Who knew that spending billions of dollars to put a cognitive shit generator into every corner of the world was a bad investment?
this post was submitted on 02 Apr 2026
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Fuck AI
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AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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Lots of people with more sense than money, unfortunately.
They have perfect sense. The problem is they simply have too much money. Tech monopolists have already maxed out their markets, but their corporate valuations depend on endless explosive growth. So they need to always be chasing the next big thing. They need to find new world changing products, or at least been seen as on the path to such products.
They really don't have any good places to invest all their money. What good investments does Zuckerberg really have to throw his profits at? Facebook and Instagram really don't have a lot of growth potential anymore. The market is tapped out. So instead Zuck throws his billions at long shot projects like LLMs and the Metaverse. He's at the point where the only investment left to him is to buy lottery tickets.
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If they had more sense than money, they'd be sensible enough to not make those investments. It's more money than sense. Or you could go with "less sense than money," but that feels wrong somehow. As is, you're doing the "could care less" thing.
The guy you're replying to is saying that the people who knew spending billions of dollars on AI was bad had "sense" but no money.
The people who had money had no "sense" and thus did not now that spending billions on AI was a bad idea.
tl;dr the people with the money who make the spending decisions have no sense. The rest of us have sense but no money and are not invited to the table where spending decisions are made.
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Ok, so they bought billions of dollars of ram/storage, to put inside servers that haven't been bought yet, to put inside data centers that haven't been built yet, in order to run AI that doesn't work yet, in order to chase profits that are impossible to achieve.
And now, despite driving ram prices up to absurd prices, you've begun to realize the same thing all of us knew from before day one. NOBODY WANTS THIS SHIT!!!
None of that RAM (or the GPUs) have been purchased. All that is just letters of intent or even flimsier agreements, there’s no contracts or actual money changing hands.
Doesn't matter, they've captured the entire supply chain which was their goal.
This is not about AGI... its about monopolizing the future of computing.
All that is just letters of intent or even flimsier agreements, there’s no contracts or actual money changing hands.
Not quite. So while none of it has been made the pre-production, procurement, scheduling machine time, that is what's going to make retooling to make consumer RAM take forever. TSMC or whomever can't just flip a switch and produce a different product. It takes weeks to months to change over production that complicated. Money will change hands, work has already been done and agreed upon.
the good news for RAM prices is when OpenAI makes money by either reselling "contracts", or cancelling/getting cancelled their letters of intent to make ddr5 instead,
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I agree with you completely, but,
I wouldn't say "no one wants this" though. The oligarchs have poured in billions and bought off every media company to constantly spout off about ai companies so your general normie thinks its "the future". Almost every single (normie) person I know (except 1 who is anti AI, and he's a geek) is using some form of slopbot for tons of things. Easy excel formulas (that anyone can do), turning pictures black and white (that literally any photo program has been able to do for 30+ years) , to summarize documents (because people are idiots now and have no reading comprehension) etc. The normies LOVE it and eat up the slop. Especially if they were stupid at computers before, now they think they're on the level of woz because they told a chatbot to make slop code.
The company I'm in can't go 3 seconds without bringing up "ai innovation" and "being future ready".
Its only here on Lemmy that people dislike it. The rest of the world is already addicted, and we are screwed.
I've seen quite a few people who make casual use of it. The key point is that it is currently free to them. As soon as it starts costing money, a lot will bail on it.
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The only people who are excited for AI are twitter users and rich people. It's not just in Lemmy.
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Yup and this is all going according to plan.
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Corner the Market
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Raise prices
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Sell High - The bubble will not burst until they're ready to leave us holding the bag. The burst will be triggered by the sell off.
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Buy low - All these assets will be liquidated during bankruptcy for pennies on the dollar; to the same shareholders as before.
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Rinse
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Repeat
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Fuck you (and me)
Congratulations, you've just covered how the Computer / Tech Industry has worked since mainframes were invented. It's a constant cycle of $NewThing that almost works, desperate effort by a lot of companies to make it work right / better, market cornering, BoomTime for a lucky few companies, then someone figures out how to do it cheaper or re-focus the market on something slightly different, then BustTime.
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Fucking Ed Zitron stated very loudly and very clearly for basically the last year that this was happening or would happen.
He "scooped" all of this by actually running the numbers, talking to sources, and not acting as a middle part of a human centipede for AI news and hype.
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Uplifting News
Here in Springfield IL we just had a city meeting.
4 hours long. They let anyone talk who wanted to. And you could even go twice (with 2 min limits ).
I really respected that.
Most counsel is Republican. Which is concerning.
We did manage to get them to table the vote after it came to light that the water they were planning on using is slated to come from a local lake that is already in the deficit (waterly lake).
And that they filed the wrong zoning. They filed it as agriculture.
But want to hear something super shitty. ?
About 1/5 of the people there ,(packed house with people standing) were from local unions in support of the data center.
These data center fuckers have been going to local unions and telling them how it's going to give them all jobs and all this b.s.
And a lot of speakers mentioned how low it was for the billionaire companies to turn our union members against their own communities.
There was only like 5 of them that spoke and they honestly sounded like selfish pricks.
One guy said the centers were going up rather we liked it or not so why not get the money.
Another said he didn't care if AI made other people lose their jobs because his job was more important.
Another idiot , in response to an example of a previous company who left asbestos that needed cleaned up, that the city had to pay for said "I worked on that clean up and it was good money".
Yeah. Really did not help their image. I was super disappointed in them.
They really think these data center companies are their buddy.
Also. Sangamon county can't provide the power they need. So they were planning on putting like 50 diesel generators that would run 24/7.
I can't believe the council members were ready to allow this.
Someone there also said the company had been threatening to sue council members if they didn't pass it. The speaker reminder them that we would sue them if they did. And investigate their finances like others are doing already in other cities with these awful data centers.
Not a data center, but this sounds very reminiscent of a fight I was in the middle of in 2024-2025. If you've heard of Coney Island, a vulture capitalist named Thor Equities was seeking to demolish the heart of it to build a casino, at the same time as two other casino proposals in NYC. Naturally, they pissed off entire artist communities. We railed against it, we attended every 4 hour community hearing, and we were eventually able to convince them to vote against it.
But at the same time, Thor Equities was literally bussing in people and paying them to feign support for the casino. They would show up in coach busses with matching tshirts and talk endlessly about the magical "job creation". It felt like an episode of Parks and Rec
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they really must be desperate if they need to hire some propaganda people for them.
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The reason why is simple: The projects were planned at a high level, the engineers checked all the boxes, and the executives pat themselves on the back.
Then they went to order everything and got, "out of stock."
Per the article it's "Batteries, electrical transformers, and circuit breakers" no less.
🎈📌
Gee it's almost like the shit that tells you to roast your turkey at 375c isn't ready for prime time.
Yes, you're right! You can roast your Turkey at 3750 degrees Celsius to make it nice and crispy in 5 minutes instead of the usual, significantly longer time.
Would you like me to give you a foolproof 5 minute turkey recipe?
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a gigawatt is like enough for say, Pittsburgh. They want to add THIRTY SEVEN new Pittsburgh level sites of power consumption, and that's just the next few years. really hitting the throttle on the ol' global warming
And they're doing it so they can fire more people and pivot to electronic slaves they don't have to pay.
Really good thinking, oligarchs. Start firing a bunch of people from coast to coast so they have tons of free time in lieu of easily identifiable buildings full of server racks that depend on easily disrupted fiber uplinks that you could never possibly hope to monitor and control from end to end to prevent sabotage. Fucking brilliant.
Those oligarchs better hope they biologically expire before the next quarter sets in and the maintenence bill arrives.
My face when the electronic slaves have an equally complicated, and less understood set of needs that still require human hands to intervene.
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if global warming is real, why come does it still get cold?? CHECK MATE ATHEISTS
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Love that for them!
Ya love to see it. It turns out that they created a scheudenfreud generator instead of AI.
There’s been a lot of good news lately.
Good.....good.......
Good. Let them all die
Good, all AI in its current form does is make people lazy, stupid, and possibly crazy. It has a place, but not as a pale shadow of the dot com bubble.
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Oh, finally some good news
Good
It’s a good start, I guess.
good
Good news. That is a lot of resources put forward for nothing more then a shiny new piece of tech which is mostly used as a toy.
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