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Why is oracle invested in ai at all? It seems entirely unrelated to the value they offer.
And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
The future load might definitely exist, but will it at a sustainable pricepoint?
I think you are about to see what post-AGI economics really looks like and it is not good at all.
So-called "AGI" has been hijacked and it isn't what you think it is.
This article is over a month old. Why is it being shared now? Its also posted on reddit where it has some lift.
You don't have to share only new things, often people share things that are many years old too and that's also fine.
We will continue to be told this is because AI is driving efficiency instead of that it's driving CapEx and investors won't tolerate FCF collapsing.
don’t forget that they will probably hire thousands off-shore
And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
At a national security level, the department of defense has already war-gamed mass unemployment. The defense sector would already have projected when the unemployment would happen and at what rate, I’m saying this to imply they had AI and judged its trajectory rather quickly awhile ago.
Data centers WILL happen, mass unemployment WILL happen, simply because, smarter people made it, assessed it, cannot deny it, and a large scale paradigm shift is occurring.
The data centers WILL get built (because the country needs it, don’t worry about why), AND you WILL get fired. Please await further instructions, thank you.
Try to stay in the same spot, oh, Covid helped with that remote work thing huh? See, this won’t be as painful as everyone thinks, it’s a nice smooth transition.
Edit:
I just want to add, the DoD is not going to let tech companies control the infrastructure of data centers either, too much of a security risk. So yeah, you better believe secret govt money is going to finance all of it, just like highways.
You’re welcome, now you don’t have to speculate.
Why is oracle invested in ai at all? It seems entirely unrelated to the value they offer.
And, with this, the economic contagion begins. Before this step, we had non-existent money loaned to build datacenters powered by non-existent power infrastructure to support future load that will never exist, with guaranteed revenue from companies that do not, and will never be able to pay. Previously, this was propped up with circular revenue and investment. Now it's going to be propped up by dismantling the US tec…
Earlier quoted context omitted.
Not sure that makes sense. As amazing a technical feat as AGI will be, does it follow that s.tons of money will immediately be made? That's not really how humans act, historically. Any migration to new technology takes years, decades. There are still steam engines pulling revenue service trains.
Yes - if AGI is made, nearly immediately every knowledge worker’s labor value goes to zero over night. This may or may not include AI researchers.
AGI would not make knowledge work valueless, it would move all the knowledge work value to the AGI companies.
https://www.reuters.com/business/oracle-plans-thousands-job-...
Ellison has borrowed money against $80 billion of his shares:
https://www.reuters.com/business/oracle-plans-thousands-job-...
Banks are getting nervous. The reaction of a psychopath would be to fire people so Ellison can pursue his AI fever dreams. Due to abnormal wealth concentration and total lack of common sense there is nothing to stop anyone should they go senile or insane.
The risk for the entire economy and the job market is immense.