Investors wipe $2.5T off Nasdaq as blue tsunami prompts AI fears
Posted by lilerjee 16 hours ago
Comments
Comment by gnabgib 16 hours ago
Or Nasdaq plummets 4% into correction territory (195 points, 161 comments) https://news.ycombinator.com/item?id=50381623
Comment by johnea 5 minutes ago
I'm not even a democrat, but that headline makes 0 sense.
I call bullshit.
The "fear" is that there will be an US government that doesn't let any corporation that pays enough in bribery, get away with any crime they care to commit.
The fact that it affects the entire market also demonstrates that the entire equities market is a 200 year old relic that should be scrapped and replaced with some kind of deterministic share value system.
Comment by AnotherGoodName 14 hours ago
There’s no wall street conspiracy to crash the market since dems are in charge nor is there much to read here.
Comment by RickJWagner 3 hours ago
I guess this one is hitting us in the wallet.
Comment by t1234s 15 hours ago
Comment by beej71 1 hour ago
If companies want to build data centers with low political risk, they have to show viewers what the value is.
This isn't a Democrat issue.
Comment by zugi 14 hours ago
Comment by costeve00 14 hours ago
Comment by dyauspitr 14 hours ago
Comment by gdulli 14 hours ago
Is this really the quality of comment you want to have put out there?
Comment by unshaved2 14 hours ago
> The rapid development of digital technologies, including applications of artificial intelligence (AI), is having a significant impact on the social, economic, and political life. From the way individuals communicate and form relationships to the methods by which political discourse and economic transactions occur, digital technologies increasingly mediate our lives and societies. But while presented as milestones in innovation and progress, these technological transformations have also raised concerns about democracy (Nemitz 2018; Kreps and Kriner 2023; Jungherr 2023; Coeckelbergh 2024) and seem to introduce and support mechanisms of control, forms of organization, and ideological patterns that bear striking resemblances to historical fascist phenomena.
https://link.springer.com/article/10.1007/s00146-026-02862-9
Comment by sublinear 13 hours ago
Transformers are not a particularly significant academic breakthrough in computer science or engineering, but they are an application of what we used to broadly call "big data". The research had a much smaller impact on the result than the sheer scale at which we started to throw hardware at it and the very permissive situation we found ourselves in regarding the data that feeds it.
None of this really works without the massive amounts of data and hardware. It's enough to make you wonder how many times similar thoughts had been floated before we accepted some variant of the "transformer" idea.
As a consequence, AI is more like 50% political, 30% sales pitch, and 20% "tech".
Comment by tomabuct 13 hours ago
It's hugely annoying when people downplay ideas that required years of human intuition to iteratively divine.
Regardless of your position on whether the current scaling trajectories are sustainable or ethical, we didn't have a good mechanism to generally apply ML to arbitrary, heterogeneously, and un-schematized data.
Comment by sublinear 1 hour ago
I don't think "AI" is going anywhere. It's here to stay, but it's also massively overhyped and still somehow misunderstood by those who never got a CS education. There are a lot of charlatans still making absurd claims long after it should have ended.
Comment by selcuka 14 hours ago
Really? Why can't we call them pro-life, since their stance favours living organisms?
Comment by Conol_ai 14 hours ago