Yes they do, but when someone says "thats never made a cent" they dont mean revenue, they mean profit and everyone can understand that they mean profit so there's no need to point put that revenue ≠ profit.
eh, I look at as: we already paid for cheap storage and ram, but the AI buildouts are gobbling those markets up instead of creating their own supply chains.
The people that didn't have a chance to buy cheap storage and RAM yet didn't pay for it, did they? Not everyone bought components before the shortage. I bought a whole beast PC, so I was lucky, but not everyone had such timing.
Naaaa you think you deserve that but in reality you don't need that. You'll soon see how their products and tools make ram and storage redundant for you. I'm sure
It's easy. You buy a set of ram on Amazon and put your old sticks in the box when you return it.
I upgraded half the parts in my computer this way over a year ago. We really need to promote stealing from large corporations. It's silly how many people are still following the rules of society when they aren't.
The bonus for me is that the GSkill RAM i got is now a part of a class action settlement on their RAM speeds being advertised falsely. No idea how much I can get "back" but gonna try.
Working overtime on taking a little bit back from what they steal from us in taxes alone.
This is absolutely insane to me. AI is destroying society.
Now is the time to stand by your principles. And if you don't have principles, maybe raise some. Become anti-consumption and remove yourself from capitalism, as much as possible. Hate those people. You should hate them as much as possible.
It sucks too, because the power for pattern recognition and identification behind Machine Learning is incredible, and if we were being more responsible with it, we could be using it only for truly valuable purposes like early cancer detection, assistant tools, proofreading etc, instead of training it to plagiarise other people's work and kill people somewhere.
100% agree. What alpha fold did, which had to do with protein folding, was awesome. But ya, then comes capitalism and the idiocy and comfort-seeking of society and everything is ruined for everyone..
NVidia, AWS, and SoftBank are all involved in data center construction. Wonder how much of the $110B are essentially 'store credits' that just cycle back to them?
This. Softbank are probably the only ones providing actual cash of $30bn to pay employees.
"AWS to provide OpenAI with Amazon EC2 UltraServers, featuring hundreds of thousands of chips, and the ability to scale to tens of millions of CPUs for its advanced generative AI workloads"
Nivida's investment is measured in GW so that tells you all you need to know.
I'm not sure this is money laundering (that would imply there's a bunch of dirty money to get clean). But it is a scheme for sure.
Most of that cash is going to be spent, either directly or indirectly, on hardware from nVidia and now I bet they're going to use a bunch of cloud services from Amazon too.
Just inflating stock prices all round because for its investment in OpenAI, nVidia probably gets to own part of OpenAI + also one of the biggest end customers for their data center GPUs has more money to either build data centers or rent from existing providers.
Yeah seriously, $Billions and $Trillions are too common in the media to have the impact they should have.
This one headline is discussing an investment of $110,000 MILLION Dollars. That's enough to let an entire football stadium (either US version or everybody else version) of people retire tomorrow.
40 years of 100,000 people working $15 an hour would just barely make that much. Before taxes. And unpaid sick time. Of course. Sorry to be US-centric but we seem to be leading the way in this whole Road To Dystopia thing.
Can someone that lies better than me start-up a fake AI Company that's real purpose is to take all the memory and chips they have access to and sell them at a loss to normal people?
Not only would the prices come down , but we'd be actively screwing over all these giant companies that invested.
A hundred billion? I don't actually know, but that seems too high. I've worked as an automation engineer in a bunch of factories and know that you can get a fairly complex fairly large factory for 9 figures. I know semiconductors are complicated but so are a lot of things. I'd guess it's closer to a billion depending on scale/size/location.
5 years to start up a factory is fast, but doable.
This came from looking up how much people are currently spending to build a ram fab. It's worth remembering that the tools used are very complex and are also impacted by the massive spike in semiconductor prices.
They're quite literally making some of the most complicated and intricate things on the planet.
The vast majority of the cost is tools, and when the price of those spikes due to shortage the cost goes up insanely fast.
Cost estimates from even a just a few years ago have the cost being $10 to $20 billion.
I'm an idiot, that goes without saying, but I think that if anything needs another round of investment AND that extra investment is 110 billion of any decently used currency then maybe, just maybe, something is fundamentally wrong with the product in the first place.
However, like I said, I'm an idiot so what do I know.
Hype amongst the public seems to be waning. Look at the woman who recently took over Xbox assuring people it wouldn't get filled with AI slop. They're starting to realise people don't want the shit they're selling. But it's not like the markets have any correlation with reality.
Wait, you read a CEO statement and believed her? Watch as everything she said turns out to be false. This is an old corporate tactic, put women in power positions just to push them under a bus. Her job is to kill Xbox and take the fall. Microsoft doesn't want a gaming division anymore. This is why all they do is shutdown studios. They only got in because they feared Sony consoles would compete as cheap computers on the corporate market. It was never meant to go this far.
That and getting people so hooked on AI that they actually can't use their own brains, and are forced to use it as the price climbs higher and higher to make it profitable
That's the goal, once you can't outright afford the hardware what do you think happens?
Subscriptions of course, much like the phone "contracts" of today, now you can rent a PC, or better yet subscribe to a cloud instance of a PC.
You'd still need to subscribe to the LLM of course, but that'd be easier if it was bundled with your cloud computer subscription.
Then comes the software bundles, because they can't just have you installing whatever you want on their cloud machines, that's leaving money on the table.
Eventually with the next generation, or the one after that it will become normalised, just another thing you can't own because fuck you, that's why.
All of this adds a little more anxiety to OpenAI's alleged $100 billion funding round which, as The Information reports, Amazon's alleged $50 billion investment will actually be $15 billion, with the next $35 billion contingent on AGI or an IPO:
Under the terms of the investment, which are still being negotiated, Amazon would initially invest $15 billion into OpenAI, these people said. The other $35 billion could hinge on OpenAI reaching AGI or going public, the people said. The proposed Amazon investment is part of OpenAI’s current funding round, which could top $100 billion at a valuation of $730 billion before the financing.
And that $30 billion from NVIDIA is shaping up to be a Klarna-esque three-installment payment plan:
In addition, SoftBank and Nvidia each plan to invest $30 billion in three installments through the year as part of the round, said the people. Microsoft had been expected to invest low billions of dollars, The Information previously reported, but it could invest a smaller amount or none at all, according to two of the people.
Still a fuckton, but as usual Altman is hyping something that hasent actually happened.
Last October I built a new PC for the first time in a solid decade. My aging Intel 6700k has served me well. I had no idea of the missile barrage that I dodged by upgrading when I did.
I use my computer so seldomly that I honestly don't care. When it dies I won't be replacing it at all. The Internet quit being fun and interesting a decade ago and my smart phone is a time suck that makes it too easy not to practice music and only brings news that spoils my mood. I genuinely miss the all analog life. Thanks for reminding me. I'm going to go say hi to a stringed instrument now.
I mean musk said he is often unhappy. I just want people like both mentally suffer worse, maybe have a break down every few hours a day. Felt mentally lost & distancing themselves from help/friendship. Fell into destructive addiction. Or whatever
So now that people are boycotting Open AI over their partnership with the US Department of Defense, will that extend to these corporations who are enabling Open AI and their bad policies?
Oh you own all silicone production for a couple years?
Yeah you ain't got shit kid. I own the entire output of humanity from 2035 to infinity and beyond. I declared it was all for me, and a couple really really big wigs agree with me. So that means it is very real, and very legal and very not a monopoly.
So, you wanna rent everything you used to own from me? to bad, you cant afford it. See you in my prison slave camps later sucker.
The underlying message: We want to replace as many of you disgusting human workers as possible.
In five years, an unemployment rate of under 5% will be an historical anomaly. Double digit unemployment rates will be normal, permanent, and accepted.
Unemployment, homelessness, and debt will be illegal, and those who have committed those crimes, or require government assistance for food, housing, health care, etc., will be housed in the detainment centers, and leased out to corporations as slave labor, under the 13th Amendment.
Of course, that will increase unemployment even more, creating even more slave workers. Eventually we will have more unemployed slave workers than corporations require (they still prefer AI and robotic workers), and then the MAGA government will be faced with a permanent surplus of unemployable people in the camps, eating, getting sick, reproducing, spreading rumors, plotting escapes and uprisings, etc.
What are they going to do with all those excess useless people they despise? I wonder what Stephen "PeeWee Himmler" Miller would suggest?
110 billion more pumped into a company with no sustainable business model in sight 🫧
ads
And also all the military contracts that Anthropic will no longer take
I think the AI porn market might go somewhere. The internet is for porn after all.
I mean, Grok IS the world's largest source of CSAM, after all, and we know how much Republicans love that.
Nope, it's a 110 billion IOU...there is no money being passed around. That's why when this pops. It's gonna be grizzly.
at first its a pimple, but now its a boil, and growing to a bigger infection, once it pops it will reach the bloodstream.
$110b pumped into a company that's literally never made a cent.
OpenAI has made revenue.
It hasn't made profit.
"🤓☝️" everyone knows what they mean
OpenAI literally makes billions of dollars.
Yes they do, but when someone says "thats never made a cent" they dont mean revenue, they mean profit and everyone can understand that they mean profit so there's no need to point put that revenue ≠ profit.
No. The statement is ambiguous. I provided clarification.
A counter example to prove my point. No-one claims that Uber has never made a cent.
the hype is the business. scams can be business models.
How much more will DoD pump into it now?
What about the ram and storage I deserve?
They’ll have you subscribe to their RAM and storage.
Exactly. Nobody asked for AI.
What we ask for is cheap storage and RAM.
They are taking away something we want, and replacing it with something we don't want.
eh, I look at as: we already paid for cheap storage and ram, but the AI buildouts are gobbling those markets up instead of creating their own supply chains.
The people that didn't have a chance to buy cheap storage and RAM yet didn't pay for it, did they? Not everyone bought components before the shortage. I bought a whole beast PC, so I was lucky, but not everyone had such timing.
Naaaa you think you deserve that but in reality you don't need that. You'll soon see how their products and tools make ram and storage redundant for you. I'm sure
It's easy. You buy a set of ram on Amazon and put your old sticks in the box when you return it.
I upgraded half the parts in my computer this way over a year ago. We really need to promote stealing from large corporations. It's silly how many people are still following the rules of society when they aren't.
Yes, that's now I got all the HDDs for my NAS. No remorse stealing from Bezos
Nice. Zero victim crime.
The bonus for me is that the GSkill RAM i got is now a part of a class action settlement on their RAM speeds being advertised falsely. No idea how much I can get "back" but gonna try.
Working overtime on taking a little bit back from what they steal from us in taxes alone.
Until they decide to sell it again and the next customer gets what you returned instead of what they ordered
Over a year later. Falls under petty theft which has a statute of limitations of a year in my state. I'm not losing sleep over it.
And this is all theoretical for internet points. I'd never actually do something like that. Never never never. Not even once.
I also don't weight every fruit and vegetable at self checkout as a potato (lowest cost per weight item usually). I'd never ever do that.
I like you. You have a great mind.
The merry go round of fake capital continues.
What did we do wrong to deserve this?
The tools we deserve/need are cheap. A few pieces of wood and an angled blade.
Honestly we can get the same effect with one large ax and a stump.
I dunno... that requires some training to operate, and it's REALLY horrid when you miss...
Also it puts up less of a show.
...not if you miss horridly enough.
Don’t forget rope
Two large pieces of wood, and a few 9-inch nails.
Per billionaire.
An AR-15 is now cheaper than 64 gigs of RAM...🤔
Letting the South live after the civil war.
I think this is just negging.
So anyway, I pumped one of the biggest bubbles in history again
I profoundly hate this timeline
This is absolutely insane to me. AI is destroying society.
Now is the time to stand by your principles. And if you don't have principles, maybe raise some. Become anti-consumption and remove yourself from capitalism, as much as possible. Hate those people. You should hate them as much as possible.
They want to destroy society, and build a new one in its place. Preferably one, that comes without this pesky feature called "empathy".
It sucks too, because the power for pattern recognition and identification behind Machine Learning is incredible, and if we were being more responsible with it, we could be using it only for truly valuable purposes like early cancer detection, assistant tools, proofreading etc, instead of training it to plagiarise other people's work and kill people somewhere.
100% agree. What alpha fold did, which had to do with protein folding, was awesome. But ya, then comes capitalism and the idiocy and comfort-seeking of society and everything is ruined for everyone..
Nvidia buying more of their own GPUs. Definitely not a bubble, just kind of circle shaped
Look, it's simple. In capitalism it works like this:
Money = more money
Society = money
You = society
More society = more money
Society = more money
Thank you for your attention to this matter.
just the three biggest companies sinking $110 billion into a company that's never made a profit what bubble
and that's just the teeny-tiny tip of the economic circle jerk that's going on.
NVidia, AWS, and SoftBank are all involved in data center construction. Wonder how much of the $110B are essentially 'store credits' that just cycle back to them?
they are peddling to india apparently, where modi is giving them a free place to build, because the states is showing some resistance.
This. Softbank are probably the only ones providing actual cash of $30bn to pay employees.
"AWS to provide OpenAI with Amazon EC2 UltraServers, featuring hundreds of thousands of chips, and the ability to scale to tens of millions of CPUs for its advanced generative AI workloads"
Nivida's investment is measured in GW so that tells you all you need to know.
of course his PROFILE picture is ai GENERATED. i cringe at that cartoonish look that my older bro does with pictures.
Its been so since 4o Image released.
Sam Altman is a money launderer. he's just holding the money so everyone else can say they don't have money
I'm not sure this is money laundering (that would imply there's a bunch of dirty money to get clean). But it is a scheme for sure.
Most of that cash is going to be spent, either directly or indirectly, on hardware from nVidia and now I bet they're going to use a bunch of cloud services from Amazon too.
Just inflating stock prices all round because for its investment in OpenAI, nVidia probably gets to own part of OpenAI + also one of the biggest end customers for their data center GPUs has more money to either build data centers or rent from existing providers.
Yeah seriously, $Billions and $Trillions are too common in the media to have the impact they should have.
This one headline is discussing an investment of $110,000 MILLION Dollars. That's enough to let an entire football stadium (either US version or everybody else version) of people retire tomorrow.
40 years of 100,000 people working $15 an hour would just barely make that much. Before taxes. And unpaid sick time. Of course. Sorry to be US-centric but we seem to be leading the way in this whole Road To Dystopia thing.
Can someone that lies better than me start-up a fake AI Company that's real purpose is to take all the memory and chips they have access to and sell them at a loss to normal people? Not only would the prices come down , but we'd be actively screwing over all these giant companies that invested.
For that matter, how much does it cost to start a RAM manufacturer?
What could it cost..$10?
Ballpark $100,000,000,000 and five years per factory.
Modern semiconductors are very complicated to produce.
A hundred billion? I don't actually know, but that seems too high. I've worked as an automation engineer in a bunch of factories and know that you can get a fairly complex fairly large factory for 9 figures. I know semiconductors are complicated but so are a lot of things. I'd guess it's closer to a billion depending on scale/size/location.
5 years to start up a factory is fast, but doable.
This came from looking up how much people are currently spending to build a ram fab. It's worth remembering that the tools used are very complex and are also impacted by the massive spike in semiconductor prices.
https://www.blackridgeresearch.com/project-profiles/tsmc-arizona-fab-united-states-us-details-cost-expansion-latest-update
https://www.eteknix.com/micron-begins-construction-of-its-massive-ram-factory-in-new-york-to-help-prevent-shortages-by-2030/
https://www.tomshardware.com/tech-industry/intel-delays-usd100-billion-ohio-site-to-next-decade-first-fab-now-coming-online-in-2030
They're quite literally making some of the most complicated and intricate things on the planet.
The vast majority of the cost is tools, and when the price of those spikes due to shortage the cost goes up insanely fast.
Cost estimates from even a just a few years ago have the cost being $10 to $20 billion.
I had 32GB ranked ram and one stick failed. I now have 16GB now.
Just go outside. Avoid people, but the rest of it isn't terrible if you can avoid the rest of humanity.
I'm an idiot, that goes without saying, but I think that if anything needs another round of investment AND that extra investment is 110 billion of any decently used currency then maybe, just maybe, something is fundamentally wrong with the product in the first place.
However, like I said, I'm an idiot so what do I know.
Their current business model depends on keeping the AI hype going on, so from their perspective it is a good investment.
Hype amongst the public seems to be waning. Look at the woman who recently took over Xbox assuring people it wouldn't get filled with AI slop. They're starting to realise people don't want the shit they're selling. But it's not like the markets have any correlation with reality.
Wait, you read a CEO statement and believed her? Watch as everything she said turns out to be false. This is an old corporate tactic, put women in power positions just to push them under a bus. Her job is to kill Xbox and take the fall. Microsoft doesn't want a gaming division anymore. This is why all they do is shutdown studios. They only got in because they feared Sony consoles would compete as cheap computers on the corporate market. It was never meant to go this far.
I didn't believe her, of course not. But the fact she said it shows they are aware people don't want their AI bullshit.
That and getting people so hooked on AI that they actually can't use their own brains, and are forced to use it as the price climbs higher and higher to make it profitable
Don't be so hard on yourself. Have you heard Altman talk about anything? It'll make most conscious people feel less bad about themselves.
A lot of people won't have a computer/phone to make use of AI because of this 🤣
That's the goal, once you can't outright afford the hardware what do you think happens?
Subscriptions of course, much like the phone "contracts" of today, now you can rent a PC, or better yet subscribe to a cloud instance of a PC.
You'd still need to subscribe to the LLM of course, but that'd be easier if it was bundled with your cloud computer subscription.
Then comes the software bundles, because they can't just have you installing whatever you want on their cloud machines, that's leaving money on the table.
Eventually with the next generation, or the one after that it will become normalised, just another thing you can't own because fuck you, that's why.
FML: i scroll down maybe 10 posts and this : https://programming.dev/post/46457240
Thin clients for all!
well they are passing around money to each other over and over again, until there is none.
110
Billion
Dollars
The price wizard has spoken
I cast Market Irrationality!
I DECLARE
INSOLVENCY
I do d'eclair!
For the uninitiated
Even micro SD cards have got crazy expensive.
I think some CEOs are starting to slowly realise how unpopular AI is with the public. But at this point their sink costs are astronomical.
We could build hundreds of thousands of homes for families that need them, but it goes to stealing water, power, and land instead.
Art, too, of course, none of it actually works without that.
I don't understand, ChatGPT isn't even a well performing AI. It's a household name, sure, but it's quality sucks.
But it makes the line go up.
And how much of that 110 billion is real money and also isn't just rotating money that OpenAI sent to them?
Its not 110 billion up front. Its setup to hit 110 billion in several stages if they hit certain metrics like AGI or going public.
The first stage is something like 35 billion based on reports. 15 billion from Amazon, then 10 billion each from Nvidia and Softbank. Looks like Microsoft sat this round out since they arent name checked:
Still a fuckton, but as usual Altman is hyping something that hasent actually happened.
I wish I could attach a generator to this circular flow... unlimited powaaaah
Infinite Money Glitch
I think that's what Jensen think's he's got
Hey, what if no money is real money. Then what?
As long as I can still exchange mine for goods and services, I'm fine playing pretend. It's not the silliest thing I pretend on a regular basis.
Hopefully he’ll die painfully ☺️
Let's not hope but make ☺️
Last October I built a new PC for the first time in a solid decade. My aging Intel 6700k has served me well. I had no idea of the missile barrage that I dodged by upgrading when I did.
I was shopping for laptop ram recently, it was like a turd fight in a shitstorm. Eventually decided to make do with what I have.
I wanted to replace my 2TB HDD with an SSD.... but not for $400-$500.
"The tools you deserve", lol. I'm sure they'll get exactly that.
I feel like we are already getting exactly that.
https://lemmy.today/comment/22558859
I use my computer so seldomly that I honestly don't care. When it dies I won't be replacing it at all. The Internet quit being fun and interesting a decade ago and my smart phone is a time suck that makes it too easy not to practice music and only brings news that spoils my mood. I genuinely miss the all analog life. Thanks for reminding me. I'm going to go say hi to a stringed instrument now.
I felt this on a personal and professional level
Fuck those homeless/hungry/sick people I guess.
What if we don't want the tools? And even if we did (which we don't), the tools don't work, can't work, will never work.
RAM, like fines for breaking the law, is only for the rich elites.
So this should satisfy Sam Altman's hunger for a week?
I hope altman fell into unreasonable unending depression.
With that much money? Doubt it.
(And no, before you get all preachy, Sam won't end up poor, just the plebs)
I mean musk said he is often unhappy. I just want people like both mentally suffer worse, maybe have a break down every few hours a day. Felt mentally lost & distancing themselves from help/friendship. Fell into destructive addiction. Or whatever
So now that people are boycotting Open AI over their partnership with the US Department of Defense, will that extend to these corporations who are enabling Open AI and their bad policies?
There are reports going around that an AR-15 is now cheaper than current RAM sticks. We could sell our RAM sticks and pay Sam Altman a visit.
I need a new screwdriver. Do you make screwdrivers?
Linus will sell you one for $80
It'll be gone in 3 months and they'll be asking big daddy gubbment for a handout
I hope that dude chokes on his own puke and dies.
The only way to stop the bubble from bursting is to inflate it even more. Absolutely sable business plan they got there...
There is no way to buy RAM this year at reasonable prices. Hoping for the next one. 😭
Oh you own all silicone production for a couple years?
Yeah you ain't got shit kid. I own the entire output of humanity from 2035 to infinity and beyond. I declared it was all for me, and a couple really really big wigs agree with me. So that means it is very real, and very legal and very not a monopoly.
So, you wanna rent everything you used to own from me? to bad, you cant afford it. See you in my prison slave camps later sucker.
Maybe they are making it harder for us to get ram just to prevent us from running llms on our own hardware.
Sometimes smart thoughts chasing us are so fast that we can't escape them.
Yes.
I just upgraded my laptop's ram so I hope that is the last I'll need for a few years.
Lucked out and got some to fill my empty slots for about the same I paid when I built the PC a year or so earlier. All the same, fuck this timeline.
The underlying message: We want to replace as many of you disgusting human workers as possible.
In five years, an unemployment rate of under 5% will be an historical anomaly. Double digit unemployment rates will be normal, permanent, and accepted.
Unemployment, homelessness, and debt will be illegal, and those who have committed those crimes, or require government assistance for food, housing, health care, etc., will be housed in the detainment centers, and leased out to corporations as slave labor, under the 13th Amendment.
Of course, that will increase unemployment even more, creating even more slave workers. Eventually we will have more unemployed slave workers than corporations require (they still prefer AI and robotic workers), and then the MAGA government will be faced with a permanent surplus of unemployable people in the camps, eating, getting sick, reproducing, spreading rumors, plotting escapes and uprisings, etc.
What are they going to do with all those excess useless people they despise? I wonder what Stephen "PeeWee Himmler" Miller would suggest?
I would just kill myself tbh.
How long until new production lines are built?
Bastard Sam ,typical capitalist