r/StandUpComedy • u/explosivejoseph • 6h ago

Comedian is OP The AI Bubble

Enable HLS to view with audio, or disable this notification

14.5k Upvotes

95% Upvoted

687 comments sorted by

View all comments

409

u/logand98 5h ago

Pretty much spot on, did not expect actual financial analysis from a comedy set lmao

167

u/Sidivan 5h ago

I did not expect to ever hear Joey say “exit liquidity” in a set, but here we are.

44

u/DeathpoolWilson 4h ago

Outside of him talking about taco bell, anyway.

2

u/Dekipi 2h ago

Massively underrated comment

16

u/Artificial_Squab 4h ago

Or even mention index funds for that matter.

11

u/Electronic-Visual-30 3h ago

I'm in Finance and he explained it better than me, fuck.

4

u/CoachWatermelon 3h ago

Strange I watch him a lot and find that very in character of him to know and say

1

u/leadhase 1h ago

Joey has always been a smart cookie

36

u/Animanic1607 5h ago edited 4h ago

Deleted

23

u/welchplug 5h ago

Yeah but its more impressive here because he didn't know it was coming.

9

u/Animanic1607 5h ago edited 4h ago

Deleted

11

u/Emotional_News108 5h ago

He isn’t just spouting off buzzwords though he at least seems to grasp the core concept and larger long-term issues.

0

u/Animanic1607 5h ago edited 4h ago

Deleted

9

u/Emotional_News108 5h ago edited 3h ago

The “we all are” is doing some heavy lifting. I think we both know there are plenty of people who struggle with reading comprehension and critical thinking. We all should be able to do it, but alas some people ask ChatGTP and just roll with that answer.

2

u/utzutzutzpro 4h ago

3 Years ago it was just googling it.

Reddit is filled with comments accussing the other of "just having googled something", as if that research is a bad thing, because it didn't came straight out of your own mind in detail.

Times don't change. The words just do.

-6

u/Animanic1607 5h ago edited 3h ago

Deleted

5

u/Emotional_News108 5h ago

I wish I understand what you were talking about…damn.

6

u/MostBoringStan 5h ago

Bro is being a dick to somebody on their cake day for absolutely no reason lol

→ More replies (0)

0

u/Animanic1607 4h ago edited 3h ago

Deleted

→ More replies (0)

1

u/4N0NYM0US_GUY 4h ago

Yeah but he actually did it

0

u/Kojiro12 4h ago

Audience plants exist

2

u/welchplug 4h ago

Nothing is real.

20

u/hyeongseop 5h ago

Yeah that really surprised me. Had no idea Joey was a finbro

11

u/DonCenote 5h ago

We’re all finbros in this blessed AI era

1

u/CopiousCool 5h ago

Using a calculator doesn't make you a mathematician

1

u/DonCenote 1h ago edited 54m ago

I made a joke. Not a good one, but it wasn’t a serious comment about the ability of AI to educate the masses regarding finance. Mostly a comment on the fact that everyone is aware of the potential for an AI bubble in the markets given their recent surge and the general volatility throughout the markets, etc. The “blessed” portion was sarcasm.

1

u/CopiousCool 39m ago

You're right ,sorry

1

u/DonCenote 38m ago

No worries, just figured I’d explain what I meant lol.

-1

u/Starfall0 4h ago

No, but like any good tool, when used right its a powerful tool that both enhances the work of the highest skilled experts and total amateurs alike. It enables even those who are not good with numbers to be able to do consistent, correct math.

That's the core issue for why AI doesn't compare to a calculator. It is not consistently correct, and until it can be, it remains a tool best used only by those with the skill to use it correctly. The technology can do good, its the blatant exploitation of it by techbros with too much of daddy's money that's actually negatively impacting us.

1

u/lemonylol 3h ago

You can just get all of this information from a simple informative video or book, there's nothing advanced he's talking about. I think that's part of the joke, that he's just mirroring the intellectual sounding terms in a comedy set as a fish out of water thing.

-1

u/Vegetable_Review4967 5h ago

He doesn't need to be a finbro, just an avid reader of r/Wallstreetbets , which I bet he is.

6

u/s_nation 5h ago

people have been screaming this over and over again for the past year, Ed Zitron, Cory Doctorow, Emily Bender, they're a popular presence on all these tech and finance podcasts and channels, he's summarizing what they've all been saying, it's bigger than the dot com bubble, the gains don't justify the capex spending...etc

4

u/Large-Treacle-8328 5h ago

There also isn't any real gains because it's nothing more than a few large companies shuffling money around to look profitable when they're actually losing a shit ton of money.

2

u/WestCoastBestCoast01 3h ago

Well appreciation is a real part of any gain, it’s just that gains are supposed to, and usually do, include income/earnings. It’s the income that’s missing, making the whole gain speculative appreciation.

0

u/space_monster 1h ago

Anthropic aren't. And OpenAI's net revenue tripled in the last year. How much of that they choose to blow on new model training is yet to be seen, but the 'AI labs will never be profitable' trope isn't as accurate as it was about a year ago.

•

u/insanitybit2 26m ago

Lots of companies do this at early stages. If this were truly a signal of an unhealthy market, the entire market would have been fucked a long time ago. Companies optimize for their cap tables and bookkeeping to some degree, which is what leads to this.

Lots of companies are not profitable for a long time, that's why they take funding.

2

u/the_ballmer_peak 5h ago

Why do you think he went into comedy? AI isn't funny. Job security. 🧠

2

u/lemonylol 3h ago

Your retirement portfolio ETF is all equity?

2

u/julian88888888 3h ago

truthfully misunderstands how most VCs make their money. They sell in earlier private rounds. Investment banking is usually Pre-Post IPO.

4

u/orange-yellow-pink 3h ago edited 3h ago

Most of what he said isn't true. Firstly, no high profile AI company has gone public and when a company IPOs they don't "use index funds to artificially inflate their value". That latter sentence doesn't even make sense. Index funds just buy the companies that are included in an index. A company can’t put itself in one or somehow use them to pump up its own value.

The part that is true is that when a company goes public and its shares are traded on the market, early investors like VCs can eventually sell their shares and make money.

10

u/FluroSnow 2h ago

SpaceX is a high profile AI company (debatable) that has gone public. It worked for spacex. Anthropic and OpenAI want to essentially do the same.

One could argue that they did indeed inflate their price by utilising index funds. They had a 3x float multiplier. Only about 4% of their public free float was made availiable. As a result index funds had to purchase more shares than availiable supply warrents

-1

u/orange-yellow-pink 1h ago

Yeah, definitely debatable to label them an AI company entirely but yeah, AI is part of their business.

Your latter point wouldn't be the IPO "utilizing index funds" though. That's the company being added to an index by Nasdaq or S&P and then, with the increased demand from funds tracking that index, the value rises. Having very few shares available can amplify that effect but that's still not the company using index funds to pump its own value.

1

u/SharpVanilla1 1h ago

Now you have to ask yourself why open AI delayed going public.

1

u/Yayareasports 43m ago

Cause Anthropic is eating their lunch

1

u/GrassWaterDirtHorse 30m ago

Anthropic is planning for this fall, and OpenAI already filed for an IPO with the SEC in June. A lot of smaller companies are taking in investment. Meanwhile big datacenter corps are going public, like SB Energy.

-2

u/[deleted] 3h ago

[deleted]

3

u/Idaporckenstern 3h ago

Do you not read a whole discourse before butting in?

1

u/lemonylol 2h ago

In this case, the comedy show literally came to him

4

u/MasterOfDerps 4h ago

Good comedians are typically really intelligent

1

u/rock_and_rolo 3h ago

Good comedians tend to be well educated and/or well read. Otherwise you don't have much to base material on.

But yeah, finance is a corner case. I didn't know about the index fund tie-in.

0

u/RazsterOxzine 2h ago

At this point in time we should all know this as we're going to be completely screwed by years end.

•

u/insanitybit2 27m ago

It's not really spot on at all. Like, the two leading AI companies aren't even public... and even if/ when they are, obviously your 401ks won't be suddenly invested in them. AI is unhealthy for the market in the sense that it's eating up VC money that could go towards other areas, and we have an extremely unstable market due to the current admin, etc.

Some very large companies may be very overvalued, and that may change, but part of that is that the rest of the market is doing very poorly. An unstable market means investors choose a few specific places to put money.

People should really not take economic information from clips of comedy shows that get posted to reddit.