LLM/AI: also GPUs.
this post was submitted on 28 Aug 2024
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I was thinking that, but figured I'd go for input data instead for the sake of variation.
Can't sell something they can easily steal and get away with it.
I can't wait for the bubble to burst, so we can finally get affordable GPU's again
Affordable GPUs is a thing of the past I'm afraid. Bubble or not I'm afraid they will never come down.
They wont come down. Prices are upwardly sticky. Nvidia and the rest have seen that people will pay those inflated prices, so they have no incentive to lower them
It's been what, 10 years? It wasn't AI that jumped up the prices, before it was crypto, After this it will be something else.
Whenever I played Roller Coaster Tycoon I would jack up the price of umbrellas right before it rained.
Free soda stands. Pay toilets. No exit.
Ah the Hotel Crapifornia
And here I was focusing on making money from the rides like some plebian smoothbrain. Also giving away the maps for free, because my guests always complained about getting lost in my labyrinth of a park with as many rides as I could fit, to the point of basically having four floors/levels in the park.
When there's an umbrella-rush, sell rain.
My friend failed at becoming an actor in LA so he started doing prospective actors’ photo shoots
That's actually pretty clever. Especially considering that he tried that avenue for himself and therefore knows what any hopefuls would need. Any idea how he's doing? Is it portraits only, or does he offer additional stuff such as sample tapes?
I believe he expanded beyond headshots and photo shoots and at one point he was even doing sound production for a rapper’s video. Basically wherever he has opportunity to have his career be providing what those still trying to make it big needed
When investors are pouring money into tech startups with dubious models, start a bank that connects startups with investors.
Ie Mercury Bank making money hand over fist
When a housing crash is imminent, it's the self storage businesses that thrive.
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When in Vegas sell light bulbs.
Also during the crypto craze: Set up an exchange and charge a small commission on transactions
This is identical for online brokers in the stock market. They win based on the number of trades, thus they make as much money in bust as in boom years with people exiting positions.
Just make sure it's tamper proof and that you actually can run it competently. Mtgox started as a place to trade MTG cards, and while I'm sure the platform was fine for that, the stakes were substantially higher when they pivoted to crypto. I'm sure you know the rest of the story.
Delivery services and rideshares. People using them make meager wages, but the companies hosting them get all the benefit of people desperate for work or convenience.
Edit: in a similar vein, OnlyFans
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During/after natural disaster, buy cheap land. Probably works during an economic crash too.
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Protests & Riots happening? Invest in glass companies
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Cloudy & rainy every day? Sell coffee (looking at you PNW)
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War happening? Just sell bombs! (see USA) This one is particular good cause you can always start another war. It's just smart business!
That's all just regular supply and demand. Doesn't fit the saying.
Gold Rush = high demand = invest in (aka buy) shovels
Same thing, no?
No.
Gold rush = a bunch of fools getting hyped up on the latest thing thinking they'll get rich, but almost none of them will.
Selling shovels = not chasing the latest hype, but making money off the fools who chase the latest hype.
I'm not offering an opinion or interpretation of the phrase btw, that's the actual definition.
In the stock market, there are groups called market makers, that actually buy and sell the stock. They are required to buy and sell, but they maintain price neutral positions and collect a margin on each sale.
dont see ice cream trucks in the dead of winter
That's when they should switch to being hot chocolate trucks.
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It's always GPUs. Crypto boom? GPUs. AI boom? GPUs. PC gaming boom? GPUs. GPUs are so difficult to program effectively that we still probably haven't discovered things they're capable of doing yet. The next major breakthrough in tech, whatever it is, will cause a massive explosion in GPU demand.
Definitely all those Udemy / Coursera / Whatever paid courses for "Data Science", "AI" and whatever else is popular recently.
Pretty sure none of you have any idea what this saying means.
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