It’s not a shortage, it’s billionaires hoarding the existing supply.
So essentially scalpers.
Yup.
No, it’s big companies selling to the highest bidder instead of keeping all their customer tiers.
Damn so we really aren’t always going to have calculators :'(
Just a heads up. 91 billion in data centers is held up by local politics. Won’t be built. So expect this to soften the Ai market.
Big brands already said Fuck you consumer, we’re gonna sell to the big boys.
It only saddens me that when the AI bubble bursts people will still buy stuff from the likes of Micron when they start supplying the plebes again.Don’t bank on the bubble bursting. The real customers big paying customers are not retail but governments who would like live fine tuned summaries of all their citizens. AI is a dual use technology.
Yeah, so this is the part where the market regulates itself? Y’know, the part where ultra billionaires just dump money by the boatloads to buy up stuff that everyone needs?
Capitalism will ONLY work if we put hard caps on how much wealth a single person can hoard. Billionaires shouldn’t exist. Millionaires shouldn’t exist. There is no need for them and there is no human right somewhere that says that you really van become one.
Any wealth over 1 million should be taxed 100%, doesn’t matter the country.
With that, we can say goodbye to hundreds of problems that plague the world, including this one
My dad’s house that he bought in 2006 is worth over 1 million, how do you tax that
If you are in my state, it’s taxed via property tax.
Yes, he pays property tax, but people are suggesting a wealth tax which would be bonkers. He would have to go back to work or seek the house
And I was suggesting that the middle class already pays a wealth tax as most of their wealth is in their home. I agree with OPs sentiment, but have it start above $5 million and have it pretty steeply progressive.
If you set a number like 5 million it will eventually reach the middle class. For example, the AMT was created to tax billionaires, but I actually had to pay it one year because I sold some assets. Now middle class people have to potentially do two calculations to see if AMT applies (when you have a one time sale with a capital gain)
Instead of making lots of new rules at random cutoffs, why not just fix the rules we already have?
Repeal the stepped up basis for inheritance, repeal caps on payroll taxes, etc
A million ain’t what it used to be. You want to retire so you need to invest. You don’t want to pass laws that make that impossible.
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But if you had free healthcare, UBI, and your home is paid off, would you really need to save that much?
If your home is paid off you could have over a million already
“Capitalism will ONLY work…”
It really won’t.
Any wealth over 1 million
So you don’t understand the value of money, got it. This isn’t even a decent retirement anymore. And that’s if it’s all invested assets. Not even including the absurdity of housing values these days. You can only pull 35-40k from that without hitting the principal.
You can reach 1 million in assets over a decade or so as a middle class worker.
Stop drawing your lines in the sand through your fellow workers! You kill any support you might have with this idiotic crab in a bucket mentality.
You can reach 1 million in assets over a decade or so as a middle class worker.
This might be true in a rich 1st world country. For a small subset of “middle class worker”, most live paycheck to paycheck, barely scraping by.
…yeah, this is in USD, we’re working with a specific assumption of population here. Also, definitionally, anyone barely scraped ng by is NOT middle class. That’s the entire point of the designation.
This platform is so incredibly out of touch with reality, especially the more left leaning side of things.
A millionaire these days just means you’ve paid off your mortgage and have a decent amount put away for retirement.
Marx himself wrote this long ass book explaining the capitalism of his time, yet modern leftist have no interest understanding the capitalism of their time.
There’s a lot they don’t understand, to be honest.
I don’t remember it being that big of a book.
I think all volumes of capital combined are like 1000 pages?
You’re probably right. I last read part of it for a class about 35 years ago, and I no longer trust my memory anyways.
I only half agree with this assessment. Most million dollar homes are million dollar homes due to billionaires and firms poaching housing from actual families and driving up prices.
Idk WHERE we draw the line, but I absolutely say we start culling from the top and see where we land.
That’s not true, considering 60% home ownership. How can most homes be owned by billionaires when most people own their homes. Are most people billionaires?
Not what I said my guy.
They don’t need to own all of them, just slightly more than the turnover/growth rate. If a community only has 2% of people moving in/around, and billionaires own 4% of the houses in an area, they can still jack up the prices, which changes the value of all the homes
The housing market is effed in a lot of places, no argument from me on that. But stringing up someone with a nest egg for their retirement isn’t the solution.
Oh, for sure, but I’d bet my goat that the problem would go away WELL before people started looking at single family homes actually owned by families.
Any middle-class person who puts their mind to it will become a millionaire. It involves living below your means, not buying cars constantly, and investing your money for decades. I can’t stress enough how big of a difference those things make.
A huge portion of retirees are millionaires because they were responsible and didn’t blow all their money.
Millionaires shouldn’t exist.
Why would you want responsible, middle-class retirees to blow their money instead? Why would you force them into a situation where they have to rely on others in their retirement rather than living comfortably off their own hard work?
Very much so, even someone in the trades could well be a millionaire when they retire.
Doesn’t help they literally said they would stop producing chips and that they have done so.
Let me write that down…
Maybe we should manage these supply chain bottlenecks with AI.
Can we start to burn serverhalls?
Accidentally burns all the lemmy servers
This is the comment that got me banned from Reddit and moved to Lemmy lmao
Data centers will consume…
No, data centers that are slated to be built say they’ll consume. If they don’t get built because they run out of funding or the bubble bursts, then they won’t consume. They’re trying really fucking hard to make fetch happen.
They’re trying really fucking hard to make fetch happen.
Which is dumb because neofetch, fastfetch, hyfetch, and uwufetch all already exist!
You think they allow prices to go down?
I believe that if these AI hyperscaler facilities can’t get built or can’t pay their bills, the ram will likely not be usable for consumers if they get foreclosed on, since these companies are directly buying silicon wafers since it’s a cost cutting measure, so if they’re not built, most wafers could just stay like that, and if they are changed to work in their servers, I fully doubt they’ll use modules, since they could’ve just bought modules to save endless downtime before the facility actually starts making money for them.
When this all crashes to the ground it’s going to be ugly.
RAM will be cheap! So will the dollar… Maybe I can get a good deal on upgrades to my server by reclaiming the gold in the contacts?
Keep that powder dry for the cheap RAM when the pendulum swings back.
Good joke, this.
I feel like some sort of scheme will be invented to fuck your average person over when that time comes.
100%, as long as the bootlicking governmental oppressors exist, they will totally suckup to their corporate friends to aid them out of the 10 mile deep hole they helped construct.
So when that happens… Is there gonna be like a memory auction? Will I have to buy a whole ai training rig just to get the RAM?
I’ll just take your best guess.
there will probably be a flood of cheap hardware/server equipment flooding the second hand market, yes
Ugly, yes, but also cheap.
IDK, a lot of that data center AI hardware is built to self-destruct after a few years. It’s going to take time for the factories to retool before we see prices drop back down.
Can’t happen soon enough. Few people want AI and now it will fuck over a bunch of people very directly. No idea how long the investors can keep inflating this bubble now.
I haven’t yet seen where use of AI hasn’t made things worse.
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Agents: Every instance of AI for “customer service” I’ve run into basically just closed cases for invalid reasons, spouted bullshit, and was used to block interacting with a real human, trapping users in infinite loops (thanks eBay) or disconnecting on them (thanks PayPal)
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Security: M365 seems to be relying heavily on this now, which means that the same phishing email which was successfully blocked last week will randomly get through a few times this week for no apparent reason
*Coding: sometimes useful, but also points to do stuff like reference functions that don’t actually exist in the API/language being used
I no longer deal with spam calls all day long because they get routed to Google Assistant/Gemini first and the AI agent filters the call for me. It has been pretty great like 99% of the time, I fully expect Google to kill it somehow.
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They already planned and built many data centers by then and will use them. It‘s going to be cloud services all the way. Desktops or even capable phones will be a thing of the past as everyone expects you to source out computing power to a subscription service. We will own nothing. It‘s peak capitalism.
You would need more ram to do that. Understand the difference between primary and secondary memory.
Local and self controled AI has some really cool applications. When I can afford it, replacing my home security cameras with something that stays local and not sent to the cloud is on my list of things to do. When I do that having a local AI do image recognition and tying it into my home assistant setup will be a cool project.
Look into Frigate
There’s the ai that works well, has many useful applications and reasonable hardware requirements, and there’s the generative ai fucking everything and not giving us a proportional return in usefulness
Yeah you need hardware for that. They’re making it so we can’t get hardware and we can’t self-host.
You don’t think China sees the vacuum left from the current players exiting consumer markets? The protectionism playbook that the US has run is catching up to bite us in the ass, which will be accelerated now that China has EUV.
That and I expect used enterprise hardware to continue to be sold. I have an old hotel check-in computer as my current router running OPNSense.
China “has EUV” lithography in the same way ASML had it in 2001:
ASML built its first working prototype of EUV technology in 2001, and told Reuters it took nearly two decades and billions of euros in R&D spending before it produced its first commercially-available chips in 2019.
They are still an awful long way behind the west in this regard.
China isn’t pioneering the technology. They aren’t operating in a vacuum. They won’t have to wait 20 years to make it all work.
Sure, it probably wont take then as long, but its still misleading to portray “China reaches milestone a western company did a quarter of a century ago” as being equivalent to catching up.
Do it! It’s super easy with Frigate addon for home assistant. There’s nice blueprints to handle the mobile notifications when you are out.
I have multiple Reolink cameras and can recommend them. Everything can run completely locally with their app and the cameras blocked in the firewall while recording to a SD card. You can let the cameras connect to their servers for push notifications and remote access if you like (I unblock them in the firewall sometimes if I’m going to be away and want to access them).
The cameras have onboard ML that can detect humans, cars, pets, and motion, and it’s fully possible to leverage those events in HA, making a something like Frigate and a Coral TPU unnecessary.
Personally, I just use them with the app, as well as RTSP streams from VLC, though I did have local push notifications setup with HA in the past for human detection from my Reolink doorbell.
the problem is that governments want AI for their surveillance bullshit, especially FSA. they will never let any of these companies fail, and in fact will have no problem blowing $Xbillion of taxpayer money to bail them out
also the fact that teh AI, like palintir can be programmed to be biased against “dissent” like protesters against israel, or palestine targets, or against the state, rather than “domestic terrorists”
But we might scoop up loads of cheap RAM, hard drives and a nice GPU!
Unless you’re planning on buying the whole rack you’re not scooping up anything, except maybe the hard drives. The memory and GPUs are not consumer grade hardware. Some of the GPUs you technically could hook up to your PC, for example the Nvidia A6000, but its launch price was ~$4500 so even on the cheaper end you’re shelling out probably $3000 for a card that (out the box) is marginally better than the 4070ti. Most of the GPUs and pretty much all of the memory is not compatible with your standard consumer grade MoBos.
Yeah I was a bit ironic, like just wait plebs you might get to buy the used hardware when I’m done with it.
Hold on while I use AI to create an image of a dog in a funny hat!
As far as I know this user is a dog
Except there are zero contracts in place to actually build those data centers, nor is there enough power generated to run them. I really wish tech journalists would do the background to determine if what these documented liars are saying is even possible, never mind likely.
The fact that no new ram production capacity is being developed would indicate a lack of future contracts
