The AI and General Sham (US) Economy Hater News and Video Compendium

preclaiming slot 2 incase

wait 6 months meaning the bubble will pop at the end of 6 months? or am i misunderstanding and it means like 'aah i'm dreading 6 more months of this'
or something else

@privacybro lol that poll option is meant to read as a very sarcastic 'in 6 months ai will have all our jobs and be running the world'

it's a joke take on when the talking heads were 'warning' about ai being '6 months away!' from... doing things....

oh ok i see haha, i guess there's not a way to take my vote back lol

interesting:
both anthropic and open ai deploying
'forward development agents'
to companies to 'assist' companies in finding ways to implement ai
one interesting comment:
'these guys are geniuses, making these companies lay off devs just so they can snap them up and send them back out to their companies as consultants to get them to use our shit'

vids:

articles
https://www.reddit.com/r/ExperiencedDevs/comments/1qxtynq/forward_deployed_engineer_role/?rdt=51175

https://www.cio.com/article/4167981/anthropics-financial-agents-expose-forward-deployed-engineers-as-new-ai-limiting-factor.html

other videos that came out/ I watched today:

I keep seeing these ai speculation / fearmongering videos pop up and I haven't been in the least enticed to follow along with it. I work in data annotation so I get a running commentary of where they're trying to go with llms and from my perspective its a very good product with untapped potential for further deployment in its current state and further development in the future. I use llms all the time for coding. Yes 'vibe coding' is bs but talking to llms about my codebases has been so instrumental that I'd happily pay for it if it wasn't free. I couldn't tell you if ai stocks are worth the price, and I couldn't tell you about the businesses behind llms, but as a passive investor in index funds I am not worried about having high exposure to the ai industry because although investors are obviously paying a premium, nobody knows whether that will be worth it or not and I'm diversified enough to be happy to take a spin. Sorry for being another fool on a crypto forum justifying their own investment approach, but I really just want to say that I take one look at these videos and think meh. Standard 'news' shit.

I think a bigger threat from the AI industry comes not from the jobs it will take (no threat really, you can't eat jobs and we can print money), but rather in the jobs that it will create. I look at my job and see the perfect prison. The system loves nothing more than a prison because it delivers comparatively more punishment per unit cost compared to a warzone, and is therefore instrumental in backing their fake money. My fear is that swathes of the population will have their lives devoted, by hypotic influence, to servicing ai. Not because ai offers an advantage but because it will 'create jobs'. That's my depressing take anyway.

gotta remember that index funds are made up of a lot of tech stocks, so in the crash, everyone will feel some pain.
SpaceX IPO is gonna be fun as NASDAQ has changed rules about how long it takes to put a stock into the Nas100, meaning index funds could be buying SpaceX stock as soon as 15 days after the IPO (usually months to years).

I don't believe AI is taking jobs, neither do the people I follow. (with caveats being copywriting, translation, which are impacted a lot) AI is a fun way for CEOs to justify right-sizing from overhiring in the covid area, and also a way to free funds for ai investment (which is different from using the money to actually implement ai, in this case it's for literally investing- )

oh, the public is already servicing ai! here's a cool video:
z

z

all the laid off workers are now welcome to serve the ai overlords and contribute their expertise to the data munchery~

other new (to me) vids and news.
Open AI providing chatgpt to citizens of Malta (where?) for free (for 1 year)
read: we gotta boost the user numbers Sam!
also read: we'll make it up in scale!

https://openai.com/index/malta-chatgpt-plus-partnership/

https://news.ycombinator.com/item?id=48163392

Samsung Strikes could impact AI?

https://www.reuters.com/business/world-at-work/samsung-global-ai-boom-spurred-looming-strike-deep-divisions-2026-05-15/

https://fortune.com/2026/05/17/labor-strike-samsung-ai-hbm-chips-dividend-revolution-memory/

random video I enjoyed, goes real technical into things

'gotta remember that index funds are made up of a lot of tech stocks, so in the crash, everyone will feel some pain.'
This is true, but that's expected, and tolerable. Like I said, obviously these stocks will be expensive but from my perspective in the industry, and due to the nature of the industry, I am tempted to say that nobody knows whether they are overpriced or not. So ultimately there is a risk that failure will compound with the collapse of this speculation premium, but that just the equity game. Let it flush out the weak hands. Bitcoiners know the way lol.

I my opinion, we reached GAI long ago, which could certainly become a prominent feature in how the world works. Particularly as data centres are also big power consumers, which is certainly the warlords' choice of industry to dominate society (which in my mind is much closer to the holy grail of investment than 'productivity'). My reasoning for arguing that we have GAI is that chatGPT can understand arbitrary natural language statements about any topic. That is GAI, even though it has limitations, even though it couldn't run a business, fight a war, or even develop a big software without human leadership.

'SpaceX IPO is gonna be fun as NASDAQ has changed rules about how long it takes to put a stock into the Nas100, meaning index funds could be buying SpaceX stock as soon as 15 days after the IPO (usually months to years).' This is dodgy as fuck. Gotta make sure to get the best index fund. RWA tokenised funds are my goto for psuedonymity, but they are limited. Freedom to choose the best ETF is key I guess.

Jusifying layoffs after covid overhiring. I could buy that. Covid was a fucking scam.

To be honest, I'm sorry to say I am still really not temped by the videos. Look too newsy. Imma just hodl ai. I'm more exposed than to actual real crypto atm haha.

I mean, you're free to do what you want.
I have my opinions, you have yours.
and also the thread has the word news in it!

I definitely don't agree about AGI, they're just predictive text machines, and as someone who uses them for translation, it's quite annoying how they can manage to do worse than google translate sometimes.
But I don't want this thread shit up with back and fourth that will never change anyone's mind.

back on track

Ed Zitron released a new free article:
https://www.wheresyoured.at/ai-is-too-expensive/

Red Hawk Media is a channel making a lot of tasty negative videos regarding stocks and AI. Seems to be some short selling group, butt they're one of the few who mentioned the changed Nasdaq rules

an interesting article that connects well is Ed Zitron's articles going over the incestuous nature of private equity and private credit, and how so many different industries have their hands in very risky financial pies out of a NEED to make their billions in 'held funds' work for them. (insurance, pensions, retirement accounts). The longer I live, the more I feel like Insurance is a legal ponzi scheme that will probably deny any big claim you have.

https://www.wheresyoured.at/hatersguide-pe/
https://www.wheresyoured.at/the-subprime-ai-crisis-is-here/
https://www.wheresyoured.at/hatersguide-privatecredit/

also for the sake of the timeline:
recently XAI booted over all of Colossus 1 (data center) to Anthropic. You can find different narrative spins on this, of course my favorite is the negative spin of Ed Zitron:

[As I discussed in this week’s free newsletter(https://www.wheresyoured.at/where-are-all-the-data-centers/),

I don’t believe very many data centers have actually come online in the last two years, which is why Anthropic had to desperately seek the comfort of Elon Musk’s horrible, gas-belching Colossus-1 data center.

Europe showing some signs of life in the 'fuck let's buy some ai companies' race
https://www.emmi.ai/news/mistral-ai-acquires-emmi-ai
https://news.ycombinator.com/item?id=48197995

Barnes and Noble to stock AI books - probably to get those tasty fees from the millions of slop grifters who will now be flooding to get their books listed
https://www.fastcompany.com/91544722/barnes-noble-ceo-selling-ai-generated-books-comment-social-media

IMO, as someone who was addicted to Amazon Kindle Unlimited and reading in general as a child, I'm glad I got to read human slop instead of AI slop. Maybe I should explore some books to see how bad things really are. I wonder if shadow libraries are doing anything to stop the upload of ai slop books.

Well, no ai slop can ever top my fave shifter romnovels. 600 pages detailing life in a world after a shifter civil rights movement is quite the life changing experience (I am a broken man)
more random words:

Ai costs compute for every in and output.
low level consumers are mostly using it to ask questions that could be searches
the disconnect here is, generating new tokens when the same question is asked hundreds of times a day by different people... is so inefficient. My proposal is for a system that indexes common prompts and answers, doing a 1x a day/hour 'update' on the result according to the popularity of the prompt.

anyone reading this, considering sending some positive vibes my way, I have my road test today~