This is a most excellent place for technology news and articles.
I'm actually planning to move my retirement into a money market because of the bubble and stock prices ballooning at a speed that just makes me anxious.
I'm waiting until the new year, though, so as not to miss dividends and because Christmas is coming, and with it, likely elevated spending in the US economy.
But I fully expect it to burst and think it'll be uglier than 2000.
I agree, but it is nearly impossible for a normal investor to be certain that the current stock price ISN'T the lowest it'll ever be. The bullshitters have an incentive to keep up the lies a few years longer, just look at the housing bubble, and when it burst, it might burst down to the current level or even higher, if that happens in a couple of years.
I was right once when I sold my ETFs before the Ukraine crisis unfolded, but I realise now that I was stupid-lucky-right. Will never do that again.
Also, I fully expect that some AI usage will withstand a critical review, and will prevail, just like the dot-com.
Then, there is the risk that the unexpected breakthrough DOES come, and the ai-super-senior can fix all the vibe-coded nonsense. I don't see it in the next 5 years, but both unexpected breakthroughs as well as unexpected plateaus have happened in the past.
writes this while sitting in a meeting where the boss is excited about all the fancy AI tool that are being sold to him [send help]
I know the feeling...
Fuck Sabrine Hoffsteader. She's an idiot and you should get your news from someone else. Stupid grifter
Regardless of her personal opinions, she's right on this.
Was really disappointed when she came out to be transphobic.
Do you have some Information about this?
She is a transphobe and peter thiel fangirl. She is against renewables and thinks that 'mainstream science' is just a money making scam. All around dumb bitch who chugged the kool aid.
I used to watch her when, as far as I knew, all she talked about was science (mainly physics) news. You know, talking about the thing she actually studied in.
Then one day she did a "capitalism is actually great" video, and spouted a bunch of erroneous neo-lib bullshit. Thankfully most of the comments tore into her, pointing out the logical falacies and out right lies she was parroting.
I only watched a few more vids after that as she seemed to get more and more out of her area of knowledge and saying dumb shit.
I had no idea about the anti trans stuff though. I'd just stopped watching and written her off as the Nth person to be smart in one area and try and apply that to other areas where they have no expertise but think they know more about it than anyone else.
So yeah, fuck her
I stopped watching her generally when she put up her poorly thought out, TERF-filled anti-trans video, but the "Capitalism is good, actually" video came up in my feed and I watched it out of curiosity.
It's so wrong it's impossible to know where to begin. She invents a history of money that didn't happen, defines capitalism in a nonsensical way and in the comments admitted she did no research for the video whatsoever and yet still defended her points as if her absolute ignorance on the subject was somehow laudable.
Absolute buffoon. Nobody should watch her videos. She is intellectually dishonest and generates ignorant content to garner clicks.
The facts are:
She has a PhD in theoretical physics. She could not find meaningful employment in particle physics. Unless somebody can correct me, she's produced little if anything substantive to the field.
In the last several years she has engaged in attacks against the public trust for science. She engages the conspiratorial-minded viewers who're looking for any reason to disavow scientific knowledge.
One example was putting on scripted theatrics while reading a self-penned letter fraudulently claimed was from a prominent scientist, who's identity and details of course must be kept totally secret. Reading out this "bombshell letter" was a transparent children's play, where the held-anonymous writer magically agreed with every one of her endless, bleating refrains, that most scientific research is "bullshit".
Then her support for Eric Weinstein who is a complete grifting con-man with an "entertainment" publishing that he fraudulently describes as both a "paper" and a credible physical theory. It was literally released on April 1 and directly in it, it tells you it is a work of fiction meant for entertainment, and like all good science (/s) may not be used, incorporated into other works, or improved upon. It's a complete piece of hogwash, and every credible physicist from here to Mars has described as not fit to wipe fecal matter; not a theory, not even science.
Then there's all the Theil money.
Check out Professor Dave on YT, he just fucking obliterates her.
Edit
First https://youtu.be/70vYj1KPyT4
Second and better https://youtu.be/nJjPH3TQif0
Third and best, 3.5 hours of clobbering with qualified physicists https://youtu.be/oipI5TQ54tA
Thanks for explaining!
Just from the thumbnail alone I was hesitant to check out the video. I'm glad I found this comment.
I used to like Sabine but she's a hack.
Can you elaborate?
TLDR she's educated but had some clashes with academia and basically leans into an anti-establishment slant on everything. She's kind of like an enlightened centrist but for science and conspiracy. She's no broken clock, but she's wrong on enough things that you can't really take her at her word.
She also doesn't really say a lot for how long she takes to say it.
She's a failed academic who blames anything but herself. To be fair, it's not a career for most.
Number 1 reason is the people selling it are far more excited by it than the people having to use it.
six rounds of funding without making any money should be proof enough, an industry can't be entirely made of unicorns.
NVIDIA is already paying podcasters and YT channels to cover Isaac and Jetson, so I guess the shovel seller is already seeing itself out.
If the last 5 years has taught me anything, it is that stock prices are completely divorced from the realities of the fundamentals of business. It is a clown economy and more like a casino then an honest measure of what a stock is worth. Especially with tech.
AI is way overhyped, to a level we perhaps have never seen before, but I would not expect the stock prices too reflect that.
Look at Tesla. The intrinsic value was no more than 10 billion before he started sieg heiling on national TV and alienated half of the western world.
What will continue to drive the stock prices is the support or acquiescence of governments to it. Do you the United States and the rest that follow.
