Vya DomusMost of the recent increase in the SP500 has been driven by a few AI companies while the rest of the stock market has barely recovered since 2022. It's obvious we're nearing some kind of peak, Nvidia is just trying to profit from all this but for everyone else I wonder if they really think it's a good idea to be spending close to six figures per ML accelerator node at this point in time.

You have all of this talk of AI replacing jobs but it seems that just the cost of hardware alone has ballooned to such a comical extent it may soon be cheaper to employee people instead.

bugIt really depends on what you do with these accelerators. If you can cut 1-2 jobs, you will make the asking price back in under a year. If you cut 0 jobs, but you get one of these doing the same job that was previously done by 2-3 accelerators, you will still make your money back on electricity and server space savings in time.

People need to understand that the laws of the market for these are completely different from the laws of the consumer market.

NoneRainlol do you know the news is about business, where money is invested in high-end tech only if it will make more money, right? You don't invest 3kk in a server if there's no projection on returns. But yeah.. idiots...

Vayra86Theoretically yes. And yet, people still have jobs. Unemployment can always be brought down, especially and even in high income sectors. You can indeed cut jobs, and then you'll find them growing on another end of the business again, and you're screwed if you ignore that. For example, look at everything fintech. Now we haven't got banking around the corner IRL anymore, but we have towers full of idiots watching money go across the globe. Internet banking, sure, saved a lot of jobs, and then required a slew of new ones to keep it secure and up to date. And on top of internet banking spawned a whole new world of fintech apps, plus crypto. The trust in the digital transaction made that all possible (which in the case of crypto is unbelievable irony).

bugI mean, if you were paying a bunch of software developers to write software to generate some reports, paying other people to look at the reports looking for some patterns that would result in some business decisions, you can now have a smaller team training a model, the model would look for patterns on its own and then you just pay a few more people to validate the results. Look at UiPath, they grew a unicorn automating other people's stuff, before the advent of AI.
Like I said, most of what the AI does today has relatively low usefulness. But that will change in the future.

DenverI love the examples that don't apply to even 1% of the population. It's funny that my psychology professor says the opposite, you are more productive in everything when you wake up early making your bed, and don't leave basic tasks to others. It also helps to develop humility.

In order not to deviate too much from the topic and irritate the moderators, I'll just say that in the real world, most people who pay much more for something than it's worth are not millionaires scraping by, they're ordinary people, with debts in the bank, living on rent. etc... I know the world I live in. Just open your eyes and look around, the world is full of people who are easily manipulated, whether by scammers or companies similar to scammers.

If there is no corruptor, there will not be a corrupt person.
If there is no drug addict, there will not be a drug dealer.
If there weren't people with empty minds, most politicians wouldn't be such trash.

:toast: