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You seem to be mistaking greedy decision makers for highly reasonable decision makers, and assuming they are not convinced that this particular hype wave is the
by binary132 10mo ago
You seem to be mistaking greedy decision makers for highly reasonable decision makers, and assuming they are not convinced that this particular hype wave is their last best hope for big line going up forever.
- aleph_minus_one 10mo ago> this particular hype wave is their last best hope for big line going up forever. No hype wave has ever gone up forever in history, so I think it is legitimate to call such a crazy kind of model assumption for the investment "stupidity".
- binary132 10mo agoYou know what I meant. And perhaps you’d like to refer to what some of these people seem to think about AI — things like the idea that it’s going to so radically take over and disrupt society that there won’t be any work left for humans. That roughly approximates Big Line Up Forever for whoever’s building and running the machines. It IS stupid. But it’s very real in both Silicon Valley and corporate America boomer capitalism.