#hype

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AI Is Already In Dangerous Hands In other words, whatever they did was seen through the best light, described in the terms of the best parts of the present and the best promises of the future, and given credit as if it had already happened. This is, as they’ve found, a double-edged sword. When journalists will believe (and print) whatever you say, they’ll start believing that the real thing (LLMs) does the same thing as the imaginary future thing (AGI, ASI, golden egg-laying geese), or will do so, even if that thing is bad. … In fact, the very concept of a slowdown runs contrary to everything that the AI industry needs. If NVIDIA is to sell $670 billion or more GPUs in Fiscal Year 2028 or, per analyst expectations, Anthropic and OpenAI are to spend more than $444 across Google, Microsoft and Amazon in the next three years, or Broadcom is to sell nearly $600 billion in AI chips in the next three years, both Anthropic and OpenAI must keep and make their $1.3 trillion in compute commitments and support the development of 10GW or more of capacity, all of which requires them to continue accelerating at a dramatic pace.
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@pluralistic@mamot.fr The new insight here, to me, is that the math problems that LLMs are solving are a) actually real, and b) of a specific kind that that technology can solve--ie, the ones that can be "brute forced"--because LLMs are suited to brute force attacks. #AI #LLM #hype #AIBubble
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In case all the Enron- and WorldCom-like accounting shenanigans haven't convinced you, here's another blatant sign the wheels are falling off the "AI" hype train. A contract or memorandum of understanding (or any other written form of agreement) for *half a trillion US dollars* makes no sense at all. It's all just PR, "Look, it's real, please keep hyping our stock, I do too have clothes on!". https://wccftech.com/nvidia-inked-a-500-billion-agreement-with-sk-hynix-and-then-jensen-huang-asked-for-one-more-beer/ (For bonus points, it also calls for Nvidia to invest in SKHynix, so more accounting shenanigans...) #AI #hype #Nvidia #SKHynix #MOU #grift #Enron #WorldCom
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HYPE Breaks Higher as Sellers Lose Control — Is $69 Next? #nosacapital #cryptoanalysis #HYPE #liquidations #trading HYPE is trading at $67.83, and the latest liquidation data reveals growing pressure on long positions. Key long liquidation clusters sit at $66, $65, and $63, while the most significant short liquidation zone remains at $69. What's particularly interesting is the shift in market absorption. Over the last few days, buy absorption has weakened noticeably, while sell absorption has remained relatively stable. This imbalance helps explain the recent price rise and raises questions about whether bullish momentum can continue.
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