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   Charlie Stross (cstross@wandering.shop)'s status on Saturday, 21-Dec-2024 19:34:26 JST Charlie Stross

   It'd be so terribly unfortunate if the first year of Trump's second presidential term was marked by the implosion of the biggest tech industry bubble since cryptocurrencies leading to a stock mrket crash, the collapse of the commercial property market leading to a bank run, Musk-led deregulation of cryptocurrencies leading only to rampant fraud a la Sam Bankman-Fried, and simultaneous trade wars with Europe AND China destabilizing the US dollar, wouldn't it.

   Is this too much to ask for, 2025?

   • Embed this notice
     Charlie Stross (cstross@wandering.shop)'s status on Saturday, 21-Dec-2024 20:01:23 JST Charlie Stross

     in reply to

     • Brett R

     @swiftone Bear in mind AI in tech is being deployed to *deskill* the employee base, not downsize it. Companies laying off their US work force in favour of LLMs are using LLM tools that require huge amounts of human training, which is carried out by $1/hour workers in the developing world.

   • Embed this notice
     Brett R (swiftone@mastodon.online)'s status on Saturday, 21-Dec-2024 20:01:24 JST Brett R

     in reply to

     @cstross I'm uncertain what will happen. Previous tech bubbles popped with serious but predictable results. But this time around, tech has ALREADY been doing the layoffs. My friends and students all tell me of a market as bad or worse than after the dot com bubble or Great Recession, but there is still so much money chasing AI. When that tap is turned off, I'm not sure what they'll cut. (One could hope to cut the climate destroying data centers, but I'm sure they'll try to keep some)

   • Embed this notice
     Mistake not ... (zeri@chaos.social)'s status on Saturday, 21-Dec-2024 22:02:18 JST Mistake not ...

     in reply to

     • HighlandLawyer

     @HighlandLawyer @cstross I blame crypto currencies for taking up all the computation in our simulation. I wouldn't be confused if soon it shrinks the observable universe to make space for more sha256

   • Embed this notice
     HighlandLawyer (highlandlawyer@mastodon.social)'s status on Saturday, 21-Dec-2024 22:02:19 JST HighlandLawyer

     in reply to

     • Mistake not ...

     @zeri @cstross
     Year is probably inaccurate due to damage to the historical records during the Eugenics War (possibly corruption from LLM "AI")

     Charlie Stross repeated this.
   • Embed this notice
     Mistake not ... (zeri@chaos.social)'s status on Saturday, 21-Dec-2024 22:02:20 JST Mistake not ...

     in reply to

     @cstross I didn't get my Irish reunification of 2024, yet, so the probable answer is that it is indeed too much to ask for.