#irrationalexuberance — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #irrationalexuberance, aggregated by home.social.
-
CAVEANT CONSULES...
(Remember Richard Feynman's book about computing?
The one that put _energy_ at the center.
Written some 40 (forty) years ago.)«In comments echoing those made by US Federal Reserve chairman Alan Greenspan in 1996, warning of "irrational exuberance" in the market well ahead of the dotcom crash, Mr Pichai said the industry can "overshoot" in investment cycles like this."
...
I expect AI to be the same. So I think it's both rational and there are elements of irrationality through a moment like this."His comments follow a warning from Jamie Dimon, the boss of US bank JP Morgan, who told the BBC last month that investment in AI would pay off, but some of the money poured into the industry would "probably be lost".»
...
«However, he also warned about the "immense" energy needs of AI, which made up 1.5% of the world's electricity consumption last year, according to the International Energy Agency.»
BBC:
Google boss says trillion-dollar AI investment boom has 'elements of irrationality'
<https://www.bbc.com/news/articles/cwy7vrd8k4eo> -
CAVEANT CONSULES...
(Remember Richard Feynman's book about computing?
The one that put _energy_ at the center.
Written some 40 (forty) years ago.)«In comments echoing those made by US Federal Reserve chairman Alan Greenspan in 1996, warning of "irrational exuberance" in the market well ahead of the dotcom crash, Mr Pichai said the industry can "overshoot" in investment cycles like this."
...
I expect AI to be the same. So I think it's both rational and there are elements of irrationality through a moment like this."His comments follow a warning from Jamie Dimon, the boss of US bank JP Morgan, who told the BBC last month that investment in AI would pay off, but some of the money poured into the industry would "probably be lost".»
...
«However, he also warned about the "immense" energy needs of AI, which made up 1.5% of the world's electricity consumption last year, according to the International Energy Agency.»
BBC:
Google boss says trillion-dollar AI investment boom has 'elements of irrationality'
<https://www.bbc.com/news/articles/cwy7vrd8k4eo> -
New video from #MeidasTouch just posted < hour ago.
#DementiaDon is sending a message to his #pardoned army to support him as he's being criticized for his idiotic #tariffs.
Followed by his #IrrationalExuberance saying the response to his #tariffs has been "FANTASTIC"! 🦇 💩 😜
https://www.youtube.com/watch?v=NhbnfTD-LCk -
New video from #MeidasTouch just posted < hour ago.
#DementiaDon is sending a message to his #pardoned army to support him as he's being criticized for his idiotic #tariffs.
Followed by his #IrrationalExuberance saying the response to his #tariffs has been "FANTASTIC"! 🦇 💩 😜
https://www.youtube.com/watch?v=NhbnfTD-LCk -
CNBC recognising the #AIbubble risks - huge and growing gap between AI investment/costs and litte returns to show for it
https://youtu.be/dx-tMK7w5g8
#AIhype #IrrationalExuberance #HypeCycle -
CW: Long thread/8
The AI bubble is indeed overdue for a popping, but while the market remains gripped by #IrrationalExuberance, there's lots of weird stuff happening around the edges. Take #InjectMyPDF, which embeds repeating blocks of invisible text into your resume:
https://kai-greshake.de/posts/inject-my-pdf/
The text is tuned to make resume-sorting #LargeLanguageModels identify you as the ideal candidate for the job.
8/
-
CW: Long thread/8
The AI bubble is indeed overdue for a popping, but while the market remains gripped by #IrrationalExuberance, there's lots of weird stuff happening around the edges. Take #InjectMyPDF, which embeds repeating blocks of invisible text into your resume:
https://kai-greshake.de/posts/inject-my-pdf/
The text is tuned to make resume-sorting #LargeLanguageModels identify you as the ideal candidate for the job.
8/
-
"The Silicon Valley Loop: How The Dot-Com Crash Created Palo Alto’s Clueless Investor Class.", Intelligencer (https://nymag.com/intelligencer/2023/02/the-silicon-valley-loop-malcolm-harriss-palo-alto.html).
#SiliconValley #VentureCapital #VC #Startups #Bubble #IrrationalExuberance #YCombinator #Funding #DotComBubble #Yahoo #Internet
-
#AI hype getting to you? It's just the latest in a long series of tech hype cycles. No need to throw out the baby with the bathwater. But there's an awful lot of bathwater out there. Here's an interesting stroll down memory lane from a few years back, with some lessons for all of us in the present day ... #GenAI #innovation #digitalhealth #HealthcareInnovation #healthcare #IrrationalExuberance #technology
https://issues.org/behind-technological-hype/ -
#AI hype getting to you? It's just the latest in a long series of tech hype cycles. No need to throw out the baby with the bathwater. But there's an awful lot of bathwater out there. Here's an interesting stroll down memory lane from a few years back, with some lessons for all of us in the present day ... #GenAI #innovation #digitalhealth #HealthcareInnovation #healthcare #IrrationalExuberance #technology
https://issues.org/behind-technological-hype/ -
I got a good chuckle from this article about #AI - “The A.I. business influencer guys must be stopped” https://maxread.substack.com/p/the-ai-business-influencer-guys-must #artificialintelligence #ChatGPT #socialmedia #influencer #listicle #IrrationalExuberance
-
A great #explainer by Matt Levine on the madness that is #TerraUSD and #LunaCoin (and #CryptoCurrency in general):
“Terra-Flops”, Bloomberg (https://www.bloomberg.com/opinion/articles/2022-05-11/terra-flops).
#Terra #Luna #DeathSpiral #UST #LunaCrash #PonziScheme #IrrationalExuberance #Confidence #Finance