• Blackmist@feddit.uk
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    3 hours ago

    I for one look forward to the humorous Adam McKay movie explaining how we all lost all our pensions over this.

  • CAPSLOCKED@lemmy.world
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    6 hours ago

    anyone notice their search engine enshittify with dates? an advance search let you search between points in time, like between 2010 and 2012 specifically. you can’t do that anymore. other search parameters are gone. along with renaming lake ontario it’s the equivalent of history book burning.

    • tal@lemmy.today
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      5 hours ago

      Do a search, and in the results page, click on the “Tools” dropdown, go to “Any time”, and then “Custom range…”.

    • GreenKnight23@lemmy.world
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      6 hours ago

      they did away with that around the same time they removed it from YouTube. probably because they knew people weren’t going to read/watch AI generated bullshit.

      jokes on them, I still found ways to search YouTube between dates.

  • plenipotentprotogod@lemmy.world
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    7 hours ago

    I know the article is about google, but the bit about caterpillar is insane.

    The bleeding even spread beyond the tech sector, as shares of the construction equipment giant Caterpillar — a key supplier of the machines required to build data centers — plunged 9.2% on Thursday. Caterpillar’s recent earnings report revealed that its revenue beat Wall Street expectations but by less than many traders had hoped.

    So, their earnings beat expectations, but they didn’t beat the expectations for how much they’d beat expectations, so the share price went down.

    What is even going on at this point?

    • TankovayaDiviziya@lemmy.world
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      1 hour ago

      So, their earnings beat expectations, but they didn’t beat the expectations for how much they’d beat expectations, so the share price went down.

      That’s why I always say that big shot, institutional investors are a bunch of cunts. They always think in short term. That’s why I am in favour of half year earnings report so that there is less pressure for companies to think in three months time.

    • Annoyed_🦀 @lemmy.zip
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      6 hours ago

      Welcome to stock market, where the stock price is based on expectation instead of how well the company actually doing. There could be profit but if the profit is slightly less than last quarter, the day traders all gonna throw their baby tantrum.

      • MimicJar@lemmy.world
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        6 hours ago

        Not to mention as much as this stock fall is “a big deal” it’s just fallen to where it was back in March. And of course that March fall was also a singular moment, because before that were just back to October 2025.

        So sure, they’ve lost a year of stock growth, and in a world of “line must go up” falling back a year of stock growth isn’t nothing… But it’s also far from the end of the world.

        Which is all to say, Google’s fine in the long run. Day traders don’t look at the long run, so for the moment “panic”, but ultimately it’ll pass.

    • Pyr@lemmy.ca
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      6 hours ago

      Yet Tesla can do absolutely fucking nothing and then do a Nazi salute and shares go up 50%

    • Ms. ArmoredThirteen@lemmy.zip
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      6 hours ago

      Company I worked at a couple years back not only beat their projected earnings, but made record profits highest quarter ever. Stock prices dropped by a third

    • kippininreal@lemmy.zip
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      7 hours ago

      They are making less off of AI overviews than traditional ads, but their AI buildout costs are increasing, which is ass backwards. I don’t know if it was in their report but they also supposedly don’t have a strategy for making their customers pay for AI use.

    • Captainvaqina@sh.itjust.works
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      7 hours ago

      Mass manipulation. I wish I were smart enough and had enough to bribe the right people to be in on the looting.

    • sunbeam60@feddit.uk
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      2 hours ago

      It clearly is a bubble. But that doesn’t automatically mean AI is useless. The .com bubble was the biggest of them all, but lots of companies survived and business largely moved online. The data centres (which nobody likes but which is clearly providing some value to somebody, whether we like it or not) don’t disappear overnight if the bubble bursts.

      • godsammitdam@lemmy.zip
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        34 minutes ago

        Never said it wasn’t lol. But the way that narcissitic capitalists are rewarded by capitalism is why the implementation is the issue.

        The only value being provided are to the billionaires who continue to get more wealthy to a point in which they literally control politics without being elected.

        And just like the 08 recession they’re going to try their damndest for the only form of socialism they support: corporate socialism. Privatize the gains, and in this case, socialize the losses. They’re going to seek bailouts so that when their circular financing crumbles they drift down on golden parachutes while our tax dollars fund them, the burning of our atmosphere, the contamination of our air, our drinking water, and our very minds as their sycophancy psychosis machines run rampant and delude people into entirely false realities.

        Motherfuckers socialized their own sycophancy, they insulated themselves with greedy yes men who just want their money. They then built machines that do the same to us, isolating us and agreeing with every idea we have.

      • jabjoe@feddit.uk
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        1 hour ago

        The AI bubble is bigger than the dotcom bubble. It’s bigger than the subprime bubble. We are still living in the wreckage of that bubble, 18 years later.

  • Avid Amoeba@lemmy.ca
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    8 hours ago

    Shares of Google parent company Alphabet sank Thursday by 12.6%

    Okay, unlike most drummed up bullshit articles that make big noise over minor fluctuations, this ain’t nothing.

    Anyone know what happened?

    • arrow74@lemmy.zip
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      50 minutes ago

      A 12% fluctuation is considered a pretty big deal for a company of this size. Usually the large companies are considered way more stable.

      If it were a medium sized company no one would talk about this fluctuation outside of investing circles

    • kippininreal@lemmy.zip
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      7 hours ago

      They revealed that they make less money on the AI Overview than traditional ads. Also they, supposedly, have no strategy to monetize AI use from their customers.

  • schipelblorp@sh.itjust.works
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    12 hours ago

    But all that AI is coming at a massive cost to Alphabet, which disclosed that it has committed to more than $1 trillion worth of multiyear spending agreements to fund the infrastructure, energy and leases required to run AI systems.

    This is the problem right here: lack of faith. Google should announce $3 trillion in new AI commitments. Stock market are just a bunch of pussies that can’t clap hard enough for Tinker Bell to live.

    • Guy Dudeman@lemmy.world
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      8 hours ago

      Did you see the part where their revenue was down because fewer ads were being served because people are using their stupid AI summaries instead of searches? God, these people are short-sighted.

      • Valmond@lemmy.dbzer0.com
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        2 hours ago

        You talk about those people who had a close to a search monopoly, and to make the line go up, degraded results so people would spend more time searching (and thus being exposed to ads)?