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u/explosivejoseph 6h ago
Aaaanyway in good news....Plenty of live shows at www.joeyavery.com and more over at my sub r/JoeyAvery
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u/gnarl_foot 2h ago
Have you been asked to do any corporate gigs recently? I'd love to see you do the same material in front of the ghouls responsible lol
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u/edvurdsd 6h ago
Well said
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u/PantsDontHaveAnswers 5h ago
I know some of these words.
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u/Aconite13X 5h ago
"Well" means "good" and "said" means "spoken"
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u/Don_Von_Schlong 5h ago
good spoken
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u/Aconite13X 5h ago
You understand
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u/domredditorX 4h ago
None of those words are in bible therefore I understand not
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u/wouterJ 3h ago
And u/edvurdsd saideth to thee: thou have spoken to my satisfaction. Blessed be thine hearth and goats!
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u/Don_Von_Schlong 3h ago
If you don't understand that it's kinda like;
"That was actually valid. I’m satisfied for real. May your house stay blessed and your goats stay absolutely bussin’"
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u/AceOBlade 5h ago
basically regular people are investing in stocks that could fail, but right before they would fail people that are making decisions on these AI stocks will rug pull and get their money back while the regular people would have useless stocks that are worth nothing.
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u/logand98 5h ago
Pretty much spot on, did not expect actual financial analysis from a comedy set lmao
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u/Sidivan 5h ago
I did not expect to ever hear Joey say “exit liquidity” in a set, but here we are.
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u/Electronic-Visual-30 3h ago
I'm in Finance and he explained it better than me, fuck.
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u/CoachWatermelon 3h ago
Strange I watch him a lot and find that very in character of him to know and say
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u/Animanic1607 5h ago edited 4h ago
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u/welchplug 5h ago
Yeah but its more impressive here because he didn't know it was coming.
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u/Animanic1607 5h ago edited 4h ago
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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.
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u/hyeongseop 5h ago
Yeah that really surprised me. Had no idea Joey was a finbro
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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
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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.
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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.
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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.
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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.
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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
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u/Katicflis1 6h ago
Im here for comedy not depression dammit...
(But it was great as usual -- dude always so damn quick/witty)
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u/heyimwalknhere 5h ago
She's like "yeah totally, its gunna mess with so much shit and ruin so many lives but I'm getting paid hahahhhhaaa"
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u/UnbannedAndUnbowed 57m ago
What do you even say to people like this to make them understand what they're doing & that they have a choice in the matter?
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u/hoist_off 29m ago
nothing. They already know. Violence is not the answer but I suspect eventually it'll come to that
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u/OneDay_AtA_Time 48m ago
Ha. Ha. Ha. They are fully aware of what they’re doing. It’s all about short term gains. The future does. Not. Matter. To them.
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u/motorboatmycheeks 6h ago
I like that at the end the one laughing the hardest is the vc. Like yeahh yall fucked
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u/vanillaninja16 5h ago
Well yea, can’t get into venture capitalism is your intent isn’t to fuck other people over.
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u/hnglmkrnglbrry 5h ago
I once hung out with my good friend and his VC coworkers. We tailgated a football game and I spent 2 hours watching the most self-righteous pig-headed dbags abuse every substance on earth. I ended up just walking away with no warning.
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u/EquivalentBeach8780 5h ago
Yeah, she's actually not a good person. Evil, even.
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u/RandomUser15790 3h ago
Old company got bought out by a VC and they were like "Nothing is going to change guys! We bought it because we love it for what it is! Insert corporate jargon and empty platitudes."
50% of the business wasn't actually related to anything they cared about. 70/100 employees were laid off in under 18 months (including ~20 from their own industry side).
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u/utzutzutzpro 2h ago
Companies do not get bought out by a VC company. That would be PE. PE would just buy companies. VC only invests.
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u/bryanna_leigh 5h ago
He ain’t wrong!
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u/redditsuckscockss 4h ago
Hasn’t there been 0 actual AI companies IPO and enter the index?
I know Anthropic and others are going to IPO but don’t think any others have yet?
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u/treacherous_tim 4h ago
SpaceX is in some, although not the S&P500. xAI (and recently acquired Cursor) roll up through SpaceX
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u/bryanna_leigh 4h ago edited 4h ago
Space X which is where Musk has his AI segment and also X/Twitter. SpaceX (rockets/Starlink) + xAI (the AI lab) + X (the social platform) all rolled into one publicly traded entity.
I feel like this was specifically about them, this was considered a huge pump and dump for X investors that helped Elon take over the platform.
SpaceX became one of the fastest additions ever to the Nasdaq-100, qualifying less than a month after its IPO and officially joining before trading began on July 7, 2026 — under a new “fast entry” rule Nasdaq had introduced.
FTSE Russell relaxed its float requirements too, letting SpaceX in possibly by September or December 2026 reconstitution — which is way faster than normal.
It is all a little sussy … this new fast track system will definitely have some real big implications.
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u/ReserveDrunkDriver 4h ago
It all started with Google. Sam Altman literally used Google’s transformer architecture (theory) and combined it with generative pre-training.
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u/redditsuckscockss 3h ago
Google isn’t just AI though… AI disappears tomorrow google still makes 100s of billions like it did pre AI…
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u/lemonylol 3h ago
Oh yeah, Google is definitely going to fail if a bubble pops. Just like the other 4 or 5 bubbles they already immensely benefited from. It'll be different this time for cinematic purposes.
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u/DoomBuzzer 5h ago
Amazing delivery! Very funny 😂
You have a very positive energy even though you presented a grim, realistic scenario!
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u/osubmw1 5h ago edited 5h ago
Gonna be honest, her laughing makes me pretty fucking angry. I used to work construction management for a contractor that flexed to mainly building datacenters so I walked. Seeing people laugh about this while they collect their fat check is pretty gross.
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u/Sauli_Niinisto 4h ago
She might agree with him, and the laugh might be cathartic.
Lots of people study at the university dreaming of changing the world to the better, only to get trapped in an enemy-of-the-planeteers -job to not end up on the street.
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u/41421356 3h ago
Agreed.
Hahahahaha... (oh god, if I don't use AI daily for almost every aspect of my job I'll get fired and since the job market is fucked I'll probably lose my house and make my kids homeless) ..hahahahaha!
Yeah, not everyone has a choice. This is a living nightmare, and I have no remaining career prospects that can both avoid AI and feed my kids, making me a huge hypocrite every time I talk shit about AI use, which is all the time lately.
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u/Corbitant 4h ago
Maam you need to stop laughing and get a hold of yourself, this is a comedy show!
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u/Kampvilja 5h ago
It is the "it could work!" Punchline that I love. Like, we have all of our eggs in this one stupid basket but maybe we won't drop it? (We probably will drop it).
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u/CopiousCool 5h ago
Spoiler: Its ain't gonna work ... it's a bunch of lies and automation that 'looks' like intelligence when you ask questions about fields you are NOT proficient in ... the minute you ask it something about a topic you nknow well you see the flaws ... it cant even tell time, use a stop watch or do basic math reliably
When was the last time your calculator hallucinated or gave you a wrong answer? ....I'll wait
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u/Recursive_Death 3h ago
Consumer-facing chatbots are the tail-end of the implementation. They are not planning to make money from chuds using ChatGPT to win arguments. The real money is in B2B and large enterprise deals for renting out AI systems to serve private tokens and automate whatever they can get away with. Retail customers are just free marketing and hooks; it's the standard Microsoft/SV playbook that has dominated for decades.
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u/arachnophilia 2h ago
and automate whatever they can get away with
we're about to find out how many jobs can really be replaced with barely functional bullshit.
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u/GrundleGrunt 3h ago
When was the last time your calculator hallucinated or gave you a wrong answer?
AI makes better boobs than a calculator.
Spoiler: Its ain't gonna work ... it's a bunch of lies and automation that 'looks' like intelligence when you ask questions about fields you are NOT proficient in ...
You obviously haven't seen how the entire field of software development has changed in the past few months.
AI has also solved several Erdos problems.
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u/phatteschwags 1h ago
Spoken like someone who has never spelled "boobs" using an upside-down calculator.
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u/arachnophilia 1h ago
the minute you ask it something about a topic you know well you see the flaws
yes, and i encourage people to try this. pick a topic you're an expert in, and ask chatGPT about it. or claude. or whatever.
the only difference with other topics is that you don't know enough to catch their confidently asserted errors.
they pull data from everywhere including reddit. are people wrong on reddit?
When was the last time your calculator hallucinated or gave you a wrong answer? ....I'll wait
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u/yumcake 1h ago
Think of it like a stud finder. Often right, sometimes wrong, and sometimes you drill into an electrical line or pipe and you're proper fucked, so human oversight is still needed instead of blindly trusting the tool. However it's still valuable to quickly get started on zeroing in what you're looking for rather than starting completely from scratch without it.
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u/VirtualPercentage737 3h ago
I am in hardware design and AI is the real deal. It needs to be babysat but the productivity gains we are seeing are amazing. We actually are having the problem of needing to SLOW down progress because each person productivity is like 5 fold what it once was, and in a day they can branch so far off from the team that revision control becomes an issue.
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u/BafflingHalfling 1h ago
Hell, even without a team, revision control is an issue. I have started using Claude at work, and at the end of each session I have to ask cowork to reconcile all the damn leftover bits that didn't get patched in correctly. It's not a panacea, but it really does help a lot. Especially in fields where there's just more documentation than any one human can effectively parse.
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u/_lippykid 54m ago
Yeah, we call it middleware. We need someone with taste and knowledge during the first 10% to execute the right prompt, and same again at the end for the last 10% to make sure it looks good, but the productivity gains in the middle 80% is insane
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u/watitdo 2h ago
You know that this shit isn’t persuading anyone anymore? Several studies have indicated that AI usage slows down work even for coders, and this does not take into account the skill loss that occurs when you aren’t actively writing the code yourself.
You have been sold a ream of hype and everyone you repeat this shit to is one day gonna know you are just a mark.
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u/Clean_Inflation_4791 2h ago
im on the academia side, not profiting anything off of AI. I can promise you whether people are citing it or not, everyone is using AI, and successfully. There isnt a researcher ik that isnt constantly using some frontier level AI and making leaps and bounds of progress. Im talking real proved theorems advancing fields that have been stagnant for a while
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u/wtclim 42m ago
Who are we trying to persuade? I don't like where its going but it does make certain software engineering tasks much faster. You're talking about subjects you clearly have no knowledge in with absolute confidence while incorrect, ironically the exact same thing you're (partially correctly) accusing AI of.
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u/JapanesePeso 1h ago
Dang better tell that to every programmer who is using AI to 10x their capacity.
You have no idea what you are talking about.
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u/Infinite-Curves 5h ago
I want to laugh and cry
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u/tkflash20 5h ago
It's one of those where you begin laughing and then reality sets in and you're looking like Ben Affleck outside smoking a cigarette.
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u/blutosings 4h ago
You know the saying, when your cabbie or standup comedian, thinks it's a bubble, buy. When they start promoting it, sell.
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u/getafterit3 3h ago
Index funds where most people’s retirements are invested are not propping up funding for AI. But, by definition, represent the overall stock market and any downturn will bring index fund value down, and devaluating everyone’s savings
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u/Dull_Construction553 3h ago edited 3h ago
Except for the fact that these companies would make up a tiny fraction of the index funds. If Anthropic comes in at 1T, they’d constitute 0.6% of the S&P. If it goes all the way to 3T (~1.8% of S&P), and then has a colossal valuation collapse to, say, 200B (ie, more than 90% loss), then that’s a grand total wipeout of a massive…1.6% of the S&P.
Even for tracking funds it’s that same fraction of a fraction. The idea that an index fund would suffer a wipeout from a constituent company collapsing just goes to show a lack of understanding of the mechanism.
Besides which, of course, on that 1>3>0.2 ride, retail investors would be a lot less constrained than a VC with a lockup…If the collapse really comes, those VCs be the ones far more affected, being in for the -93.3% while index fund investors get hit with -1.6%. If it doesn’t collapse and VCs get out of it, well, doesn’t collapse, so? If it takes long enough such that VCs can get their investments out, and then it still collapses, then why were public institutions or retail invesors not reacting at all?
This is the index fund version of that same “the rich use their assets to collateralize debt and avoid paying taxes” silliness.
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u/jamesdmc 2h ago
Nvda is bigger than the entire American healthcare industry. There are 7 more like this and they are kind of the only reason the s&p is up.
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u/Dull_Construction553 2h ago edited 2h ago
Oh, I definitely know the concentration and intrinsic problems there. But he’s fundamentally talking about VC backed AI companies and their use of indices to “manipulate” the market, of which NVidia is not.
There are 100% problems worth discussing with the current Mag7 setup and excitement about AI but the specific context of this joke is a genuine misunderstanding that gets both index funds and VC exits wrong.
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u/noiserr 3h ago
Technically: taking all our jobs, and being a bubble are opposite bets. So either AI is really good and will take our jobs, or it's going to crash and we keep our jobs.
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u/TakerFoxx 2h ago
Okay, but shoutout to the dude wearing the NJPW G1 Climax shirt. A true man of taste, right there.
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u/DM725 5h ago
I miss the days when I didn't know what exit liquidity meant... Oh to be naive again!
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u/CurrentDismal9115 6h ago
Hey, but at least the scammers have been able to really up their game! They'll never be out of a job!
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u/thepensivepoet 5h ago
If you are just a normal ass person who wants to chat with an LLM and get questionable recipes you can download a pretrained model from huggingface and run it with no internet connection on consumer grade hardware.
If you are a big company who wants to use AI agents or replace your developers with LLMs you can (and will be financially incentivized by crazy token costs) to locally host your own on better server hardware inside your own infrastructure.
Neither of these cases require subscription and token fees to flow from your wallet to xAI/anthropic/etc.
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u/BeenDragonn 4h ago
She's basically what's wrong with humanity.
Laughing at the bleak future of this planet...because money
Her great grand children will suffer because of her actions...
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u/Roklam 5h ago
Since we're placing long bets on our future, just want to point out that the Aliens could still be out there.
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u/liknlichen 5h ago
Never seen your work before, totally jazzed to see a smart comedian
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u/lokithesiberianhusky 4h ago
It’s not only that the ultra rich aren’t working with the rest of us, it’s that they’re actively working against us.
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u/GenXPowaah 4h ago
Artificially Inflate is definitely the correct term as that's all it's doing.
The bubble will burst, there's no doubt about that
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u/keithstonee 4h ago
I don't know how I feel about people that just knowingly work in industries that destroy the planet.
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u/Huge_Metal_3812 3h ago
It is a bubble. You can pull an AI model and run it on a local PC with enough ram. Big business is centralizing AI so they run it on their memory/agent/model and their hardware. I built and updated my own model with a shiza Asus laptop.
So anyone with enough gusto / funding can build out their own version of AI with a well equipped PC.
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u/milkyheika 3h ago
Japanese Yen Carry Trade is here. Theyll sell all of their Treasury bonds. Here comes the crash.
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u/StrugglingOrthopod 5h ago
Came for the comedy, stayed for the reality check.