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They really are beating us at everything.
They did beat America in the race towards oppressive authoritarianism, but under Trump, the U.S. has caught up a great deal. So much winning!
Oppressive authoritarianism? But tankies told me that China is a place of unbridled liberty. A land of milk and honey. Unlike the evil West which is always horrible and terrible.
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some context, first of all, the -40% collapse only brought the STAR50 index back to its March 2026 levels.
and the Chinese stock market is heavily moderated by the government which is very different from the US market. if the stock rallies too quickly, the government generally speaking will try to slow it down. Sometimes through explicit policies 1, sometimes through a kind of “scare tactic” 2. Conversely, when the stock drops too sharply, the government also intervenes to prop it up 3. Honestly I feel more countries should do the same.
The Chinese stock market is also much smaller relative to its GDP (101.5%) compared to the US (227%) 4. All this is to say, if you look at China and think, “huh, their AI bubble burst and they still seem to be fine?”, think again. If and when the AI bubble bursts for the US, it’s going to be much much worse.
Point 3 is the Buffet Index. In 1929 and 2007 it was at 130%. Guess where that extra 100% comes from. AI companies and AI speculation. We are so fucked.
Please please may all of this implodes and all tech giants go broke because people realize whe don’t need them, we already have the fediverse and open-source softwares so can build a fair digital economy and get rid of the GAFAM and their friends.
That’s not how bubbles popping works. If the bubble pops, AI is here forever. It’s a bubble because there are more investors than there can be profit takers. The pop, is those investors losing money. But a TON of people that invested early, or make the product, become incredibly wealthy, and the companies that survive because household names for the next generation.
Cheap GPUs when?
I’m beginning to suspect never. The industry (read nvidia) got taste for selling stuff in bulk to those who don’t care about price and/or quality. They don’t want to return to the world where regular people (ew) were their primary source of income. They will find new scam to use their cards on.
When people give Intel a chance and when other companies start making good GPU’s. I knowo it’s terribly hard but given enough price hikes it WILL be profitable and it will happen.
Never. Western capitalists will make Chinese hardware illegal before they allow cheaper goods to undercut their profits. It’s exactly what they’re doing in the auto industry, why should tech be different?
Won’t happen anytime soon. Even if AI bubble popped today, the companies that remain make AI a household name will still be scooping up chips for decades.
That’s… that’s not how this works. That’s not how any of this works.
Mild discounts, yes. Cheap again? No.
Oh you sweet summer child. Do you actually think the price of GPUs are going to come down?!?
Only if you’re fine with writing your own drivers for Moore’s Threads GPUs…
Interesting. I think this is the first time I’ve seen the word “bubble” explicitly acknowledged as a reality and not a question in a headline of a major news outlet.
So I searched for '“bubble” in the past month from Reuters, and found several headlines raising the concern, but none actually using the word “bubble”, with the exception of one investors meeting in Singapore.
It seems that editors don’t want to scare/anger Western investors with the truth, but the Asia news desk under no such burden.
Shh, you’ll ruin the tech CEO’s self delusions. They need that AI to forget about their past boondoggles. Like the metaverse and NFTs.
They need it so they can have reasons they like their own kids
Tim Swiney still haven’t fully given up on those two.
Besides, boondoggle is fun. Some of those patterns are wild af.
Was there candy inside?
No, just cockroaches
Was there candy in the cockroaches?
No, just more cockroaches
It’s cockroaches all the way down.
Oh dear. I guess China ain’t what it used to be.
China used to be something?
Absolutely! Without China there’s no opioid crisis.
False. The demand has been created. While there is demand, there will be supply, China or no China.
Not even people there want to support this cray-cray ai trend no more, they just ahead of the curve huh.
Can we all just agree China and USA bad? I swear lemmy is such a china propaganda machine lately let’s not forget all the horrors of China in the very recent past.
I agree with that. Lots of China meat riding here, absolute refusal to acknowledge the problems and deny everything by saying “your source is made up usa propaganda” no matter what source you post. It’s kinda funny cuz trumpers do the same thing (fake news).
Which is wild cuz i was under the impression communism was all about giving and receiving criticism and struggling thru to an answer. But maybe that’s just the authoritarian side of China that crushes any kind of critique.
I thought libs were all about supporting the lesser evil? Or is it only minorities that you demand be utterly pure?
Nah, libs are more about calling out evil, greater and lesser both. And minorities aren’t inherently pure, they get called out too if they do heinous shit. It’s not so much about taking a side, more about trying to be a decent human being and encouraging others to do the same. It’s just that the American electoral system requires people to choose between a turd burger or a salad with a shit on the side.
Oh so you have no problem with choosing evil when it comes to American politics?
Where did I say that? I absolutely have a problem with it, this is why the American political system is so fucked. Shouldn’t have to choose between shit and shittier. The fuck happened to ‘the will of the people’?
I assumed that “It’s just that the American electoral system requires people to choose between a turd burger or a salad with a shit on the side” meant that you should choose one or the other, which to me means accepting the lesser evil.
“Ain’t that a shame.”
Seems to have more to do with China than AI per-se considering that TSMC, Samsung and SK Hynix are unaffected.
Paywall
Gotta be number one in everything /s
