Investors wipe $2.5T off Nasdaq as blue tsunami prompts AI fears | Hacker News Reader

Investors wipe $2.5T off Nasdaq as blue tsunami prompts AI fears

reuters.com

45 pointslilerjee12 comments

Discussion (118 points, 110 comments) https://news.ycombinator.com/item?id=50384822

Or Nasdaq plummets 4% into correction territory (195 points, 161 comments) https://news.ycombinator.com/item?id=50381623

Wow. Several front page articles about the Tech bloodbath on Hacker News today.

I guess this one is hitting us in the wallet.

The stock market moves inversely to a lot of good things like lower inflation. It’s not a bad thing for the stock market to fall. It just indicates that there’s a change in market dynamics nothing more.

There’s no wall street conspiracy to crash the market since dems are in charge nor is there much to read here.

I find it hard to believe that dems are the Luddite anti-tech party now.

Anti data center isn't quite Luddite - it's AI-skeptic meets NIMBY. And it's not just democrats, it's independents and republicans who crossed over because they didn't feel their concerns were being heard.

Maybe this helps explaining.

> The rapid development of digital technologies, including applications of artificial intelligence (AI), is having a significant impact on the social, economic, and political life. From the way individuals communicate and form relationships to the methods by which political discourse and economic transactions occur, digital technologies increasingly mediate our lives and societies. But while presented as milestones in innovation and progress, these technological transformations have also raised concerns about democracy (Nemitz 2018; Kreps and Kriner 2023; Jungherr 2023; Coeckelbergh 2024) and seem to introduce and support mechanisms of control, forms of organization, and ideological patterns that bear striking resemblances to historical fascist phenomena.

https://link.springer.com/article/10.1007/s00146-026-02862-9

> dems are the Luddite anti-tech party now

Really? Why can't we call them pro-life, since their stance favours living organisms?

I don't like pork chops, does that mean I'm anti-food?

Is this really the quality of comment you want to have put out there?

The democrats are just picking up on popular American sentiment. Nobody likes the data centers; the technology just isn't useful enough to offset the environmental effects.

It’s ridiculous. There’s a thread on Reddit with the highest voted comment saying slowing AI down is the point of restricting data centers. It’s so dumb and short sighted as if if we don’t do this research progress is going to stop.

AI doesn't really count as a "tech" topic like we've ever seen before.

Transformers are not a particularly significant academic breakthrough in computer science or engineering, but they are an application of what we used to broadly call "big data". The research had a much smaller impact on the result than the sheer scale at which we started to throw hardware at it and the very permissive situation we found ourselves in regarding the data that feeds it.

None of this really works without the massive amounts of data and hardware. It's enough to make you wonder how many times similar thoughts had been floated before we accepted some variant of the "transformer" idea.

As a consequence, AI is more like 50% political, 30% sales pitch, and 20% "tech".

> It's enough to make you wonder how many times similar thoughts had been floated before we accepted some variant of the "transformer" idea.

It's hugely annoying when people downplay ideas that required years of human intuition to iteratively divine.

Regardless of your position on whether the current scaling trajectories are sustainable or ethical, we didn't have a good mechanism to generally apply ML to arbitrary, heterogeneously, and un-schematized data.

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