The OFFICIAL tech stuff thread
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@Hog said in The OFFICIAL tech stuff thread:
@Jam said in The OFFICIAL tech stuff thread:
Is this a knee-jerk example of investor hyperventilation or is there substance to the issue?
Yes.
(Article you linked was well written but I don’t know the answer).
Us stocks are significantly overvalued because the investors are projecting future gains from selling AI services into them. This threatens to pull the rug under it, getting the money withdrawn and put into emerging markets, if investors start believing that it will give higher returns.
Is any of this based on any understanding? I don’t really think so. I’m in the middle of this and I have a lot of opinions, but it’s hard for me to predict what will happen tomorrow despite thinking that most of the people in the world have it wrong.
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I think I can explain it: everybody wants to eat for free.
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As an example, a fund we own a small part of was recently in talks to buy a share of Anthropic. We got a long report about the expected profits, and the gist of it was that it’ll keep growing rapidly for a decade because that’s what Google and Facebook did 20 years ago. I don’t think you have to be a genius to doubt that, on the other hand the nonsensical growth keeps happening so what do I know?
The sale fell through and I’m pretty happy tbh.
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@tigger said in The OFFICIAL tech stuff thread:
As an example, a fund we own a small part of was recently in talks to buy a share of Anthropic. We got a long report about the expected profits, and the gist of it was that it’ll keep growing rapidly for a decade because that’s what Google and Facebook did 20 years ago. I don’t think you have to be a genius to doubt that, on the other hand the nonsensical growth keeps happening so what do I know?
The sale fell through and I’m pretty happy tbh.
Nothing about the stock market is rational.
Nothing.
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Economic votes. That explains how a business can be successful. Either by purchasing their product or stock. Essentially you voting for a company by doing either.
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Posting for the headline:
Meta warns that it will fire leakers in leaked memo
Mark Zuckerberg told employees that leaking “sucks.”
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Hey Mark-o, you zuck, I’ve got a children’s riddle for you: If you want to keep a secret, how many people do you tell?
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Add F*cking to Your Google Searches to Neutralize AI Summaries
Google will probably close this loophole soon enough.
Aussies are going to be so good at this.
“How many fucking eggs should I use in a fucking omelette ya cunt”
It feels completely natural.
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$1bn revenue not enough to offset Meta's AR/VR Reality Labs' $4.4bn loss
Meta has published its earnings report for the three months ending December 31 2024, and despite $1.08 billion in reven…
Pretty surprised they reported 1 billion in revenue for AR/VR for one quarter. Shocked that they are spending four times that much every quarter.
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This year will decide if Horizon Worlds “will go down as the work of visionaries or a legendary misadventure,” according to a Meta executive
I’m on the edge of my seat.
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Britain Orders Apple to Build a Backdoor Into Your iPhone
Under the U.K. law, it’s illegal for the company to even talk about the existence of the order.
If history has taught us anything, it’s that governments can always be trusted and backdoors never fall into bad actors hands.
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If Hollywood has taught us anything, if a bad guy
opens the back door, a suave debonair, martini drinking Scotsman will save us, after he beds a few salacious named ladies."Let's give it a week! Still a disaster? Let's give it another week…" -Tazz
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Syringes Washing Up on Shore Close Five More New Jersey Beaches
The medical waste was first reported along the state's coastline over the weekend, and has continued to cause public safety issues.
It just rained (again). Is it safe to swim in the ocean?
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New Jersey was deep-sixing medical waste offshore (including medical waste for New York along with it), so maybe they still do this? Also, did anyone bother counting plastic straws on any beach? Then we would have basis for comparison.
If memory serves, Sandy Hook NJ was where all the used syringes were washing up on the beach for the news story years back.
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@Gustaf said in The OFFICIAL tech stuff thread:
If Hollywood has taught us anything, if a bad guy
opens the back door, a suave debonair, martini drinking Scotsman will save us, after he beds a few salacious named ladies.But in this case, he works for the back door bad guys, so we are fukt.
I hope the UK sinks.
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@Gators1 said in The OFFICIAL tech stuff thread:
@Gustaf said in The OFFICIAL tech stuff thread:
If Hollywood has taught us anything, if a bad guy
opens the back door, a suave debonair, martini drinking Scotsman will save us, after he beds a few salacious named ladies.But in this case, he works for the back door bad guys, so we are fukt.
I hope the UK sinks.
That is so short sighted! If the UK sinks where will we get our…uh…hm…
No I guess you’re right, nothing would change.
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I have to slightly disagree, sadly : the Six Nations Championship would then be the Three Nation Mess That France Always Wins, which would certainly be amusing for a couple of years but would soon lose some appeal. So there would be some minor inconvenience.
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Not to worry! You just go find yourselves 3 other nations of equivalent economic and cultural power to replace them with! Say, Haiti, Cuba and Puerto Rico!
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The idea is sound, but I worry we may anger the US government if we beat their former colonies every year, and we don’t have quite as many aircraft carriers as we’d need to do that.
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Meta’s laid-off ‘low performers’ defend themselves on LinkedIn and Reddit
You’d be a fool to take a job at Meta (or any of the other high profile tech companies if this becomes a trend). Meta has hemorrhaged billions on the Metaverse and recently indicated layoffs were because of it, Then Zuckerberg recently appeared to have acknowledged that his years of enshittifcation aren’t working and promised a return to the OG Facebook experience which will also no doubt lead to restructuring and layoffs. All those things are fine as they acknowledge mistakes and try to correct them. But to then tar thousands of your laid off workers with the “low performance” brush and negatively impact their ability to get new jobs is a cunt’s act.
