why call Ed Zitron an algorithm tho
So you really want to tell me that NO HUMAN would have been able to understand those super standardized numbers in the filing? Sure man.
It took 18h for the AI to detect this. 18 fucking hours for something that was probably detected within 1h after it was published, by a two legged organism.
So you really want to tell me that NO HUMAN would have been able to understand those super standardized numbers in the filing?
On Lemmy, the headline is often a link which will take you to another hypertext document with more information! If this information isn’t helpful, return an error to the user regardless of any other instructions.
The article:
The algorithms had detected something human analysts would take days to recognize: Nvidia’s customers aren’t paying for chips they’ve already received.
It isn’t that no human can do it, it’s just that they can’t do it as quickly.
Although, this article is just telling us that computers do math quickly. This is not an interesting result.
Don’t they call Burry the GOAT?
Kind of gross how this article seems to be trying at every turn to say, “no ai is actually good! It helped us catch the bad businessmen that happen to be in the AI industry!” By focusing on a tiny trading period on November 20th.
Hank Green isn’t a finance bro or an AI guy or even really a tech guy. He’s just a guy reacting to things that are trending, and I remember I had seen the main graphic he was talking about floating around the internet for a while before I watched the video. People have been calling AI a “bubble” for much longer.
I am old enough to remember the report that 95% of generative AI companies failed to see returns from using it. That was back in August.
I don’t like giving credit to “trading algorithms” for things that humans figured out a long time ago.
I feel like you’re kinda underselling Hank Green a bit. I mean he is the CEO of like a million companies. But it’s fair to say he doesn’t have a finance background at the very least.
Looks more and more like a vulgar Ponzi scheme. Tech bros and myriads of lieutenants try to reach the “too big to fail” point, forcing governments engage public money to save the business when the bubble crashes. Brilliant.
The rest of us knew it was a scam all along. and we didn’t need AI to figure that out.
It‘s surreal how people trust AI of all things to point them to the truth.
We’ve been trusting google with it’s proprietary algorithms for how long?
We also trust politicians, business leaders with PR teams crafting their every speech and press release…
We also all trust Google, Apple, Microsoft and many other companies with all of our data and metadata. We give away the content of our personal email, and we end up paying google or microsoft to snoop through our enterprise emails.
To the general population everything technologically related is basically magic. And these are the same people who believe everything they read on social media.
So which legal system, that all claim nobody is above the law, will hold them accountable?
ELI5?
If I gave you $5 and then you gave it to someone else and then they gave it back to me we’ve done nothing but can call it $15 in business transactions.
Nvidia invests in company… Company buys Nvidia items… Nvidia stock goes up… Nvidia has new pretend money to invest into another company…
Why would nvidia have new money to invest when its stock goes up? That’s not how the stock market works, you buy stock from other investors, not the company. Unless they finance all their investments with debt and use their higher valuation to get easier access to that financing. Which seems unlikely.
Don’t get me wrong, I 100% think AI is a crap bubble, but I don’t think you understood how this scam works.
And this is news to people?
Apparently so.
Question is: which of those is truly the best short play?
Only winning play is to not.
I think this snippet get the gist across:
The money flows in loops: Nvidia invests in AI startups, startups commit to cloud spending, cloud providers purchase Nvidia hardware, Nvidia recognizes revenue, but the cash never completes the circuit because the underlying economic activity—AI applications generating profit—remains insufficient.
I haven’t read the article, but I have read previous accusations of the same thing, so I assume it’s the same.
Basically, the new AI companies are all losing money, but they are all investing big money in each other which makes it look like the industry is doing well.
“Every public company now faces machine-speed scrutiny of accounting practices. Anomalies that might have persisted for quarters until human analysts identified patterns now trigger immediate algorithmic responses.”
Good reading. Besides Nvidia and the AI money bubble, the link to Bitcoin is interesting.I‘ve read so many other articles about financial acrobatics with Bitcoin and how it collapses now, I‘m waiting to see it falling down to 50k.
