#iPhone 4: 2010

[drunk-angel666]

[swagknight]

[19kaulitz89]

This era is my favourite <333

[gi11ua]

sum light i have better pics on my camera

[sami--spoon]

[c1nnimong1rl]

[peacelykerockets]

[cloudiyum]

14 year old emo cloudi - circa 2012 taken on iphone 4

rawr c:

[xaviergalatis]

iPhone 4

[phantomrose96]

If anyone wants to know why every tech company in the world right now is clamoring for AI like drowned rats scrabbling to board a ship, I decided to make a post to explain what's happening.

(Disclaimer to start: I'm a software engineer who's been employed full time since 2018. I am not a historian nor an overconfident Youtube essayist, so this post is my working knowledge of what I see around me and the logical bridges between pieces.)

Okay anyway. The explanation starts further back than what's going on now. I'm gonna start with the year 2000. The Dot Com Bubble just spectacularly burst. The model of "we get the users first, we learn how to profit off them later" went out in a no-money-having bang (remember this, it will be relevant later). A lot of money was lost. A lot of people ended up out of a job. A lot of startup companies went under. Investors left with a sour taste in their mouth and, in general, investment in the internet stayed pretty cooled for that decade. This was, in my opinion, very good for the internet as it was an era not suffocating under the grip of mega-corporation oligarchs and was, instead, filled with Club Penguin and I Can Haz Cheezburger websites.

Then around the 2010-2012 years, a few things happened. Interest rates got low, and then lower. Facebook got huge. The iPhone took off. And suddenly there was a huge new potential market of internet users and phone-havers, and the cheap money was available to start backing new tech startup companies trying to hop on this opportunity. Companies like Uber, Netflix, and Amazon either started in this time, or hit their ramp-up in these years by shifting focus to the internet and apps.

Now, every start-up tech company dreaming of being the next big thing has one thing in common: they need to start off by getting themselves massively in debt. Because before you can turn a profit you need to first spend money on employees and spend money on equipment and spend money on data centers and spend money on advertising and spend money on scale and and and

But also, everyone wants to be on the ship for The Next Big Thing that takes off to the moon.

So there is a mutual interest between new tech companies, and venture capitalists who are willing to invest $$$ into said new tech companies. Because if the venture capitalists can identify a prize pig and get in early, that money could come back to them 100-fold or 1,000-fold. In fact it hardly matters if they invest in 10 or 20 total bust projects along the way to find that unicorn.

But also, becoming profitable takes time. And that might mean being in debt for a long long time before that rocket ship takes off to make everyone onboard a gazzilionaire.

But luckily, for tech startup bros and venture capitalists, being in debt in the 2010's was cheap, and it only got cheaper between 2010 and 2020. If people could secure loans for ~3% or 4% annual interest, well then a $100,000 loan only really costs $3,000 of interest a year to keep afloat. And if inflation is higher than that or at least similar, you're still beating the system.

So from 2010 through early 2022, times were good for tech companies. Startups could take off with massive growth, showing massive potential for something, and venture capitalists would throw infinite money at them in the hopes of pegging just one winner who will take off. And supporting the struggling investments or the long-haulers remained pretty cheap to keep funding.

You hear constantly about "Such and such app has 10-bazillion users gained over the last 10 years and has never once been profitable", yet the thing keeps chugging along because the investors backing it aren't stressed about the immediate future, and are still banking on that "eventually" when it learns how to really monetize its users and turn that profit.

The pandemic in 2020 took a magnifying-glass-in-the-sun effect to this, as EVERYTHING was forcibly turned online which pumped a ton of money and workers into tech investment. Simultaneously, money got really REALLY cheap, bottoming out with historic lows for interest rates.

Then the tide changed with the massive inflation that struck late 2021. Because this all-gas no-brakes state of things was also contributing to off-the-rails inflation (along with your standard-fare greedflation and price gouging, given the extremely convenient excuses of pandemic hardships and supply chain issues). The federal reserve whipped out interest rate hikes to try to curb this huge inflation, which is like a fire extinguisher dousing and suffocating your really-cool, actively-on-fire party where everyone else is burning but you're in the pool. And then they did this more, and then more. And the financial climate followed suit. And suddenly money was not cheap anymore, and new loans became expensive, because loans that used to compound at 2% a year are now compounding at 7 or 8% which, in the language of compounding, is a HUGE difference. A $100,000 loan at a 2% interest rate, if not repaid a single cent in 10 years, accrues to $121,899. A $100,000 loan at an 8% interest rate, if not repaid a single cent in 10 years, more than doubles to $215,892.

Now it is scary and risky to throw money at "could eventually be profitable" tech companies. Now investors are watching companies burn through their current funding and, when the companies come back asking for more, investors are tightening their coin purses instead. The bill is coming due. The free money is drying up and companies are under compounding pressure to produce a profit for their waiting investors who are now done waiting.

You get enshittification. You get quality going down and price going up. You get "now that you're a captive audience here, we're forcing ads or we're forcing subscriptions on you." Don't get me wrong, the plan was ALWAYS to monetize the users. It's just that it's come earlier than expected, with way more feet-to-the-fire than these companies were expecting. ESPECIALLY with Wall Street as the other factor in funding (public) companies, where Wall Street exhibits roughly the same temperament as a baby screaming crying upset that it's soiled its own diaper (maybe that's too mean a comparison to babies), and now companies are being put through the wringer for anything LESS than infinite growth that Wall Street demands of them.

Internal to the tech industry, you get MASSIVE wide-spread layoffs. You get an industry that used to be easy to land multiple job offers shriveling up and leaving recent graduates in a desperately awful situation where no company is hiring and the market is flooded with laid-off workers trying to get back on their feet.

Because those coin-purse-clutching investors DO love virtue-signaling efforts from companies that say "See! We're not being frivolous with your money! We only spend on the essentials." And this is true even for MASSIVE, PROFITABLE companies, because those companies' value is based on the Rich Person Feeling Graph (their stock) rather than the literal profit money. A company making a genuine gazillion dollars a year still tears through layoffs and freezes hiring and removes the free batteries from the printer room (totally not speaking from experience, surely) because the investors LOVE when you cut costs and take away employee perks. The "beer on tap, ping pong table in the common area" era of tech is drying up. And we're still unionless.

Never mind that last part.

And then in early 2023, AI (more specifically, Chat-GPT which is OpenAI's Large Language Model creation) tears its way into the tech scene with a meteor's amount of momentum. Here's Microsoft's prize pig, which it invested heavily in and is galivanting around the pig-show with, to the desperate jealousy and rapture of every other tech company and investor wishing it had that pig. And for the first time since the interest rate hikes, investors have dollar signs in their eyes, both venture capital and Wall Street alike. They're willing to restart the hose of money (even with the new risk) because this feels big enough for them to take the risk.

Now all these companies, who were in varying stages of sweating as their bill came due, or wringing their hands as their stock prices tanked, see a single glorious gold-plated rocket up out of here, the likes of which haven't been seen since the free money days. It's their ticket to buy time, and buy investors, and say "see THIS is what will wring money forth, finally, we promise, just let us show you."

To be clear, AI is NOT profitable yet. It's a money-sink. Perhaps a money-black-hole. But everyone in the space is so wowed by it that there is a wide-spread and powerful conviction that it will become profitable and earn its keep. (Let's be real, half of that profit "potential" is the promise of automating away jobs of pesky employees who peskily cost money.) It's a tech-space industrial revolution that will automate away skilled jobs, and getting in on the ground floor is the absolute best thing you can do to get your pie slice's worth.

It's the thing that will win investors back. It's the thing that will get the investment money coming in again (or, get it second-hand if the company can be the PROVIDER of something needed for AI, which other companies with venture-back will pay handsomely for). It's the thing companies are terrified of missing out on, lest it leave them utterly irrelevant in a future where not having AI-integration is like not having a mobile phone app for your company or not having a website.

So I guess to reiterate on my earlier point:

Drowned rats. Swimming to the one ship in sight.

[spicymelonyfries18292822899]

[swagknight]

[angelosw32]

iPhone 4📱2010

[astrstqr]

☆˙˖ DESIRED REALITY !

things i script for my modern dr. lmk if you want more

⬭ racism, homophobia, ableism, transphobia, islamophobia, anti semitism, misogyny, global warming, climate change, overconsumption, overpopulation, deforestation, habitat destruction etc., used to exist, however they currently do not and will never suffer from them again.

⬭ everyone is treated equal

⬭ no “pro-life”

⬭ people are allowed to have abortions no matter what age they are

⬭ women products are free such as pads/tampons and birth control

⬭ everyone is educated on problems happening around the world

⬭ health care is free

⬭ natives are seen as the founders of America

⬭ south, west, southeast, & central Asians are seen too + people know Asia is not just the east

⬭ having guns are illegal unless your job requires you to have one and there is no other way to get a gun

⬭ periods last a day and are very light

⬭ covid-19 doesn’t exist

⬭ plastic surgery is normalized , isnt look down on but people rarely gets it unless necessary

⬭ children of any age are not sexualized in any form or shape

⬭ in public bathrooms the toilet is always clean, people don't knock on the stall you are in, there is always toilet paper, always soap and a hand dryer

⬭ the Chinese government isn't so harsh & gives the citizens freedom

⬭ people of color’s cultures are RESPECTED, & not appropriated

⬭ foster care takes treats kids nicely

⬭ nobody harms animals and kill shelters are not a thing

⬭ all country leaders are good and honest people

⬭ human trafficking does not exist

⬭ the government never watches you through your phone

⬭ trump never ran for president

⬭ no world hungers

⬭ no one is homeless, and everyone has a home

⬭ world peace

⬭ women and men are equal

⬭ it’s easy for people to make money

⬭ all sickness has a cure

⬭ bullying does not exist

⬭ black history and pride month still exist

⬭ the government isn't greedy and take care of their people

⬭ every country has money, food, isnt poor, etc. etc.

⬭ no toxic parenting

⬭ the Sewol ferry never had an accident

⬭ school shooting doesn’t exist

⬭ minimum wage is $15-$20 an hour

⬭ crimes are punished with justice in mind

⬭ history is recorded correctly

⬭ people can start driving at 15

⬭ Korea is not conservative

⬭ Korea doesn’t have an unrealistic beauty standard

⬭ Korea never divided, it is united and free. But south of korea is like the city part and the north is like rural part

⬭ pollution does not exist

⬭ earth air is clean and easy to breathe no matter where you are

⬭ no acid rain, urban sprawl, ozone layer depletion

⬭ allergies do not exist

⬭ the world is more colorful and not dull looking

⬭ coral reef still has it color

⬭ no water in unwanted places

⬭ grass is always green

⬭ if the population increases the planet gets bigger to produce resources to accommodate the growing population. it doesnt effect the mass of the earth or the gravitational pull

⬭ global warming doesn't exist

⬭ humidity doesn't ruin hair

⬭ the library of alexandria was never destroyed

⬭ apple pencils work on iPhone

⬭ everything is wireless, and nothing needs a cord

⬭ line is always short in stores and restaurants

⬭ buildings and renovating don’t take longer than a wee

⬭ you can book a hotel with being 18 or older

⬭ traffic is always fine

⬭ netflix have more of a large selection of things and dont remove shows/add shows no one wants

⬭ spotify is free

⬭ the switch have a web browser

⬭ tv companies still make tv shows similar to the 2000s and early 2010s , just updated to keep up with the times

⬭ the sims franchise lore is linear throughout the series

the open world features from sims 3 is still present in sims 4

sims 4 is like an updated and better version of sims 3 keeping all the features from the sims 3 (still including everything that is already in sims 4)

non of the games have bugs

every expansion pack etc is just added to the game as an update and no one has to pay for it

⬭ cheap jewelry doesnt tarnish

⬭ washer/dryer cycles are 15 mins

⬭ in the show dancing dolls everyone was treated equally and was never fake to each other.

⬭ people actually do the theme for the met gala and it’s always unique

୨୧⠀˙⠀⠀˖⠀ world aesthetic & vibe

[sami--spoon]