industrial amounts of copyright to train their models?
Morality has left this building a long time ago.
It just seems so obvious that all of these companies are going to unwind and yet I don't know how to avoid being damaged by this in my retirement funds in the S&P 500. Hopefully all of this happens before Open AI can be flogged to the public in an IPO large enough to get into the S&P 500 -- in which OpenAI then goes to zero
Oracle was late to Cloud and now late to AI. Maybe it's time Larry let someone else take the helm.
Earlier quoted context omitted.
Plus I can run a reasonable LLM on my own hardware, so I don't even need to pay anyone else. And what I can run locally is only going to get better and better.
This is true, but this is also true for on-premise hosting vs cloud. And cloud has been booming for at least a decade before LLMs appeared. I suspect AI will follow a similar trajectory, i.e. companies don't move their AI deployments on-prem until they hit a certain scale.
The "Wall Street tech sell-off" is QQQM being down 1.7% over the last five days and up 17.4% over the last six months
Core Scientific (CoreWeave): -19% in one month
It just seems so obvious that all of these companies are going to unwind and yet I don't know how to avoid being damaged by this in my retirement funds in the S&P 500. Hopefully all of this happens before Open AI can be flogged to the public in an IPO large enough to get into the S&P 500 -- in which OpenAI then goes to zero
A company can't be included in S&P 500 if it doesn't make money, no matter what its market capitalization is. See Tesla for precedent.
Earlier quoted context omitted.
are you suggesting bailouts for the AI data centers are the new too big to fail
Coreweave can default and be liquidated and the data centers will keep running just fine.
At that moment what choice would the government have but to conduct a rescue that at least keeps the lights on, and probably more? What’s the alternative? Extensive data losses, business interruptions— if just a couple of those key companies spontaneously stopped operating, chaos.
It just seems so obvious that all of these companies are going to unwind and yet I don't know how to avoid being damaged by this in my retirement funds in the S&P 500. Hopefully all of this happens before Open AI can be flogged to the public in an IPO large enough to get into the S&P 500 -- in which OpenAI then goes to zero
I said this earlier but: It's interesting to see the market try to do anything to rally. The problem is you guys are rallying on the thought that you've scared the Fed into cutting rates, but actually by rallying you short circuit it. You ensure they won't cut. And that's how the market's lillypad hopping thinking is actually just stupidity. You rallied, so now there are no rate cuts so the crash will be even more br…
Market is rallying cause there is too much money chasing too few assets. PE ratios will not drop significantly baring catastrophe and then financial contagion. After that happens the money printer is turned back on and then...
Earlier quoted context omitted.
Market is rallying cause there is too much money chasing too few assets. PE ratios will not drop significantly baring catastrophe and then financial contagion. After that happens the money printer is turned back on and then...
I don't see a way out besides massive reconfiguration. We've been living in this world since 2008 and the train shows no signs of stopping, only speeding up.
Why contain it?