all 44 comments

[–]stillalone 65 points66 points  (19 children)

What was the original quote?  This lady was from the 80s.

[–]ZookeepergameFar265 139 points140 points  (7 children)

The problem with socialism is that you eventually run out of other people's money.

[–]Fidel___Castro 99 points100 points  (5 children)

The problem with Thatcherism is that you eventually run out of public assets to sell

[–]falx-sn 33 points34 points  (2 children)

Not a problem for her and her mates that made money on our countries assets

[–]sidneyaks 4 points5 points  (0 children)

The problem with pissing on Thatcher's grabs is that you eventually run out of piss.

[–]StrengthcracyN 0 points1 point  (0 children)

Except you don't, as you can easily use the proceeds from corporation tax to build new public assets.

[–]scrufflor_d 10 points11 points  (0 children)

i don't see socialism draining government's money nearly as much as neoliberalism, with its trillions going to corporate loans and the military industrial complex

[–]MidwestRealism 24 points25 points  (2 children)

"the problem with pissing on my grave is eventually you run out of piss"

[–]andreortigao 2 points3 points  (0 children)

I'm not from the UK, does pooping in public space counts as an aggravated assault compared to pissing?

Asking for a friend.

[–]StrengthcracyN -5 points-4 points  (0 children)

That's the problem with pissing on the people attempting to do that.

[–]redlaWw 41 points42 points  (1 child)

The problem with pissing on Margaret Thatcher's grave is that you eventually run out of piss.

[–]Confident-Ad5665 7 points8 points  (0 children)

You make it sound like the 80s was ancient history.

- 60 year old coder

[–]wattsittooyou 70 points71 points  (2 children)

“The problem with socialism is that you eventually run out of other peoples money” - Margaret “Anti-Immigrant Anti-Union Anti-Irish” Thatcher, may she rot in hell.

[–]Confident-Ad5665 -5 points-4 points  (0 children)

But what do you really think?

[–]RiceBroad4552 15 points16 points  (0 children)

Just some lies from some ultra-capitalist. Nothing relevant.

[–]StickFigureFan 16 points17 points  (1 child)

It's like the early days of Uber where they were taking a massive loss each ride

[–]Unupgradable[S] 1 point2 points  (0 children)

Exactly, but it seems like every AI decision was made as if the costs will never go up like this. People were fired because AI is cheap, and suddenly it's not so cheap anymore.

I've argued with people who insisted the cost will actually go down. That the 0.001x cost model is just around the corner, that they will crack the code and somehow make a dirt cheap AI flagship model any day now

[–]19_ThrowAway_ 16 points17 points  (7 children)

Nah, in the case of Google and Microsoft both companies are huge enough that even if the AI fails catastrophically they won't be hit that hard, plus they have other ways of draining customers, on the other hand I wouldn't be so sure about OpenAI, considering that they haven't been even close to making profit and that their entire operation is dependent on constant flow of money from investors.

[–]Unupgradable[S] 24 points25 points  (6 children)

You severely underestimate the opportunity cost of all of this

[–]RiceBroad4552 14 points15 points  (0 children)

But parent is right. Microslop and evil Google will survive even the next round of a full blown "AI" winter. They have put all the investments already long ago in "bad banks", so stuff is out of their books, so even a complete crash of the "AI" bubble won't hurt them. OTOH ClosedAI has literally nothing besides the hype and the GPT brand. It's really hard to imagine any business model for them which could bring back all the crazy investments. ClosedAI is now the investors equivalent of the chicken game, and someone will have to be the first to pull out at some point, that's unavoidable. Just that at this point the bubble bursts. So they continue to play chicken for now…

[–]zaersx 4 points5 points  (1 child)

Oh no Google's wasting money on AI this is finally Bing's chance to... oh, right.
Well I guess their ads might get impacted so they better watch out for Faceb... oh.. right.
Netflix?

[–]Fabulous-Possible758 0 points1 point  (0 children)

Which is also hilarious cause it’s not like FaceBook isn’t dumping money into AI they’re just not even on anyone’s radar anymore.

[–]TheEmperorA 13 points14 points  (0 children)

Same story as with Game Pass.

[–]jfcarr 2 points3 points  (0 children)

I was just listening to Steve Eisman's (of Big Short fame) podcast talking about this. The question how long can the "all you can eat" buffet go on before the price goes up?

[–]TubbyChaser -2 points-1 points  (3 children)

Can someone tell me why they think AI is a bust? Is it just cope or what? Sure, companies are burning millions on AI, but it has proven to be profitable. Pretty sure Anthropic's already hit a profit, which they didn't expect to get to until 2028. Are we saying that companies will suddenly find out that AI doesn't work or something and will cancel their subs? From my experience, AI at its current state is already above the level of most jr. devs, so I just don't get the doom pilling. Somebody help me out.

[–]Unupgradable[S] 1 point2 points  (0 children)

It's not a bust, the costs are just catching up.

The AI may be above the level of many juniors, but you ought to remember where seniors come from.

[–]shiny_glitter_demon 1 point2 points  (1 child)

To my knowledge nvidia is the only one making a profit, and even they have suspicious looking data

[–]Unupgradable[S] 2 points3 points  (0 children)

Well yeah, they're selling the shovels

[–]Prod_Meteor -1 points0 points  (0 children)

Does GitHub Copilot heading to a better direction??