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NOV. 6, 2026 AT 6:30AM ET
Stock Market Today: Dow, S&P 500 and Nasdaq set for mixed start after AI carnage led to worst day for techs since 2020; jobs report on tap: live updates
I’m not saying AI shouldn’t be regulated, but I am saying I think we’re too incompetent to regulate it and will just be giving industry players barriers to entry and monopolies instead of regulating AI.
What I’m reading from that post: “I’m not saying I shouldn’t do it, but I am saying I think I’m too incompetent to do it.”
Artificial superintelligence?
Democrats are their compromise thing.
It isn’t artificial intelligence, and superintelligence is also a misnomer. May as well put the two bulshit names together since people keep calling it intelligence anyway.
One could call it “complex information processing” and “learning models”, but those names aren’t as marketable.
I heard some investors were happy for this to happen as too much money was getting spent on datacenters, so a slowdown could be good for them in the long term, like a breather to pile up some more cash to go at it again
AI is just so big of a thing to ever stop, you might get small bumps here and there but you would need to stop it WORLDWIDE for something like this to work, no country will want to be in a permanent disadvantage by not using AI, and even if AI is “banned” how do you actually enforce it? Such a powerful technology would still be used even after the ban, they would just hide it better
It might seem like that from the US, but AI in the world in general has not been that big of a thing financially speaking.
Sure, everything is full of slop everywhere, but the US spent like 10-15 times as much on it as the world combined.
Everywhere else, it’s just new tech and some slop, not an all or nothing economical bet.
First thing they should do is replace their leadership and get some people who actually know how a computer works. Everything else would follow.
The fact that she called it superintelligence bothers me.
The AIs they created were and are also basically the largest scale of fraud ever perpetrated on the people of the world. They told us it was intelligent. They told us it was super-intelligence. They told us it was conscious. They told us it was learning on their own. They told us it could do anything we ever dreamed of. They told us it would do all our jobs. They told us it was dangerous. They told us it could destroy the world. They told us that our enemies would use it. They told us it would accelerate exponentially. They told us it was the future.
It was all a scam, a disingenuous, dishonest fraud to bilk investors, governments, and ultimately the people of the world out of money that could’ve saved, fed, clothed, housed, healed, protected and supported millions, money that could’ve been used to slow down climate change, money that could’ve been used to deliver justice. Instead used to pile electronics into huge concrete boxes so they can burn fossil fuels for no good reason using loans to cover the losses of actually providing the services just so the illusion of these things being useful can be maintained. The money was just burned, tossed into jet turbines and turned into greenhouse gases and nothing else of value. Instead of helping with climate change, they contributed to it. For nothing. For selfish, myopic, temporary vanity.
We will never get that money back. We should try to claw it back from the crooks and the liars who took it, but I’m not naive, it won’t work. They will not make amends. They won’t be punished, not meaningfully. They are too big to fail. The economic growth must go on, no matter how fictional. The money is gone. And a big chunk of our future with it.
What a waste.
The entire billionaire class (and a large chunk of multi-millionaires) got rich through financialization. That is rent-seeking through fraud. They hacked the economy and gave themselves mass riches without producing anything, and often causing a lot of destruction. We tried to pass laws to stop these shenanigans but then they captured government and repealed them.
In contrast, the gilded-age industrialists actually drilled oil, smelted steel and built cars. But this isn’t at all to say they weren’t nefarious. They were. And JP Morgan was known to be as ruthless as Jeff Bezos or Elon Musk. He even scared Carnegie a bit.
We really need to figure out how to push class consciousness. We need to recognize that our plutocratic class plundered their way to the top. Worse yet, they started of upper class, and just sought riches for sake of greed.
Let’s just go forward on the premise they stole everything and thus all output from them is public domain, majority ownership of the AI companies should belong to everyone and use the money it earns from corps who use it to replace workers to pay everyone a universal basic income instead.
Forcing them to prove they obtained explicit permission for every single word, video, code and image they stole from others.
You may hate AI here. I hate the current IP regime even more. What the quoted means in practice is giving more power to the big publishers. YouTube’s is already bad enough. How easy can you ask permission from them every time you make unofficial art?
I’m not giving up a single copyright (or other IP) protection until AFTER they are stripped from Disney, Amazon, and Google.
If we want to end the IP regime, I can probably cope, even though I depend on it a bit for CC-SA and AGPLv3 distribution. But, first “artificial persons” have to give it up before I or any “natural person” does.
Fair use covers a lot of stuff if you don’t intend to sell it for billions. This is wholesale theft of literally every available pece of data and content, blended up and launched for billions - It’s the most outrageous IP theft possible.
YT’s automated system does not respect fair use.
And that needs to change. By legislation, if need be.
That first before any AI regulations on intellectual property grounds.
Your priorities are absurd.
Youtube is not obliged to host any video, even if the uploader holds the copyright.
Slop oligarchs are obliged to obey copyright as much as anyone.
We can walk gum and chew at the same time.
I get what you’re saying. At the same time, I’m not optimistic. Past experience has shown that IP regulations tend to hurt the ordinary person in favor of major IP owners. Better codify laws that benefit us first.
Just imagine sending them all into bankruptcy so deep they have to sell off 2/3rds of their properties to dozens of smaller firms, OMG IM CLOSE
Can I just say that this is blaming the prosecutor for going after the people that did crimes. She did not pop the bubble. They created the bubble by stealing creatives work and then firing all the creatives. Their enablers were fired, it was going to happen this week.
Well, yes, but the end result of her doing her very necessary job is undeniably an AI stock slump possibly crash. Rather I think we shouldn’t treat it as any sort of negative thing that they collapse in the first place. After all, these firms created negative value. No sympathy for investors in this specifically.
ut the end result of her doing her very necessary job is undeniably an AI stock slump possibly crash.
no no no no… the slump / crash is them building a house of cards on stolen corpus that caused LITERALLY EVERYTHING ELSE to become more expensive.
If you can’t build the new tech without thoroughly destroying the world, it’s probably not fuckin worth it.
Please fuck yes.
That should also happen to every single AI booster or any person that used AI for profit, and even for any person that used it “recreatively”, because they are complicit in all the environmental, economic, human, and animal harm that AI, and the people behind it, have caused.
The retaliation must be relentless and merciless, because that is exactly how those bastards were.
Here’s a transcript:
[email protected]: The tweet that crashed NASDAQ and AI stocks in the US and Asia. Lmao. I say bring on aggressive regulations for this AI bullshit. The first step must be forcing them to prove they obtained explicit permission for every single word, code and image they stole from others. We need to claw back every single penny from Google, Microsoft, OpenAI, Anthropic and the rest who stole data to train their shitty AI. They were so happy so see job losses and acting like brats. Fuck all of them
Congresswoman Yassamin Ansari: Top of the Democratic agenda on day 1 needs to be a pause on advanced AI development, regulation of this out of control industry, and a ban on artificial superintelligence.
I agree with the comment by [email protected].
I really believe that just a tiny bit of sensible regulation will immediately kill most of this AI nonsense.
The regulation doesn’t even need to be written, just enforced
Yeah, pretty much. When LLMs (and GPT architecture) was just “in the lab”, and were honest-to-goodness research, even if done almost entirely within non-governmental organizations, scraping the whole Internet for training was defensible (tho, still not entirely consensual) as fair use.
But, the moment the commercialized it in any way, they should have been slapped with a copyright-based injunction against distributing any model, any model output, and against training any further models. The oroborus of investment that inflated the markets never would have happened.
Failing that once the cyclic investments were revealed, dozens of fraud and conspiracy to commit fraud cases should be been opened.
If somehow you accept their unreasonable copyright use and unreasonable accounting, they still have civil and possibly criminal liability for the text generated by their products when used directly. When their products are licensed and used by other companies and deployed as mandatory parts of sale and support flows, then either they or the company deploying them (or both) as also liable for the output of those products.
I think underlying the technologies might very well be useful and ethical in the future, but the industry as it exists today is criminal and corrupt from the human rights abuses doing training and throughout.
The thing is, your first part isn’t accurate either. The use does not have to be commercial for copyright to be enforced.
If I make 100 photocopy versions of a popular book and give them away on the street, it’s still copyright infringement even if I am losing a ton of money on the photo copies.
This is part of why piracy is still illegal. It’s free but it’s still copyright infringement.
Cory Doctrow has a much more articulate argument than me and I encourage you to read it.
But, no. Training is almost certainly fair use. It’s basically just consuming and doing statistics, the same actions are done everyday both locally and remotely for all kinds of services from search and beyond. While they were “in the lab” the outputs were not widely distributed and what distribution did occur didn’t impact any commercialization of any of the inputs.
Damn straight!
