It’s not only “more”. The company I work for had “record profits, far and beyond anything we were expecting” in 2021. In 2022, we were told that the company made more than in 2021, but didn’t meet the earnings projections. That’s still record profits, but phrased like a loss.
Not only must the line go up, but it has to go up faster than it did before. Nothing less than exponential growth.
It’s supposed to be growth related to the things which didn’t progress, so to say. So it’s not literally supposed to be growth of processes, just that stagnation makes things diminish in value, and compared to them things more alive “grow”. Something like that.
Kinda like inflation. And that’s fine, that can describe a pretty sustainable society, it’s not about consuming more and more, it’s like rotation.
Except with today’s oligopolies there’s a different idea, that they really have to grow as in capturing more and more of humanity’s resources. The AI bubble (or not) is their most recent approach to that.
That’s because expectations were shaped by the 90s when many things exploded (unfortunately much of that were countries, also landmines and other expendable means of destruction).
In the 00s it was possible to create illusion of that explosion still going on brighter and brighter, despite just continuing what started in the 90s, and then to create a few large-scale scams (or madness pandemics, or tech fashions, whatever ; point is they weren’t the same as years 1993-1999) with iPhones, new Apple in general, Google, Facebook, Twitter.
I’m not saying it was fake or worthless, it was a revolution too, but not what companies try to show since the dotcom bubble.
So - they are still trying to show that, with kinda rough, generic, and insincere effort, a bit like sex workers in their makeup.
And they can’t show that without such expansion in width, not in height.
I’ll assume that is a rhetorical question? I mean, it’s obvious why Tesla has been going off a cliff and continues doing so
It was 10x overbloated at the least, it’s CEO is publicly a nazi, most claims that Tesla can do were all lies for over a decade now, the only new design it came up with is the cyber truck garbage container, the quality of all the cars is shit (even though they’re overpriced) with the cybershit being literally more explosive than a Ford Pinto, and now there are way WAY cheaper options competing with Tesla. Then add to that that Tesla just decided to give the CEO 26 some billion dollars because that is apparently okay to do during a shitshow like this
Anyone still investing in Tesla gets what they deserve, you’re an idiot if you do
Mmhmm compare that with the sales numbers, then compare against any company in history which has had a similar sales pattern for a publicly traded company.
the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.
There’s no such thing. There COULD be something like shareholders voting on smthing and those votes are binding, but the agenda is declared by the company and can be only shiet like dividends rate, certain acquisitions, etc. Not the company strategy itself.
Ah so it’s the classic “but my hands are forced to do the machine’s bidding” then goes on to do the thing they really wanted to do while their hollow appeal to authority is still echoing.
I believe it’s one of the things corpos love about AI so much - it can be used as a stochastic authority to excuse their behaviour. And if they don’t like what it extrudes? Well they can just shake up the inputs and run it again, until they get what they want.
Publicly traded companies have to continually make more money than they did last month, last quarter, same time last year.
Failing to do so means they are somehow “losing” money that is “rightfully owed” to them and the stock market punishes them.
It doesn’t matter if you’re profitable or not, so long as you’re continually making more money.
It’s not only “more”. The company I work for had “record profits, far and beyond anything we were expecting” in 2021. In 2022, we were told that the company made more than in 2021, but didn’t meet the earnings projections. That’s still record profits, but phrased like a loss.
Not only must the line go up, but it has to go up faster than it did before. Nothing less than exponential growth.
It’s supposed to be growth related to the things which didn’t progress, so to say. So it’s not literally supposed to be growth of processes, just that stagnation makes things diminish in value, and compared to them things more alive “grow”. Something like that.
Kinda like inflation. And that’s fine, that can describe a pretty sustainable society, it’s not about consuming more and more, it’s like rotation.
Except with today’s oligopolies there’s a different idea, that they really have to grow as in capturing more and more of humanity’s resources. The AI bubble (or not) is their most recent approach to that.
That’s because expectations were shaped by the 90s when many things exploded (unfortunately much of that were countries, also landmines and other expendable means of destruction).
In the 00s it was possible to create illusion of that explosion still going on brighter and brighter, despite just continuing what started in the 90s, and then to create a few large-scale scams (or madness pandemics, or tech fashions, whatever ; point is they weren’t the same as years 1993-1999) with iPhones, new Apple in general, Google, Facebook, Twitter.
I’m not saying it was fake or worthless, it was a revolution too, but not what companies try to show since the dotcom bubble.
So - they are still trying to show that, with kinda rough, generic, and insincere effort, a bit like sex workers in their makeup.
And they can’t show that without such expansion in width, not in height.
Yeah, except for Tesla, how the fuck man.
I’ll assume that is a rhetorical question? I mean, it’s obvious why Tesla has been going off a cliff and continues doing so
It was 10x overbloated at the least, it’s CEO is publicly a nazi, most claims that Tesla can do were all lies for over a decade now, the only new design it came up with is the cyber truck garbage container, the quality of all the cars is shit (even though they’re overpriced) with the cybershit being literally more explosive than a Ford Pinto, and now there are way WAY cheaper options competing with Tesla. Then add to that that Tesla just decided to give the CEO 26 some billion dollars because that is apparently okay to do during a shitshow like this
Anyone still investing in Tesla gets what they deserve, you’re an idiot if you do
Mmhmm compare that with the sales numbers, then compare against any company in history which has had a similar sales pattern for a publicly traded company.
It goes a layer further than that even. If the rate at which that growth is happening isn’t itself growing then investors start getting nervous.
They actually have a legal obligation to maximize profits. It’s insane.
Technically they don’t - it’s a lie told often by CEO. But its a lie. https://law.stanford.edu/wp-content/uploads/2023/01/Fiduciary-Duties-of-the-Board-of-Directors.pdf
the way i understand it, the company has an obligation to fulfill “shareholder’s requests”, which is maximizing profits in 99% of cases, at least on publicly traded companies.
Same document, section about Shareholders.
There’s no such thing. There COULD be something like shareholders voting on smthing and those votes are binding, but the agenda is declared by the company and can be only shiet like dividends rate, certain acquisitions, etc. Not the company strategy itself.
Ah so it’s the classic “but my hands are forced to do the machine’s bidding” then goes on to do the thing they really wanted to do while their hollow appeal to authority is still echoing.
I believe it’s one of the things corpos love about AI so much - it can be used as a stochastic authority to excuse their behaviour. And if they don’t like what it extrudes? Well they can just shake up the inputs and run it again, until they get what they want.