Google I/O showed how the industry has seized upon LLMs as the "future" of software. But that couldn't be further from the truth! It is an intensification of the old way. The same features as before, only MORE and FASTER.

It's the same mediocre vision execs have had for 40 years: give customers more tasks to do on your platform, sell them tools to solve the problems you created.

But the conditions that made this business model possible are collapsing.

productpicnic.beehiiv.com/p/ai…

#AI #LLM #tech

Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.

Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.

They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.

Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.

They’ve figured out how to steal your #retirement.

#AI #LLM #Scam #guillotines #YouWillOwnNothing

businessinsider.com/spacex-ipo…

Google CEO tries to tell University students to love AI. They tell him to BOO off.

It is good to see kids are saying no and fighting back. Do you know why? Because the future of bots, AI and robots doesn't offer any jobs to these young kids. They know greedy AI companies want to get rid of working class. It is simple as that.

For those who wish to read instead of the clip. See BBC page: bbc.com/news/articles/ce8pqd54…

#ai #llm