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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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A TL;DR of the Goldman-Sachs AI Criticism (lemmy.world)

submitted 4 months ago by homesweethomeMrL@lemmy.world to c/fuck_ai@lemmy.world

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[–] UnderpantsWeevil@lemmy.world 29 points 4 months ago (1 children)

Okay, yes true. But have you considered that Big Number Go Up? Do you really want to miss the boat on this massive speculative opportunity?

[–] riskable@programming.dev 2 points 4 months ago (1 children)

That's probably why Goldman Sachs is against AI all the sudden: They didn't invest much in it and now everyone else is reaping gains in the stock market that they failed to take advantage of.

[–] UnderpantsWeevil@lemmy.world 6 points 4 months ago

They didn’t invest much in it

Goldman was strongly bullish on Microsoft in mid-2023, right before it went on a historical run, precisely because they had enormous faith in the OpenAI project. This is a huge heel turn relative to their multi-billion dollar investment in the company from last year.