- cross-posted to:
- memes@lemmy.ml
- cross-posted to:
- memes@lemmy.ml
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Two economists are walking in a forest when they come across a pile of bear shit.
The first economist says to the other “I’ll pay you $100 to eat that pile of shit.” The second economist takes the $100 and eats the pile of shit.
They continue walking until they come across a second pile of shit. The second economist turns to the first and says “I’ll pay you $100 to eat that pile of shit.” The first economist takes the $100 and eats a pile of shit.
Walking a little more, the first economist looks at the second and says, “You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. I can’t help but feel like we both just ate shit for nothing.”
“That’s not true”, responded the second economist. “We increased the GDP of the forest by $200!”
I feel like this is basically what happens to half of the GDP generated by the US healthcare system. There’s a shit ton of complex rules around payment, so insurances companies and providers basically jerk around with a shit ton of money while everyone gets fucked.
The punchline ignores the real reason they did it for humourous effect, making it funny but not illustrative.
That’s half of the economy right now. Trillion dollar companies trading bundles of cash between one another.
No cash is being moved.
Wheres that scene from rick and morty with the aliens shoving linkler into each other
Isn’t cycling around kind of what money does though, just generally with a lot more links in the chain?
yeah it’s called “velocity of money” in economics terms. the US currently expects each dollar bill to change hands around 110 times a year.
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The peers are supposed to move different things around, not sell the products in one direction and send the money back to play again.
It should be, but presently it accumulates in the assets/accounts of the 10 worst people you can imagine instead
A portion will end up going to employees
Another portion will end up in the governments pocket
Yeah lol I love the sentiment of this meme but the understanding of, and I don’t even want to call it economics… The understanding of the fundamental nature of scarcity, and human cooperation and collaboration, that this displays…is disappointing.
We could make the same meme about any organized exchange of human energy, even without any money.
"I spend 10 hours harvesting potatoes.
I give my neighbor the potatoes, saving him ten hours of work.
My neighbor uses his extra 10 hours to fix my roof."
This is just like…the literal nature of reality. Energy is transferred between different subsystems within a system, according to how much the subsystem is capable of demanding or receiving energy. This could be funnier if all the companies were owned by one larger company, but even then it wouldn’t be a particularly deep insight. That would be the same sort of thing as a family member gifting you $100 for your birthday and then you gift them $100 for their birthday later in the year. At the very first glance it seems circular and pointless, until you realize that you’re basically temporarily allocating additional resources to someone for them to use for a certain amount of time, and then reallocating them to someone else at a later point when you no longer need that surplus.
It’s actually quite reasonable as a principle. The fact that the particular instantiation of this principle in the case of AI technology may be fruitless and not socially beneficial is NOT an essential flaw of the principle but rather an incidental flaw in the principle’s actualization in this particular case.
Dijkstra will settle this
you never heard of trickle-down economics?
in this case it’s like a bunch of billionares cirlcle-sucking each other dicks, and on occasion when one of them garggles on too much cum that he cannot hold in his mouth, it’d trickle down to his employees as bonus or whatever
How do I insert myself in this triangle?
Checkmate, libtards.
Wow! A magic socket that multiplies 0V to 5x110V (you’re using Volts over there, are you?). Genius! And it’s using AI!
I’ve already sold a thousand of them and I haven’t even made a Kickstarter account yet.
Too sad, there’s no 220V variant supporting serious connectors. I’d take a thousand and MAKE MY OWN ELECTRICITY!!!
The circularity isn’t equal. OpenAI has promised $300B to Oracle (it doesn’t have) in fees/sales of Oracle services. Oracle is buying $100B from Nvidia fees/sales. Nvidia is investing $100B in OpenAI conditionally, but supposedly for OpenAI to pay for separate datacenter GPUs.
So Oracle stock pumped by $300B in value. it will never get the revenue, and the profit could be 0 even if it did. The weak link in the “circle” is definitely OpenAI. ChatGPT is not the best model. Very poor at coding, with MSFT switching to Anthropic. Megacorps cooperating with US military with datacenter approach is a bad idea, and local secure LLM at 10 tokens/second has better value than the mega models. Mega model datacenters are about Skynet as a goal.
trickle down economics
Not quite. It lacks the point where it steals from the ground what will trickle down then.
What is Oracle’s involvement in this?
And why does Nvidia pay back money to OpenAI?
To answer the first question myself:
Oracle is setting up infrastructure for OpenAI, notably via Stargate partnership.
To answer the second. Nvidia today announced the $100,000,000,000 investment in OpenAI. On the face of it because AI is coming and this will secure them a larger chunk of the pie.
In reality, it’s probably a grift so OpenAI can go to other investors and say “look, we’re getting so much money, get on board or miss out” and then buy even more Nvidia product with even more investor money to keep the circle going.
I see. Thanks.
OpenAI is giving money to companies?
Not give, but signed a $300 billion deal to purchase cloud compute power from them, which will be filled with Nvidia cards.
Where’s TikTok in that infinite loop of hell?
The Red Dwarf episode?
