When it comes to stock prices and value, I see the same kind of hype marketing surrounding it, not much happening in reality… Just a whopping 80 billion loss in only 6 months? It’s just freaking insane, and CoreWeave being downgraded & losing 54% in 12 months is the sort of thing I would expect from the crypto market, not mainstream big tech companies… The only real “mainstream application” I’ve witnessed thus far is an influx of low-skill hackers pulling off things they couldn’t have done otherwise, and more fake social media accounts than ever before… some things Robots, taxis, and trucks to replace workers, and creepy unwarranted surveillance systems nobody voted on to pay for. I’m sceptical that mainstream businesses implementing these applications will be reporting enough substantial revenue growth to offset their running costs in the end. That only leaves protein folding in medicine to “cure disease”, as if that will ever happen lol!
Enormous amounts of capex spending to build out the hardware to run the machinery of business. What’s incredibly isn’t the losses but the willingness of large financial institutions to extend this kind of credit in the first place.
It’s just freaking insane, and CoreWeave being downgraded & losing 54% in 12 months is the sort of thing I would expect from the crypto market, not mainstream big tech companies…
The crypto market is an excellent parallel, in so far as its a market everyone paying half-attention has insisted would collapse into fine powder at the slightest bit of financial pressure. And yet… It seems like crypto banking has stubbornly endured as the utility of an entirely unregulated and obnoxiously difficult to trace digital currency with direct links to the traditional banking sector becoming more apparent. Hey look! You can straight up dump cash directly into the back pocket of a sitting President and NOTHING stops you.
As to CoreWeave, losing 54% would be bigger blow if the company wasn’t still sitting on a $30B market cap. FFS, they’re still 6% over their 2025 valuation. I can’t help but think doubling your YoY revenue has helped them along.
The only real “mainstream application” I’ve witnessed thus far is an influx of low-skill hackers pulling off things they couldn’t have done otherwise
Well, then - firstly, you haven’t been looking hard enough. AI is getting itself insinuated everywhere, from accounting and legal to engineering and construction to sports betting and big finance. I don’t like it, but I can’t deny how much of the decisions at a mega-institution like JP Morgan or Blackrock are increasingly outsourced to some cloud computing machines in Israel owned by Larry Ellison.
But secondly, low-skill hackers pulling off things they couldn’t otherwise just describes your average small-cap IT department. Everyone touching a computer has experimented with these tools. And we all find something useful in them. Again, I don’t like that this is happening, but you’re a schmuck high on your own supply if you simply ignore it.
I’m sceptical that mainstream businesses implementing these applications will be reporting enough substantial revenue growth to offset their running costs in the end. That only leaves protein folding in medicine to “cure disease”, as if that will ever happen lol!
Protein Folding is one of those “only a computer could do this efficiently” problems that AI is exceptionally suited for. But churning out basic-bitch legal contracts with minor client-specified variations, based on a complex and constantly evolving common law system, is also a problem well-suited to AI. Really, anything that involves a high degree of nuance and complexity across a variety of niche fields with a host of very specialized tools can see a tangible benefit from the big Natural Language Input/Ouput Box.
You can be skeptical as you please. Lord knows I was. But it’s increasingly difficult to deny that these highly sophisticated and centrally hosted digital tools are flooding damned near every white collar field you could name.
When it comes to stock prices and value, I see the same kind of hype marketing surrounding it, not much happening in reality… Just a whopping 80 billion loss in only 6 months? It’s just freaking insane, and CoreWeave being downgraded & losing 54% in 12 months is the sort of thing I would expect from the crypto market, not mainstream big tech companies… The only real “mainstream application” I’ve witnessed thus far is an influx of low-skill hackers pulling off things they couldn’t have done otherwise, and more fake social media accounts than ever before… some things Robots, taxis, and trucks to replace workers, and creepy unwarranted surveillance systems nobody voted on to pay for. I’m sceptical that mainstream businesses implementing these applications will be reporting enough substantial revenue growth to offset their running costs in the end. That only leaves protein folding in medicine to “cure disease”, as if that will ever happen lol!
Enormous amounts of capex spending to build out the hardware to run the machinery of business. What’s incredibly isn’t the losses but the willingness of large financial institutions to extend this kind of credit in the first place.
The crypto market is an excellent parallel, in so far as its a market everyone paying half-attention has insisted would collapse into fine powder at the slightest bit of financial pressure. And yet… It seems like crypto banking has stubbornly endured as the utility of an entirely unregulated and obnoxiously difficult to trace digital currency with direct links to the traditional banking sector becoming more apparent. Hey look! You can straight up dump cash directly into the back pocket of a sitting President and NOTHING stops you.
As to CoreWeave, losing 54% would be bigger blow if the company wasn’t still sitting on a $30B market cap. FFS, they’re still 6% over their 2025 valuation. I can’t help but think doubling your YoY revenue has helped them along.
Well, then - firstly, you haven’t been looking hard enough. AI is getting itself insinuated everywhere, from accounting and legal to engineering and construction to sports betting and big finance. I don’t like it, but I can’t deny how much of the decisions at a mega-institution like JP Morgan or Blackrock are increasingly outsourced to some cloud computing machines in Israel owned by Larry Ellison.
But secondly, low-skill hackers pulling off things they couldn’t otherwise just describes your average small-cap IT department. Everyone touching a computer has experimented with these tools. And we all find something useful in them. Again, I don’t like that this is happening, but you’re a schmuck high on your own supply if you simply ignore it.
Protein Folding is one of those “only a computer could do this efficiently” problems that AI is exceptionally suited for. But churning out basic-bitch legal contracts with minor client-specified variations, based on a complex and constantly evolving common law system, is also a problem well-suited to AI. Really, anything that involves a high degree of nuance and complexity across a variety of niche fields with a host of very specialized tools can see a tangible benefit from the big Natural Language Input/Ouput Box.
You can be skeptical as you please. Lord knows I was. But it’s increasingly difficult to deny that these highly sophisticated and centrally hosted digital tools are flooding damned near every white collar field you could name.