Trump highlights partnership investing $500 billion in AI Infrastructure--OpenAI, Oracle, Softbank

[JLova]

The 2016 pledge of $50 billion investment and the creation of 50,000 jobs from SoftBank never fully materialized. Their 2020 pledge of $100 billion and the creation of 100,000 jobs didn't, either. I'm sure they're going to get richer, though.

They make up a number just to get the public off their asses.

 

[Texkmot2446]

The 2016 pledge of $50 billion investment and the creation of 50,000 jobs from SoftBank never fully materialized. Their 2020 pledge of $100 billion and the creation of 100,000 jobs didn't, either. I'm sure they're going to get richer, though.

They are just begging for tax breaks.

 

[chineebai]

Basically don’t mean a goddamn thing. Look at his executive orders and what’s actually done, not this talk bullshyt.

 

[Sir Richard Spirit]

china might be the only government that understands if they don't own AI and AGI then their government will get overtaken.

 

[cyndaquil]

Reminder for tech folks: stay sharp with the skills.

Remember what Jensen Huang said recently: a software engineer who knows how to use A.I is a multiplier.

No they'd rather post doom and gloom or pretend it doesn't exist. When in reality it's just another tool to make us more efficient.

 

[tay1]

I think the opposite actually.

People who know their stuff are going to be highly valuable using A.I to bolster and multiply their work.

If one company has one engineer using A.I and another has 10 using A.I the first company falls behind x100 to x1000 to their competitor and that difference adds up everyday.

That’s basically what quant companies found out.

Yeah people who are already in the field will be fine.

The more entry level work will be absorbed by AI. I already know coders and software engineers are panicking.

 

[IIVI]

AOC is streaming right now and she made a great point about the inauguration:

Watch the event again, all the people front and center were not elected officials, they were billionaires and CEO’s: Jeff Bezos, Elon Musk, etc.

Those are the people making laws and you think workers’ rights are going to get incredibly better?

 

[OperationNumbNutts]

This is a lot of money but this isn't new folks. The last few Presidents have done something similar hoping it'll create jobs open new industries.

 

[RickyDiBiase]

AOC is streaming right now and she made a great point about the inauguration:

Watch the event again, all the people front and center were not elected officials, they were billionaires and CEO’s: Jeff Bezos, Elon Musk, etc.

Pretty much the exact same shyt that happened after the fall of the Soviet Union, and even more so when Putin got in office.

 

[Insensitive]

It's not about "playing politics" but understanding that this is a CLASS ISSUE.

Vivek and Musk and Thiel and Zuckerberg and Bezos and sever other tech billionaires have gone
out of their way to spend a great deal of money on manipulating our politicians.


Peter Thiel is THE MOST egregious in that his hard work literally got him a VP.

He's a pretty blatant and open fascist.

There's also Musk who's political affiliations switch with the wind and he also have no fukking
problem openly influencing our politicians through his gargantuan wealth.

People to busy trying to "Own the magats" to ignore that money in our politics is a huge bipartisan
issue and TECH in particular has an outsized influence on our government. The H1B Visa thing is just the tip
of the iceberg but you need to understand that

Peter Theil, Lucky Palmer and Sam Altman are all fukking buddies.

Their goal is to rush to general artificial intelligence.

The belief is that we're already here technologically we simply DO NOT have the power to power a machine that'll
bring us there and get us over the edge.
The bet is that disrupting the flow of chips to China and bolstering domestic manufacturing means we'll
maintain our technological edge:

CHIPS and Science Act - Wikipedia

en.wikipedia.org

https://www.commerce.gov/news/blog/2024/08/two-years-later-funding-chips-and-science-act-creating-quality-jobs-growing-local

They know we're falling behind technologically, China due to being a socialist government is graduating hundreds of thousands
of engineers every fukking year and they're PUTTING THEM WORK on huge government works projects, allowing to enter industry,
spurring the growth of private enterprise etc.


Due to the nature of how our educational system works, we can't match the workforce they're creating.
This is where H1B comes in and the desire to get as many indians and other asians here as fast as humanly possible, including the chinese

Also, our economy isn't doing nearly as well as China's so one way to artifically bolster our economy is to mimic the socialist approach while still
staying capitalist, so they throw out fukking shyt tons of government contracts to private enterprise.

You still get your "Planned economy" but you (supposedly) get the benefits of a "market".

 

[Pull Up the Roots]

AOC is streaming right now and she made a great point about the inauguration:

Watch the event again, all the people front and center were not elected officials, they were billionaires and CEO’s: Jeff Bezos, Elon Musk, etc.

In Trump's America, the Oligarchy Is Done Pretending to Care About You

The world’s richest people are done feigning concern for immigrants, LGBTQ Americans, or democracy — they’re ready to cash in with Donald Trump.

www.rollingstone.com

 

[BlackJesus]

something tells me this will lead to billionaires getting richer while regular people struggle with the price food and gas

It will lead to the 2nd american revolution. With their heads on spikes and food riots

 

[BlackJesus]

I'd rather see that money spent on real infrastructure before "AI infrastructure". Fix these crumbling bridges and roads, update and expand city metro systems, expand the EV charging network, invest in renewable energy, build high speed rail.

No the oligarchs demand it spent on ways to increase their profits. And that’s that.

 

[RickyDiBiase]

It will lead to the 2nd american revolution. With their heads on spikes and food riots

No it won’t

 

[JT-Money]

Sam Altman asked Biden for approval to build data centers that require as much energy as a whole city.


The future is 10 years away.

Gonna take way longer than 10 years. And who's gonna foot the bill for something like Nuclear? The last two Nuclear plants they tried to build was a complete shyt show.