Mastodawn

AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380 😂😂😂

So far AI has done more damage than adding any true value to productivty unless you consider the following as plus points:

* Getting staff fired
* Stealing journalist, book authors, or artists’ work
* Environment impact
* Hallucinations that caused harm and loss of life
* Creating undressing images of minors and woman
* The list list endless and you have to be psychopaths to like this

AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

Imported chips and hardware mean the AI investments are translating into US GDP growth.

Gizmodo

Barry Rowlingson Feb 24

@nixCraft Not a zero on the end, as the Slopsters would want.

lemgandi Feb 24

Ooh, you forgot Fraud! It's SO GREAT for fraud!

@nixCraft They do, in fact, see "getting staff fired" & “stealing ... work" as "plus points" & are worth the harms caused. They are not concerned about growing the economy so much as 'maximizing shareholder value' & the corresponding boost to their bonuses.

MatthewToadAgain Feb 25

@causticmsngo @nixCraft Not even that.

It's a bubble. They're not concerned about maximising long term shareholder value, which in most cases is their actual fiduciary duty (e.g. pension funds own a large proportion of the economy in many countries).

They're only concerned about temporarily boosting share prices. Which is **not** the same thing.

Because when the bubble bursts, they'll time it right and short it on the way down. Or so they hope.

Or, as CEO, they'll have moved on to another job by then.

And they temporarily boost share prices by jumping on the latest bandwagon, propping up the bubble for a while longer before it pops.

Meanwhile, "AI" drives new fossil fueled power stations, steals water as well as intellectual property, along with all the other harms it does.

Plus, fire and rehire as a bonus.

MatthewToadAgain Feb 25

@causticmsngo @nixCraft On the upside, if Goldman Sachs is right, the bubble bursting might not lead to recession and a risk of a full blown financial crisis.

Which would be nice.

Serghei Pogor Feb 24

Goldman saying 0% is generous. Most AI companies are just wrapping APIs and calling it innovation. The actual productivity gains are happening at companies that were already data-driven, not from the AI hype cycle.

scotty86 🇺🇦🕊️Feb 24

@nixCraft Big Tech LLMs maybe. But "AI" is waaaay more than this mainstream hype chatbots.

Bill Zaumen Feb 24

@scotty86 @nixCraft As an example of machine learning being useful, see the following article, which mentions how machine learning has reduced the computational resources needed for some tasks.

https://science.psu.edu/news/machine-learning-takes-starring-role-in-exploring-universe

Machine learning takes starring role in exploring the universe | Eberly College of Science

Penn State astronomers use machine learning to vastly improve astronomical analyses.

scotty86 🇺🇦🕊️Feb 24

@bzdev Astronomy is an excellent example. 👍
There are several others - protein folding, climate modeling, particle physics, medical imaging....

I would welcome it if the media differentiated between "AI" and conventional chatbots. @nixCraft

@scotty86 @bzdev @nixCraft These are immediately understandable, yes. But do they also get hyperscaled, too big to fail investments with tens of millions of envisioned users, such as LLMs?
I think it may be difficult to draw an accurate line, but it's important.

scotty86 🇺🇦🕊️Feb 26

@herrLorenz @bzdev @nixCraft Yes they already are affecting millions of people and generating money. We just don't realize it. We don't care how medical images are processed. We don't care how vaccines are researched.
This usecases don't need to be too big to fail, because they have a real purpose.

@nixCraft all part of the plan to eradicate the poor. All part of the plan.

Florian Weber Feb 24

@nixCraft And if you don't trust Goldman Sachs, maybe you believe 6000 executives from the US, UK, Germany and Australia a little bit more. From the study:

> "Third, the impact of AI on firm employment and productivity has been small so far. On average, more than 90% of business managers across the four countries estimate no impact of AI on their employment over the past three years. 89% report no impact of AI on their labor productivity over the last three years."

https://fortune.com/2026/02/17/ai-productivity-paradox-ceo-study-robert-solow-information-technology-age/

Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago

“You can see the computer age everywhere but in the productivity statistics," economist and Nobel laureate Robert Solow said in 1987.

Fortune

🐧DaveNull🐧 ☣️pResident Evil☣Feb 24

@fnwbr Of course they wouldn't admit this shit actually had BIG impact on their employment… They used it as an excuse to fire people massively, expecting their profit to skyrocket "because the AI will do their job faster"… Fucking clowns

@fnwbr @nixCraft Although other parts of the article quote analysts being cautiously positive about its impact on productivity in the most recent quarter and the general thrust seems to be that significant productivity gains may be more in the longer rather than shorter term. I’m not a lover of AI, but that is what the Fortune article is saying.

Ian Malcolm Feb 25

@wiletha @fnwbr @nixCraft

Those analysts are just hedging their bets and mostly just parroting the slop-machine companies' PR.

The supposed productivity and economic benefits are always "next year", "in two years" or "in three years" but they've been saying the same thing every year for four or five years now, and it never gets any closer, and never will, because LLM flaws are inherent - more data and compute fixes nothing.

Joeheadycus Feb 24

@nixCraft how is AI simultaneously producing nothing of value and also taking jobs, in your mind? How can it steal (and therefore profit from) artists work while also being incapable of production? Workers and artists have absolutely nothing to worry about because AI doesn’t work, right?

Marianne Feb 24

@Joeheadycus @nixCraft how can it steal? They only exist because of theft. Doesn't mean it produces art. This is not difficult

craignicol Feb 24

@nixCraft isn't it also a big part of the economy? So it's stolen resources from everywhere else, like cancer?

Micdan 💾Feb 24

@nixCraft As a tech enthusiast this is one of the worst technologies ever existed, I literally became an AI atheist so to speak

- Needs to steal data to work
- It consumes a lot of resources
- Fucks up the RAM prices, so you can no longer build a PC even if you don't use AI

And yeah, it may have good uses, like fighting cancer or stuff like that, but it's philosophy and core functionalities still fucking shit. I csm only see negative shit coming out of it so #FuckAI

🐧DaveNull🐧 ☣️pResident Evil☣Feb 24

> And yeah, it may have good uses, like fighting cancer or stuff like that,

Not, no, it doesn't' fight cancers… research do…

What microshit, google, crapbook, altman, musk and all the technofascists sell, are LLMs. LLMs just generate bullshit, thus called "generative AI". It has absolutely nothing to do with field specific machine learning thats might be used in health research

LLMs are only useful for fascists to make disinformation and FUD… Absolutely 0 "good uses"

Benjamin Grant Feb 24

Kevin Russell Feb 24

Shyte

META AI executive demonstrating AI safety, interrupted her demonstration, to beg her AI to not delete, to stop deleting, her actual own emails.

To no avail.

AI6YR Ben Feb 24

@kevinrns @nixCraft Bwahahahaha, didn't see that one.

https://www.fastcompany.com/91497841/meta-superintelligence-lab-ai-safety-alignment-director-lost-control-of-agent-deleted-her-emails

'This should terrify you': Meta Superintelligence safety director lost control of her AI agent—it deleted her emails

OpenClaw nearly wiped out the Meta Superintelligence AI alignment employee's entire inbox, in an incident that social media is calling ironic.

Fast Company

Kevin Russell Feb 24

@ai6yr @nixCraft

https://www.windowscentral.com/artificial-intelligence/meta-summer-yue-director-openclaw-ai-email-deletion

Meta's safety director handed OpenClaw AI agents the keys to her emails

Meta Alignment Director admits OpenClaw AI agents ran wild, deleting emails and forcing her to flee to a Mac mini to defuse the "bomb".

Windows Central

Kevin Russell Feb 24

@ai6yr @nixCraft

Just shyte.

"Google's AI coding assistant deletes user's entire D: drive, and apologies won't bring back the data"

https://www.windowscentral.com/artificial-intelligence/google-antigravity-ai-delete-drive

Google's AI coding helper erroneously erased a user's entire drive

Google's Antigravity is advertised as a "next-generation IDE," but it seems like there are still some bugs to work out.

Windows Central

AI6YR Ben Feb 24

@kevinrns @nixCraft LOL

@ai6yr @kevinrns @nixCraft this is starting to look like Skynet, but not an evil Skynet, just a dumb one, launching nuclear missiles into every country while saying 'Sorry, my bad, I thought this would be fun :)'

Kevin Russell Feb 25

@pedroleitao @ai6yr @nixCraft

Ane so more dangerous, Stupid Skynet in Beerbreath's hands.

António Manuel Dias Feb 25

@ai6yr @kevinrns @nixCraft

As George Carlin would have said, "Results like this do not belong in the resume of a Supreme Inteligence, this is the kind of shit you'd expect from an office temp with a bad attitude."

https://youtu.be/_BFIRgn9OLI?t=165

Religion & There Is No God | George Carlin | You Are All Diseased (1999)

YouTube

AI6YR Ben Feb 25

@ammdias @kevinrns @nixCraft He he

Steve Hersey Feb 26

@kevinrns @nixCraft
As has been pointed out elsewhere, you do NOT beg an AI to do anything. It's a mindless automaton.

You hit reset, pull the plug, or torch the data center's AC supply, but you do NOT negotiate with an overcomplicated spreadsheet.

Best case: You never trust an AI agent to do anything whatever. They're fundamentally unreliable.

Kevin Russell Feb 26

@n1xnx @nixCraft

👍 yep, begged, to no avail.

The "safety" official at Meta provided a truly entertaining education on just such points. If I read correctly she had access to connected servers and shut them down.

As humorous as it was, it taught all three lessons; it's stupid technology, it's not controllable, and shutting off the electricity is probably our best avenue to ending AI, in the short term, and long.

Sassinake! ᑐ ∪ ∩ ⊂Feb 24

I'd even say they drove the US into more debt, and robbed millions of people of their livelihoods and even their savings.

Zło To 🏴‍☠️ ᵗʰʳᵉᵉᶠᶦᵈᵈʸ Feb 24

@nixCraft getting staff fired is desirable from a shareholder's perspective

unless of course the company has to hire the people back

than again, rates might be lower, because, you know, AI-related unemployment, so still a win.

This is of course sarcastic, because in the end, unemployed don't buy your product

[edited a typo]

@nixCraft And they consumed all of the RAM and storage media in a coordinated action to force us into cloud storage and compute.

Nu Modular Feb 25

@nixCraft #BoycottAI

:EA DATA. SF:Feb 25

Enabling massive amounts of authoritarian fascist surveillance with minimal oversight where misidentification is, somehow, a bonus feature because uncertainty, fear, and absolutely no human accountability are extremely desirable by the ruling oligarchs and their pet politicians.

conscientious objector🇨🇭🪂Feb 25

Well. “Psychopaths are usually most present at higher levels of corporate structure, and their actions often cause a ripple effect throughout an organization”.

https://en.wikipedia.org/wiki/Psychopathy_in_the_workplace

😬

@tobi82 @nixCraft and don't forget that chefs are the ones wielding knives.

🐧DaveNull🐧 ☣️pResident Evil☣Feb 26

@tobi82 this sounds like bullshit… Cops are politicians are far more worse than journalists…

I mean real journalists, not reactionary morons paid huge money to give their shitty reactionary moron's opinions in shitty reactionary moronic media…

conscientious objector🇨🇭🪂Feb 26

@devnull @nixCraft

All those journalists writing articles about letting the old and sick die to get back to normal – what about them?

🐧DaveNull🐧 ☣️pResident Evil☣Feb 26

@tobi82 Why the hell do think this have anything to do with journalism?… This isn't journalism, this is shitty opinion…

Journalism is about documenting facts and providince evidences about real problems…

Also, cops actually KILL people on a regilular bases and are fucking proud of it, especielly white cops in white countries targetting non-white people and lefties… Cops and military should be number in this list, even above CEOs…

conscientious objector🇨🇭🪂Feb 26

@devnull @nixCraft

I disagree. Journalists, influencers, book authors and moderators have killed many more people with their opinions than the police or military ever could.

These opinions became facts and policy.

Psychopaths like being in the spotlight, influencing others and don't care about consequences.

🐧DaveNull🐧 ☣️pResident Evil☣Feb 26

@tobi82 You keep confusing stupid science-denial opinions with journalism… There's no ground for debate when you keep ignoring words' meaning to fit your story…

And minimizing all the killings from cops and military given what's happening in the USA and other countries, and all the people US military killed over decades and the ongoing Gaza's genocide… Not to mention all the colonization shit so many countries committed for centuries… WTF?

There's no point trying debating with you…

conscientious objector🇨🇭🪂Feb 26

@devnull @nixCraft

words kill more people than bullets 🤷‍♂️

But that’s a typical internet discussion, you quote an expert with a phd on his topic and a random guy comes and writes it’s bullshit 😅

🐧DaveNull🐧 ☣️pResident Evil☣Feb 26

@tobi82 Yeah sure… Keep going on with your shitty denial of well-documented massacres form a shitton of a long list of experts on this matter, not just one "expert with a phd"

Because psychology is well known for it's accuracy lol…

Typical discussion with a troll, you're blocked…

Pēteris Krišjānis Mar 1

@nixCraft I would say it added negative "a lot"