ugjkaThe AI boom is a lie: Fake data centres and unused GPUs | Ed Zitron
magiccupcakeFor those who might rather read
The AI Industry Is Lying To You
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that was an exciting read, good sources used to paint a picture of what we all suspected to be true.
Yay another once in a lifetime drop!
Which is a rapidly decreasing number of people based off the latest reports from Vanguard
Americans are pulling money out of their 401(k) funds at record rates - Lemmy Today
Data from Vanguard shows Americans are pulling money out of their retirement accounts early at record rates to help make ends meet. Last year, 6% of Vanguard’s clients took a hardship withdrawal, which allows them to access funds in tax-advantaged retirement accounts, such as a 401(k), before they reach retirement age. That was up from 4.8% in 2024, the asset management giant said. Taking a hardship withdrawal is not ideal for a few reasons, one of them being that investors are subject to a withdrawal penalty of 10% for taking money out of their account before 59½. On top of that, they are then taxed on any gains. However, perhaps most importantly, they rob themselves of future growth potential on that money, especially if they are still far from retirement age.
Ya, the next 10-30 years of people unable to retire is going to be horrible. Right as tech starts to take away more entry level jobs.
I have already accepted that I won’t be able to retire.
when the time comes, I’ll live in this world the only way they have allowed me to.
violently.
EldritchYep. There’s no way I’ll be able to retire. At this rate what I’m saving might allow me to be slightly less destitute for a time. But I have no illusions, the moment I’m no longer able to work my life will likely be over. But I will likely not go alone. Make sure I find someone deserving. This is the way.