US Tech Bubble go Pop!

sufi

sufi

lala
Just read a tripadvisor review of a hostel i frequented in early 90s NBO - they still say "it's been open over 20 years", just the same as what they used to say back then...
1734619850915.png
I wandered into The Revolution Hostel, thinking to get some lowdown advice from travellers, & there was still some sort of a vibe, europeans loafing about with their shirts off, totally insensitive to locals,
but i guess that sort of networking is unnecessary these days of instant reviews and online booking and so on

at the same time, trying to work out yr trip based on info on the interwebs is just about as uncertain and scrappy as using the dogeared lonely planet books used to be - on or off the beaten track depending if youre following the same guidance as all the rest of them
 
sufi

sufi

lala
sufi said:
Just read a tripadvisor review of a hostel i frequented in early 90s NBO - they still say "it's been open over 20 years", just the same as what they used to say back then...
View attachment 21013
I wandered into The Revolution Hostel, thinking to get some lowdown advice from travellers, & there was still some sort of a vibe, europeans loafing about with their shirts off, totally insensitive to locals,
but i guess that sort of networking is unnecessary these days of instant reviews and online booking and so on

at the same time, trying to work out yr trip based on info on the interwebs is just about as uncertain and scrappy as using the dogeared lonely planet books used to be - on or off the beaten track depending if youre following the same guidance as all the rest of them
Click to expand...

and so it goes
 
luka

luka

Well-known member
luka said:
I think it's more likely that Europe slips ever deeper into genteel poverty from having zero tech companies
Click to expand...
Up and down the Promenade, the Alpine resort’s main street, US tech might was everywhere to see.

Meta was demonstrating its Ray-Ban-designed smart glasses; Google showed off its new AI-powered personal assistant, Project Astra; Uber demonstrated its delivery robots. But it was hard to find a European company generating a buzz – aside from Zurich insurance, which was liberally distributing free bobble hats.

Draghi’s report underlined that disparity: the EU has not created a single €100bn company from scratch in the past 50 years, while the US has built six worth more than €1tn in that period.
 
version

version

Well-known member
If the EU were to create something that even looked like reaching that sort of value, wouldn't the Americans just buy it anyway?
 
shakahislop

shakahislop

Well-known member
america is the depths of hell obviously, no fucking way would any european accept the things that go on here, but it really works for generating money, profit, wealth. i haven't seen much writing about america as capitalism recently but its still true
 
shakahislop

shakahislop

Well-known member
americas a monster its tentacles are everywhere, it's always reaching out across the world. the tech that we've got has an american flavour, it's easy to forget. especially the apps. it's america reaching out. if the apps were all swedish or french or italian they would be set up differently. different brains on the job.
 
shakahislop

shakahislop

Well-known member
europe felt like the center of the world to me when i lived there. maybe it was a bit more central ten years ago as well. from an american perspective though it looks so small and insignificant. not a major player. a middling player. a different tier to the real monsters. neutral, civilised and nothingy. nice people having a nice life while the important action is elsewhere
 
shakahislop

shakahislop

Well-known member
western europe as a whole is still the best corner of the entire planet though. it is unbelievable. its like a fairy tale compared to the places most people live. liberal, beautiful, wealthy, traditional, polite, at a nice temperature
 
yyaldrin

yyaldrin

in je ogen waait de wind
i'm trying to read up on this deepseek thing. apparantly they found a way to the the same thing that the other ai companies do but with only a fraction of the money and energy that is needed. but they shared their method with the world, it's open source. so doesn't that mean once the other companies implement the same method, the companies with the most computational power will still be the most valued companies?
 
W

wg-

°
Not sure it's that simple. OpenAI hasn't made a profit yet- is nowhere close- and is heavily leveraged on "donations"/government funding, but I guess the larger idea is that they are able to integrate directly into business and ultimately create a monopoly model, or make the ChatGPT brand ubiquitous and thus suffocate opposition

If deepseek, for example, is able to make much cheaper inroads or idealistically open-source their way into the avenues that OpenAI are trying to pursue outside of military capital, then realistically the value to the consumer is far less, no?

Plus I guess the Chinese engineering here is proving that the capability of their tech workforce far outweighs the bloated venture capital model. Ultimately global market outside of Europe and US will be far more likely to take a punt on Chinese tech these days

I think it's quite a black eye for the Yanks really
 
Mr. Tea

Mr. Tea

Let's Talk About Ceps
shakahislop said:
americas a monster its tentacles are everywhere, it's always reaching out across the world. the tech that we've got has an american flavour, it's easy to forget. especially the apps. it's america reaching out. if the apps were all swedish or french or italian they would be set up differently. different brains on the job.
Click to expand...
Yeah, they'd be more garlicky for one thing.
 
Mr. Tea

Mr. Tea

Let's Talk About Ceps
wg- said:
Plus I guess the Chinese engineering here is proving that the capability of their tech workforce far outweighs the bloated venture capital model. Ultimately global market outside of Europe and US will be far more likely to take a punt on Chinese tech these days
Click to expand...
Well you say that, but China has two big advantages. One is a culture of academic excellence at all costs (and a teenage suicide rate to prove it), and the other is the fact that, for all the great strides their economy has made in the last few decades, it's still a developing country in the scheme of things, and salaries are set accordingly, so you can hire an absolute genius programmer in China on what is locally very good money, but which in the US would probably buy you a total numpty who can more or less use Excel.
 
version

version

Well-known member
Mr. Tea said:
Well you say that, but China has two big advantages. One is a culture of academic excellence at all costs (and a teenage suicide rate to prove it), and the other is the fact that, for all the great strides their economy has made in the last few decades, it's still a developing country in the scheme of things, and salaries are set accordingly, so you can hire an absolute genius programmer in China on what is locally very good money, but which in the US would probably buy you a total numpty who can more or less use Excel.
Click to expand...

They've a third advantage in the relative political stability that comes with their system of government.
 
yyaldrin

yyaldrin

in je ogen waait de wind
Mr. Tea said:
Well you say that, but China has two big advantages. One is a culture of academic excellence at all costs (and a teenage suicide rate to prove it), and the other is the fact that, for all the great strides their economy has made in the last few decades, it's still a developing country in the scheme of things, and salaries are set accordingly, so you can hire an absolute genius programmer in China on what is locally very good money, but which in the US would probably buy you a total numpty who can more or less use Excel.
Click to expand...
but that goes for europe aswell don't it? that's what shaka says that salaries in usa are unparalleled.
 
You must log in or register to reply here.
Top