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[-] Philosoraptor@hexbear.net 67 points 2 days ago

"Every great venture capitalist in the last 70 years has missed most of the great companies of his generation... if it was a science, you could eventually dial it in and have somebody who gets 8 out of 10 [right]," the investor reasoned. "There's an intangibility to it, there's a taste aspect, the human relationship aspect, the psychology — by the way a lot of it is psychological analysis," he added.

Venture capitalism: famously the only human activity in history that involves human relationships, psychology, or aesthetic taste.

wall

[-] Cimbazarov@hexbear.net 40 points 2 days ago* (last edited 2 days ago)

Is he saying all there is to VC'ing is picking the right startup to back? What the fuck is "work" then. Vibe checking the startup founder? He's right then, it's not going to be replaced with AI because its a useless fucking job. God, these people belong in the gulag

[-] Philosoraptor@hexbear.net 26 points 2 days ago

Well you also have to give dumbfuck interviews about things you fundamentally misunderstand and (apparently) participate in dozens of fascist group chats at once. Truly the pinnacle of human behavior and development.

[-] DefinitelyNotAPhone@hexbear.net 11 points 2 days ago

When your job is just "I/my friends have a lot of money to gamble," it turns out there's not much to it.

[-] huf@hexbear.net 29 points 2 days ago

gambler telling you they have a system maaaaaaan

[-] Philosoraptor@hexbear.net 15 points 2 days ago

I'd bet real money that if you gave ChatGPT $5 billion and had it """invest""" it would do as well or better than most of these idiots. Poster children for "born on third base and think they hit a triple."

[-] TreadOnMe@hexbear.net 16 points 2 days ago

Not to tout YouTubers, but Micheal Reeves literally had a goldfish do his trading and it made him more money than the average hedgefund manager.

[-] UmbraVivi@hexbear.net 46 points 2 days ago

VCs are so absurdly dumb, it's mind-boggling. Absolute toddler brains that will be amazed by the slightest bit of flattery combined with jingling car keys in front of their idiotic faces. If every single VC dropped dead tomorrow, it would literally just be a net positive for the world, which is not something you can say about many jobs.

[-] nothx@hexbear.net 36 points 2 days ago
[-] Dessa@hexbear.net 18 points 2 days ago* (last edited 2 days ago)

contextThe egg card in Balatro gains 3 dollars of value per round, which you can redeem by selling the card. This card has the eternal tag which means it cannot be sold, and the rental tag, which means it costs 3 dollars per round just to have in your hand. In effect, this card earns money that you can't access while charging you money for the privilege of doing so, and also prvents you from doing something more productive with the joker slot. -- It's effectively a parasite

[-] LeninsBeard@hexbear.net 9 points 2 days ago

Yeah but if you get the ceremonial knife you can get rid of it and it becomes useful... wait we might be onto something here

[-] Acute_Engles@hexbear.net 3 points 1 day ago

Knife doesn't eat eternal jokers unfortunately

[-] Acute_Engles@hexbear.net 5 points 2 days ago

Pirate joker tho

[-] Acute_Engles@hexbear.net 31 points 2 days ago

Hey AI plumber, the AI drywallers covered your domestic water before you tested it. What do you AI do about?

[-] john_brown@hexbear.net 21 points 2 days ago

pulling my phone out to tell grok to roto-root my toilet again

[-] Philosoraptor@hexbear.net 12 points 2 days ago

Tesla's humanoid robo plumber shows up, walks directly into a wall, and catches on fire. The clogged pipe is no longer a problem because your house burned down. melon-musk reports it as a success in his statistics.

[-] Dessa@hexbear.net 14 points 2 days ago

The robot turns off autopilot moments before the accident, allowing it to claim it technically wasn't responsible.

Who's gonna buy your shit?

[-] Dessa@hexbear.net 15 points 2 days ago* (last edited 2 days ago)

The invisible hand

[-] Bakzik@hexbear.net 12 points 2 days ago

The contradictions are sharpening sicko-hexbear

[-] Lamprey@hexbear.net 12 points 2 days ago

Tech companies don't even sell products, it's all speculative value

Yeah but that value COMES from somewhere. You speculate on the prospect of people BUYING something at SOME POINT.

[-] Lamprey@hexbear.net 2 points 6 hours ago

Fair fair, but it is more removed from that reality than companies in the past is my point there

[-] Hohsia@hexbear.net 20 points 2 days ago

The only reason these people are allowed to speak freely is because there is no luigi-dance

[-] onwardknave@hexbear.net 14 points 2 days ago

I'm conflicted... such a punchable face... but what if it bursts on impact?

[-] Damarcusart@hexbear.net 4 points 1 day ago

Wear gloves

least stupid venture capitalist

I can automate his job with a 100 line Python script

[-] Frogmanfromlake@hexbear.net 23 points 2 days ago

Aren’t white collar jobs the most likely to be replaced?

[-] blame@hexbear.net 27 points 2 days ago* (last edited 2 days ago)

If factories existed anymore it would be factory jobs. White collar jobs will be replaced in the same way they're always replaced which is that computers get a little better and as a result you don't need to hire the same number of people per unit of work. Or you can hire the same people and have more work.

[-] queermunist@lemmy.ml 24 points 2 days ago

I work in a factory.

The material handling drone-scooter things they have to replace the forklift operators keep running into shit lol

[-] TommyBeans@hexbear.net 15 points 2 days ago

The warehouse I work at hasn’t started using robot labor to replace humans on the floor yet thanks to the Unions, but they switched 4PL providers to one that uses some robot thing for load planning and it’s been a nightmare.

[-] miz@hexbear.net 13 points 2 days ago

you gotta find out who's pooping on the factory floor

[-] GrouchyGrouse@hexbear.net 14 points 2 days ago

Sold my soul to the company store

That's why I poop on the factory floor

[-] TreadOnMe@hexbear.net 5 points 2 days ago* (last edited 2 days ago)

Factories do exist. We still make a lot of shit, we just don't make a lot of shit that other people want to (or can afford to) buy from us.

With the current LLM or LIM stuff? Unlikely.

LIMs are only used for high quantity quality assurance in factories rn. Mixing the stuff with automation in a way that will actually impact the factory floor is likely a decade off or more, at least in the U.S. Idk how LLMs will ever be able to get into the mix, given how specialized most factory processes actually are. Hell we can't even get CAM programs to automate themselves properly without correction and that shit has been in the work since CAD software was designed.

Most firms that are turning towards automation are not looking to remove workers (if they are competent) just up production quality and quantity and not have to raise wages by lowering basic manual vocational expertise. They are trying to make factory jobs, which had become more specialized with deindustrialization, into more general entry level jobs like the service industry again, where you can more easily plug and play less skilled workers rather than having to have a skilled operator, machinist, welder, etc on a machine for efficiency. Of course, all of this will also require semi-competent manufacturing engineers, which is a very slowly growing field in the U.S, despite being one of the O.G. engineering fields, so it will add white collar jobs.

[-] tane2@lemm.ee 5 points 1 day ago

All I’ll say in response to this is that Marc seems like the most easily reachable of these billionaires that absolutely need to be removed from this world

[-] Parsani@hexbear.net 14 points 2 days ago

All VC know is write bad manifesto, eat computer chip, and lie

[-] sweatersocialist@hexbear.net 12 points 2 days ago

we shouldnt replace venture capitalists with AI. we should re-place them into prisons

[-] BeanBoy@hexbear.net 18 points 2 days ago

Calling it “the AIs”

[-] ElChapoDeChapo@hexbear.net 11 points 2 days ago

So what he's saying is that all that's needed to stop this AI bullshit is illegal-to-say

yamagami luigi-dance

[-] miz@hexbear.net 12 points 2 days ago
[-] Bloobish@hexbear.net 10 points 2 days ago

...Who's gonna buy your stupid shit Marc?

[-] AstroStelar@hexbear.net 9 points 2 days ago* (last edited 2 days ago)

I've been curious about the background of Futurism, I've been pleasantly surprised by the snarkiness their articles often exhibit.

[-] WeedReference420@hexbear.net 6 points 2 days ago
[-] SevenSkalls@hexbear.net 6 points 2 days ago

Isn't this the same guy who created the secret Signal chats for rich tech and media people recently?

this post was submitted on 03 May 2025
149 points (100.0% liked)

chapotraphouse

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