3 ms·
> As a bystander directly immune to the fortunes of AI going up or down Sorry to break it to you but you are neither immune nor a bystander to the fortunes of
by darth_avocado 3mo ago
> As a bystander directly immune to the fortunes of AI going up or down
Sorry to break it to you but you are neither immune nor a bystander to the fortunes of AI going down. You are part of it all whether you like it or not.
- bdangubic 3mo agoyou can 100% and totally be immune to it
- boelboel 3mo agoWhich type of person is immune to it and where do they live?
- vouaobrasil 3mo agoI guess if you're older, retired, sufficiently wealthy and have few needs (house paid off, lots of savings, don't care too much about acquiring new tech) then you can easily not be affected.
- deleted 3mo ago[deleted]
- red-iron-pine 3mo ago"sufficiently wealthy" is quite a term -- doin a lot of heavy lifting there. there are a lot of older folks leaning on 401ks and IRAs that are heavy in big indexes and I suspect many of them may end up eating cat food to get by if/when the bottom drops out.
- jujube3 3mo agoHomeless people who live in the sewers. But first, you have to learn karate.
- mminer237 3mo agoJust don't be invested in AI stocks, heavily leveraged in the stock market and about to retire, or work at a place built on such?
- red-iron-pine 3mo agothose dudes on the sentinal islands. they never felt the AI explosion and won't feel the hit when it goes down. the rest of us will, though. I for one am looking forward to cheaper graphics cards, which I'll use to play video games after givin out handies behind the wendys
- msandford 3mo agoHow do I get zero direct and indirect stock market exposure, no electricity price impact, no RAM or GPU price impact, etc? I'd love to live in a world where AI firms bidding these things up doesn't affect me but I'm really struggling to understand how they aren't impacting the market.
- deleted 3mo ago[deleted]
- nancyminusone 3mo agobe poor (minus electricity, I guess)
- msandford 3mo agoIf I'm poor I'm still indirectly exposed through the stock market. Employers stock goes down I get fired. Employer has better robotics because of AI? I get fired. Datacenter wants to get built where land is cheap? I get evicted. Just because I'm too poor to own stocks doesn't mean stock prices don't affect me. That's indirect exposure not direct exposure.
- DeluluDon 3mo agoI started buying stocks by investing $5 fractional shares each week. You're never too poor to own stock.
- Gud 3mo agoYou don’t like computers? Because these corporations are pushing up computer prices, for the rich and poor alike.
- bdangubic 3mo agoI have a computer, don’t need a new one
- jackb4040 3mo ago
- jgalt212 3mo agoSilly person didn't you see that film with Ashton Kutcher?
- bdangubic 3mo agolife is too short to watch ashton kutcher movies
- missedthecue 3mo agoYou're not breaking anything to me. I deliberately phrased it as "directly immune" because I have no financial stake in AI-related companies. Obviously a debt-bomb of any type imploding reverberates across the economy.
- esseph 3mo agoIf you have a 401k, you likely have AI investments.
- rwz 3mo agoThe entire economy collapsing would likely heavily affect you even if you have no financial stake in AI-related companies similarly to how subprime mortgage crisis in the 2000s affected even people without mortgages.
- thrance 3mo agoIn fact, the subprime mortgage crisis impacted the average Joe much more than the fuckers responsible for it, who ran away scot-free with fat money bags. The financial crash that will happen as the result of the AI speculation bubble popping will be the exact same. You won't see Altman or Dario on the streets, that's for sure.
- donavanm 3mo ago> I have no financial stake in AI-related companies so zero exposure to any popular index? Even “ex-US” is tsmc and sk-hynix in a trenchcoat. I think it was BHP exclaiming that theyre an AI play because they cover 85% of the raw materials in DC build outs. In the current mania “no financial stake in AI-related” is a very bold claim.