Anonymous wrote:https://futurism.com/artificial-intelligence/gen-ai-workplace-surveys

First, two points don't make a trend. Second, the survey data shows "the percentage of Americans using AI to produce goods and services at large companies rang in at [a modest] 11 percent in October". I don’t know why anyone would call 11 percent of the workforce 'modest'.

And the so called trend is 11 percent to 12 percent. I'd call that flat.

Anonymous wrote:Hyperscalers (MSFT, GOOG, AMZN, META) will invest over 650 billion in 2026 on AI buildout per their earnings reports. Not sure if it will payoff for them, but it’s a boost for the overall US economy. And that doesn’t factor in all the other capital investment from none Mag-7 companies.

You are reading too much non-sense financial media

I have a friend who is a web developer, heavily uses javascript and .net programming. His company has declared AI will be used. Every week he submits a report to management on how he used AI that week. He also had to send a report giving an estimate of performance gain by using AI. He estimated about 15%-20% performance gain, mainly because AI makes no syntax errors or typographical errors when writing code.

However, AI cannot replace his job because AI can only give a basic framework to build upon. You still need logic flow and such to build the applications.

He said employees who refuse to use AI are likely to be fired.

Hyperscalers (MSFT, GOOG, AMZN, META) will invest over 650 billion in 2026 on AI buildout per their earnings reports. Not sure if it will payoff for them, but it’s a boost for the overall US economy. And that doesn’t factor in all the other capital investment from none Mag-7 companies.

Next I'm waiting for our technical analysis poster to give us support/resistance lines.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Uh...even more amazing that you believe that's what happened.

Pump and dump as old as time. There always has to be a tale to feed the irrational exuberance. This time around it was AI.

This. That’s why Altman is pushing so hard to IPO ASAP. He knows the music is about to stop and his “AGI is almost here” fundraising pitch is getting tired. Whereas Google has built in distribution for LLMs. I still think anyone in Chat GPT before the $500B valuation is going to make a killing though. My friend got in around $80B and their PPUs are worth $30M now as an L5 (basically 10 YOE).

Bigger question is what’s the next big thing that gets pumped - we had SaaS, then crypto, now AI since 2020 alone.

Quantum computing

LOL - so stupid, but actually might have some merit. Both were being researched MANY years ago, but just needed a buzz. QC can solve some amazing problems quickly, but unlikely it gets 1/1000000th the hype of AI.

Anonymous wrote:Harsh reality of money being dumped down a hyped rathole. Amazing so many "smart" people drank the kool aid.

You're just as dumb as the people are you are deriding. No kool-aid drank here, but "AI" is far from its final form for better or worse.

Anonymous wrote:

Anonymous wrote:Uh...even more amazing that you believe that's what happened.

Pump and dump as old as time. There always has to be a tale to feed the irrational exuberance. This time around it was AI.

This. That’s why Altman is pushing so hard to IPO ASAP. He knows the music is about to stop and his “AGI is almost here” fundraising pitch is getting tired. Whereas Google has built in distribution for LLMs. I still think anyone in Chat GPT before the $500B valuation is going to make a killing though. My friend got in around $80B and their PPUs are worth $30M now as an L5 (basically 10 YOE).

Bigger question is what’s the next big thing that gets pumped - we had SaaS, then crypto, now AI since 2020 alone.

Quantum computing

Anonymous wrote:Uh...even more amazing that you believe that's what happened.

Pump and dump as old as time. There always has to be a tale to feed the irrational exuberance. This time around it was AI.

This. That’s why Altman is pushing so hard to IPO ASAP. He knows the music is about to stop and his “AGI is almost here” fundraising pitch is getting tired. Whereas Google has built in distribution for LLMs. I still think anyone in Chat GPT before the $500B valuation is going to make a killing though. My friend got in around $80B and their PPUs are worth $30M now as an L5 (basically 10 YOE).

Bigger question is what’s the next big thing that gets pumped - we had SaaS, then crypto, now AI since 2020 alone.

Google and Gemini could be last LLM standing, they have the resources to ride it out and their search monopoly gives them an edge on content scraping.

Uh...even more amazing that you believe that's what happened.

Pump and dump as old as time. There always has to be a tale to feed the irrational exuberance. This time around it was AI.

AI use is already declining. By EOY these companies will announce scaled back or closed capex. Vultures will pick up assets for pennies on the dollar for scrap!

Anonymous wrote:Harsh reality of money being dumped down a hyped rathole. Amazing so many "smart" people drank the kool aid.

Because these “smart” people are all non technical MBA types, or if they are technical their greed overrides the obvious fact to anyone in the know that AI isn’t really AI.

Harsh reality of money being dumped down a hyped rathole. Amazing so many "smart" people drank the kool aid.