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Google boss says AI investment boom has 'elements of irrationality'

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Re: Google boss says AI investment boom has 'elements of irrationality'

#541

Interestingly I think if the AI succeed at the level that a lot of these CEOs hope we're not much better off either. And the sentiment that goes around is more: reduce the amount of people needed to do the same amount of work: https://www.theregister.com/2025/10/09/mckinsey_ai_monetizat... > McKinsey says, while quoting an HR executive at a Fortune 100 company griping: "All of these copilots are supposed to make work…

> Who is going to be buying the products and services if no-one has money to throw around?

Nobody. It's a joke. The reason China could do this is because they were selling to the world. Our idiot elites don't even believe that it's bad to run massive trade deficits every year, while watching the gradually increasing strength of every exporting country.

A great movie about this that I watched recently is Der VW-Komplex (https://www.youtube.com/watch?v=pBRIzhbTFUA), where I learned that in the late 80s fully 10% of Volkswagen's output was purchased by Volkswagen's employees. Bitomsky was already asking "what will the robots buy?" And watching a management that seemed to think of human needs and desires as an annoying complication of machine and product design.

> The problem becomes that eventually all these people who are laid off are not going to find new roles.

I will note again that middle class people are completely unsympathetic to this problem until it affects them. They're like "Just learn Spanish!" "Just become programmers!" i.e. just be like me, who planned ahead and was quiet in class and is exactly where I belong. Complete idiot answers given by somebody who isn't worried about their own position in society at all.

Almost every independent retail business closed down because the US wouldn't tax imports or Amazon purchases, every small town in the US was wrecked and every Front Street filled with boarded up storefronts or rotating unprofitable boutiques run by the wives and children of rich men, and the upper middle class just laughed, looked down their noses and complained about their taxes.

I suggest gig work. The people who own the machines will send you tips through your phone if you pick up the leaves and trash around the gates of their homes.

Re: Google boss says AI investment boom has 'elements of irrationality'

#542
post #492

Earlier quoted context omitted.

Kodak developed a prototype digital camera in 1975. In 1990 they started selling digital cameras. They manufactured their own sensors. How did they ignore technological advancements?

Having the shinyest toys is useless if you don't play with them. They had the tech but didn't see the danger in it, they belived that the lower quality digital camera would fail and investing in them would mean exploring a new market and they choose the safe corporate move, buisness as usual. Turns out that low quality but way more pratical and cheaper on the long run really sells

https://www.goodreads.com/quotes/908575-one-of-job-s-busines...

“One of Job's business rules was to never be afraid of cannibalizing yourself. " If you don't cannibalize yourself, someone else will," he said. So even though an Iphone might cannibalize sales of an IPod, or an IPad might cannibalize sales of a laptop, that did not deter him.”

Kodak did sell digital cameras but they were so scared of protecting their film business I don't think they went all in on digital and let the other camera companies take over.

Re: Google boss says AI investment boom has 'elements of irrationality'

#543
post #314

Earlier quoted context omitted.

In which of those countries is it possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children?

Two of my friends with relatively ordinary jobs have stay at home spouses. The cost of daycare is so high that it would basically eat up one of their salaries, and this way they get to actually spend time with their children, which they find to be more filling than a BS career. It is definitely doable in the US, and I would imagine most Western countries as well. My knowledge outside of them isn't current enough to s…

Problem is that in case of divorce, the stay at home partner financially suffers the most

Re: Google boss says AI investment boom has 'elements of irrationality'

#544
post #44

Earlier quoted context omitted.

> Investors are lining up to give them money. When they IPO, they'll easily be worth over $1 trillion. Your premise is that there is no bubble. We are talking about what happens when bubble bursts. Without investor money drying out there is no bubble.

I think we are in 1995 of the dotcom bubble for AI.

I asked a few weeks ago if we are at the Pets.com stage of the bubble yet.

Re: Google boss says AI investment boom has 'elements of irrationality'

#545

No shit. But it works, if you're stupid. If you're not then you will end up frustrated because it will be as if you have an over-eager trainee that is only slightly less dumb than a box of rocks when it comes to actual thinking but that has near perfect recall about a massive amount of information. A sort of idiot-savant. I gave it a try for a practical problem to see how long it would take to converge on a solution.…

[flagged]

Re: Google boss says AI investment boom has 'elements of irrationality'

#546
post #137

Interestingly I think if the AI succeed at the level that a lot of these CEOs hope we're not much better off either. And the sentiment that goes around is more: reduce the amount of people needed to do the same amount of work: https://www.theregister.com/2025/10/09/mckinsey_ai_monetizat... > McKinsey says, while quoting an HR executive at a Fortune 100 company griping: "All of these copilots are supposed to make work…

I don't even know what the selling point of AI is for regular people. In the 60s it was possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children. That's completely out of the realm of reality for many young people now and the plummeting birth rates show it. The middle class have financially benefited very little from the past 20+ years of productivity gains. S…

> In the 60s it was possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children.

And that was all because they needed to show to the communist countries how much better capitalism was.

Now communism is gone so there's no need to show off.

Re: Google boss says AI investment boom has 'elements of irrationality'

#547
post #137

Interestingly I think if the AI succeed at the level that a lot of these CEOs hope we're not much better off either. And the sentiment that goes around is more: reduce the amount of people needed to do the same amount of work: https://www.theregister.com/2025/10/09/mckinsey_ai_monetizat... > McKinsey says, while quoting an HR executive at a Fortune 100 company griping: "All of these copilots are supposed to make work…

I don't even know what the selling point of AI is for regular people. In the 60s it was possible for a man to work an ordinary job, buy a house, settle down with a wife and support two or three children. That's completely out of the realm of reality for many young people now and the plummeting birth rates show it. The middle class have financially benefited very little from the past 20+ years of productivity gains. S…

"work an ordinary job, buy a house, settle down with a wife and support two or three children"

Have you considered that there's more to human existence than to pay a mortgage and women are not something you keep in your house to watch after your offspring so they can do the very same when growing up?

Re: Google boss says AI investment boom has 'elements of irrationality'

#548

Earlier quoted context omitted.

which is kind of sad to think about. The US could have invested all that money to actually invest in its infrastructure, schools, hospitals and general wellbeing of its workforce to make the economy thrive.

It's not "the US" who's investing the money. This is the same problem people run into when they say, "we should just put money into more trains and buses rather than self driving cars". Private actors are the ones who are investing into AI, and there's no real way for them to invest into public infrastructure, or to eventually profit from it, the way investors reasonably expect to do when they put up their money for…

So much of the investment is circular. One software or hardware company is investing in an AI company which invests in the others. See this chart

https://www.noahpinion.blog/p/should-we-worry-about-ais-circ...

Re: Google boss says AI investment boom has 'elements of irrationality'

#549
post #416

Earlier quoted context omitted.

It's a simple catch-22 - women don't want to leave the workforce because one salary cannot support a family - yet women remaining in the workforce, since single-salary is infeasible, thusly doubling supply of workers, lowering salaries, which itself makes it infeasible to single-income a family Not to pick on women, as a feminist if you ask me, all modern men should have to be houseboys to serve their feminine master…

Well that's the point, men are refusing to suffer. There is little incentive to walking in a contract, where you are working all the time, no appreciation, love, gratitude or even a thank you. All the time being made to feel like you are not measuring up. And they'd rather be with somebody else apart from you. That done, you also come back from work and do all the chores you would if you remained single. And if a few…

You can spot a guy who 100% contributed to his divorce a mile away.

Basically a glowing LED billboard.

Re: Google boss says AI investment boom has 'elements of irrationality'

#550
post #422
post #416

Earlier quoted context omitted.

Well that's the point, men are refusing to suffer. There is little incentive to walking in a contract, where you are working all the time, no appreciation, love, gratitude or even a thank you. All the time being made to feel like you are not measuring up. And they'd rather be with somebody else apart from you. That done, you also come back from work and do all the chores you would if you remained single. And if a few…

Except that it is men who complain constantly about wanting to marry and have kids while women are much more content being single and have friends. You dont have to pay alimony of the wife worked thw whole time. That complain is funny in the comtext of men demanding to return back to time where alimony arrangement was necessary protection. Even in marriage, it is more of women who initiate divorce are report higher h…

> Except that it is men who complain constantly about wanting to marry and have kids

Easy to want that when "have kids" just means "impregnating your wife". Bet most of them would balk at the prospective of a 2 decade long 24/7 childcare duty routine if they had to do it themselves. Plus, if they really wanted to raise kids, many in orphans would benefit from a parent

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