eicker@lemmy.world to Technology@lemmy.worldEnglish · 1 day agoCompanies Are Realizing They’re Spending a Fortune on AI Just So Their Employees Can Generate Error-Riddled Slop, and Suddenly Cutting Back Budgets.futurism.comexternal-linkmessage-square200fedilinkarrow-up1290
arrow-up1290external-linkCompanies Are Realizing They’re Spending a Fortune on AI Just So Their Employees Can Generate Error-Riddled Slop, and Suddenly Cutting Back Budgets.futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 1 day agomessage-square200fedilink
minus-squarejj4211@lemmy.worldlinkfedilinkEnglisharrow-up16·9 hours agoOpenAI already explicitly postponed their IPO somehow hoping for a better climate to IPO in… A certainly… optimistic expectation.
minus-squareUroFighter@sh.itjust.workslinkfedilinkEnglisharrow-up5·2 hours agoYou should not try to make sense of a decision they probably used chatGPT to make. It’s bad for your metal health
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up3·2 hours agoNASDAQ just crested a new high this month, before stumbling last week. If the death of the tech industry is on the horizon, I can’t see it.
minus-squarejj4211@lemmy.worldlinkfedilinkEnglisharrow-up3·2 hours agoDJIA crested a new high September 3rd 1929 before stumbling 3% the next week. If death of the market was on the horizon, they couldn’t see it. The slide being attributable to some "I told you so"s coming to pass may bode ill for the bigger "told you so"s that come due in a few months. But the market doesn’t act rationally, both going up and going down, so who knows.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up1·1 hour ago DJIA crested a new high September 3rd 1929 before stumbling 3% the next week. And over a century later, what has become of it? If someone bought $100 of stock in 1929, how much would it be worth today?
minus-squarejj4211@lemmy.worldlinkfedilinkEnglisharrow-up1·38 minutes ago$100 of Krueger and Toll? $0
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-227 minutes ago$100 of the entire DJIA on September 3, 1929 adjusted annually: $13,633 If you’d invested in January of 1929: $16,913 If you’d invested in January of 1920: $72,275 January of 1930: $31,708 It’s never gone to $0
OpenAI already explicitly postponed their IPO somehow hoping for a better climate to IPO in…
A certainly… optimistic expectation.
You should not try to make sense of a decision they probably used chatGPT to make. It’s bad for your metal health
NASDAQ just crested a new high this month, before stumbling last week.
If the death of the tech industry is on the horizon, I can’t see it.
DJIA crested a new high September 3rd 1929 before stumbling 3% the next week.
If death of the market was on the horizon, they couldn’t see it.
The slide being attributable to some "I told you so"s coming to pass may bode ill for the bigger "told you so"s that come due in a few months.
But the market doesn’t act rationally, both going up and going down, so who knows.
And over a century later, what has become of it?
If someone bought $100 of stock in 1929, how much would it be worth today?
$100 of Krueger and Toll? $0
$100 of the entire DJIA on September 3, 1929 adjusted annually: $13,633
If you’d invested in January of 1929: $16,913
If you’d invested in January of 1920: $72,275
January of 1930: $31,708
It’s never gone to $0