Comment on AI Features Fall Short: 73% of iPhone Users and 87% of Samsung Users Say They Add Little or No Value
givesomefucks@lemmy.world 3 weeks ago
The only way to keep driving stocks up is to constantly come up with new shit.
But the fact is the home computing boom and even mobile phones was an anomaly. That growth is unsustainable.
However since stock prices are just investors opinion, companies have decided to just declare AI implementation is ground backing and everyone wants/needs it. So among investors they’ve just created this disconnected reality that it was, and now it clearly isn’t.
This reckless behavior among corporations in a hyper capitalist society often causes collapses. With this kind of concentration of wealth, it doesn’t take many rich out of touch assholes panicking and taking their money out to fuck literally everyone over.
A handful of billionaires could wipe out everyone’s 401k in afternoon. If they pulled their money out of banks, there’s not the liquidity for everyone else too.
shortwavesurfer@lemmy.zip 3 weeks ago
Glad I don’t have my money in banks then.
givesomefucks@lemmy.world 3 weeks ago
Regardless of what that vague statement means, you probably have zero reason to be as confident as you sounded.
But I’m not going to guess which method you’re alluding to.
pimento64@sopuli.xyz 3 weeks ago
I can’t speak for that guy, but all my money has been spent stocking the decommissioned missile silo I bought with lifesaving medicine, painkillers, contraceptives, cigarettes, gasoline and diesel, pornography, alcohol, ammunition, and over a hundred tons of highly processed junk food. No cash and no gold, only irreplaceable commodities. If society collapses, I will have a stranglehold on what people won’t do without, and I will parlay that into ruling the ashes like a god. An angry god. Primitive future societies will not remember my real name, but human development will be permanently degenerated by the generations of shameful blood sacrifices intended to appease The Defiler. Or The Iron Hand. I can’t decide which to go with yet.
Arbiter@lemmy.world 3 weeks ago
Oh hi Elon