Don’t trust tech from Silicon Valley. Who censored Americans? Silicon Valley. Who sent free laptops to schools, ruining literacy? Silicon Valley. Who got kids to hate themselves and commit suicide — social media from Silicon Valley. #Tech is not your friend. @VBierschwale
🚨 Big Breaking: Oracle reportedly laid off 64,000 American workers.
Yet we’re constantly told there’s a severe engineer shortage and that more H-1B visas and faster Green Cards are the solution.
If there’s truly a shortage, why are tens of thousands of engineers being laid off?
It would appear Nvidia is literally doing an Enron.
Specifically, it has reinvented the Chewco Maneuver:
Create fake "third parties" to absorb unwanted liabilities, fund with your own capital to prime the pump, then get rubes (retirement funds) to eat the risk.
THE AI SCAM IS COLLAPSING AND THEY'RE PANICKING 🔥
🤬🖥️ Jimmy Dore and Garland Nixon break down how the AI math isn't mathin'.
Data centers are bankrupting their own customers. Here's why:
Cloud AI = Corporate AI. Rent your brain back at 1000x markup. Tokens add up fast — faster than employee salaries. Scale up? The bill eats you alive.
Local AI = Independent AI. A $250 Nvidia card in your closet runs offline storage and private apps cheaper and better. No subscriptions. No surveillance. No scam.
But that doesn't make oligarchs trillions, does it?
Surprise — it's another wealth transfer. Trillions to a handful of companies who can't deliver what they sold us.
THE LIE:
For two years: "AI will slash payroll! Replace workers! Unleash productivity!"
Wall Street ate it up. Stocks pumped. Workers got canned. Execs cashed out.
THE REALITY:
Every. Query. Costs. Money.
Code reviews. "Helpful" suggestions. Background agents.
Multiply across thousands of employees making millions of requests.
The bill looks less like software and more like a ransom note.
THEY DON'T WANT YOU TO KNOW:
Cloud = handing your clients, secrets, and liabilities to a server farm that data-mines and resells everything.
Why would any business want that?
Because they rigged the game. Locked the infrastructure. Same five companies own every exit.
THE DATA CENTERS AREN'T FOR "BETTER AI."
They're for SURVEILLANCE.
Every prompt logged. Every conversation analyzed. You — legible, trackable, replaceable.
THE CRIME OF THE CENTURY:
They spent decades saying labor was "the problem."
Now compute is the problem.
More AI adoption = more tokens burned = bigger bills = harder to justify the layoffs.
That's not disruption. That's a bait-and-switch.
WHO PAYS? WHO PROFITS?
Workers lose jobs. Communities crumble. Investors lose.
The executives who sold this fairy tale? Already cashed out.
We've seen this movie:
🏠 Housing bubble — "Everyone gets rich!"
🌐 Globalization — "Endless prosperity!"
💰 Zero rates — "Permanent growth!"
💣 Neo-liberal order — "Peace through hegemony!"
Now: 🤖 AI — "It'll solve everything!"
Same scam. Different logo.
THE QUESTION THEY CAN'T ANSWER:
If AI is cheaper than humans...
WHY IS EVERY COMPANY PANICKING ABOUT AI COSTS?
Why throttle usage? Why "unlimited" plans getting limits? Why hire "AI efficiency consultants" after firing half the staff?
BECAUSE THE MATH DOESN'T MATH.
THE OFFLINE REBELLION:
While they build billion-dollar surveillance palaces, the real solution sits on a shelf:
$250 machine
Private storage
Your data stays YOURS
No subscription. No surveillance.
Independent computing = independent people.
And independent people are harder to milk.
FINAL THOUGHT:
When your "cost-saving technology" generates bills rivaling the payroll it replaced...
That's not a revolution. That's a warning sign.
The bubble is leaking. The execs are exiting. You're holding the bag.
Again.
@jimmy_dore@GarlandNixon
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This is, of course, an utter lie. They count an immigrant with a 5% stake in a start-up as having done the start-up, despite 95% of the others being American citizens.
This kind of fraud is why fraud investigators had to come up with an "infinity fraud" category for third-world India. There was no upper end of the scale.
There are several interesting things going on here.
(1) The UCs were long known for their high standards, in particular UC Berkeley and UCLA as their flagships: in general, if you hired one of their graduates (especially an in-state student), you were getting a smart and ambitious employee. This contract is now broken. The signal doesn't work anymore.
When the world updates for this fact, things get worse for them: out-of-state students will be less likely to want to pay the tuition, employers will be more skeptical, and they will have a harder time getting the best talent. This is a negative feedback loop.
It's weird that this happened because organizations are usually much more self-preserving. Universities live and die by their reputations. Perhaps they thought that dropping the SAT and (this is the subtext) admitting students quasi-randomly would gain them political brownie points, but to what end? Looking back: what was the point of all this?
(2) The SAT was the final load-bearing beam in this entire system. High school grades used to mean something, but grade inflation has wiped this out. Application essays? A whole industry of ghostwriters and now AI has winnowed the signal to zero. Teacher recommendations? When they matter so disproportionately much, they'll be bought and paid for. (The failure pattern is the same: much like how the universities have sacrificed their long-term credibility for short-term gain, I'd wager that many schools and teachers have done the same.)
Parents used to defer to teachers and schools as experts, but the competitive environment has made parents become forcefully involved -- threatening, cajoling, bribing to get their students ahead. Schools never had the resources to defend themselves against this.
Many people -- especially those below the SAT median -- probably thought that they would be better-off in a world of no tests, that they'd be able to get some relative advantage. Nobody would know they're in the 30th percentile, and maybe they could sneak by and pass for 80th. That may have been so in the short term, but the price is becoming clear now: the whole system is broken. (This is frequently the case when people try to turn fair games into rigged or opaque ones: the people who think they're going to win because of their new advantage tend not to see the whole picture, and will overestimate their expected position in the new world.)
Maybe you were an activist parent and managed to help force the UCs to get rid of standardized testing. And maybe your low-test kid got admitted to Berkeley. And maybe they even graduated with a 4.0. But you can't keep stacking the Ponzi scheme forever, eventually you get the reality test: they can't get a job and now you're stuck holding the bag on the student debt. A pointless waste.
Looks like he's reading a hostage note. He's a skilled actor, he can sound a lot better than this. Plus seriously...if there isn't a "vote for Karen Bass, MF, to be the MF Mayor" then how can we know this isn't AI?