Now you can keep track of how many billions the AI companies are losing on AI.

[kronogarrett@meow.social]

@MikeElgan Burn, baby burn.

[only_ohm@mas.to]

@MikeElgan And yet there's no sign of the shareholders suing the directors for failing in their fiduciary duties, which I presume means the shareholders are bent as nine bob notes too.

[john_fisherman@mastodon.social]

@MikeElgan CLiMatE cHanGE MitiGatION is ToO ExpEnsIve, We CAN't!

[jumpmed@mastodon.social]

@azad @MikeElgan or by becoming so large (on paper) that when they fail the government pays out to prevent total collapse of the stock markets. We the people are left footing the bill even though we were collectively fighting against it the whole time.

[earthshine@masto.hackers.town]

@MikeElgan there are a few other winners like TSMC and Micron etc. In fact when you add all the economy propped up *by* this ai foolishness you get a huge bubble that's the primary thing keeping the markets afloat. Once AI companies finally fold under the pressure, I strongly suspect the rest of our economy to go down like a sinking ship, especially in the west.

[emmecola@fediscience.org]

@MikeElgan Some of these companies rely only on AI, while others have a diversified business. I think this will make a big difference in the long run

[okuna@social.tchncs.de]

@MikeElgan Amazon, Tesla and many others weren't profitable for decades.
Now they are run the world.
They just try to achieve the same thing.

[gepasi@fediscience.org]

@happyborg @MikeElgan construction industry (data centers), no one else

[mensrea@freeradical.zone]

@MikeElgan in a gold rush, sell shovels

[max@gruene.social]

@n_dimension @MikeElgan In case someone honestly believes this (and this isn't read as the obvious joke about AI-bros saying similar things):

The internet basically was never losing money, it enabled researchers to communicate and compute things way faster than before when they needed to send out mail and tapes manually. The amount of value their faster research created is basically immeasurable.

Also of course the internet wasn't burning our planet alive to work.

[hannorein@mastodon.social]

@MikeElgan Shouldn't it use profit rather than revenue to answer the question of whether it is profitable? You can have all the revenue in the world and still make a loss.

[bob_zim@infosec.exchange]

@julesbl @sebastian @PaulaToThePeople @MikeElgan A future? That sounds like a problem for whoever is in charge later! The people in charge now will have already made their money and power wrecking everything by then.

[adolfoneto@bertha.social]

@MikeElgan Can we really trust those numbers?

[sfpodge@famichiki.jp]

@MikeElgan @savvykenya let’s see SpaceX now

[julesbl@mastodon.me.uk]

@bob_zim @sebastian @PaulaToThePeople @MikeElgan
I'm not sure about that, the shear vast amounts of debt are big even for these big companies, but time will tell

[noplasticshower@infosec.exchange]

@MikeElgan loss leaders

[jay_peper@chaos.social]

@n_dimension in case this wasn't sarcasm, No, "the internet" never lost money. And outside of government projects (think moon landing, wars), I've never seen unbalanced investment like this ever before.

[cohentheblue@ohai.social]

@KennedyRichard @sebastian @julesbl @PaulaToThePeople @MikeElgan How would you find my home page for example? For a while now, the only way to search for general knowledge is a site:*subdomain.com search. I see a lot of that independent content around, most people aren't aware of it because there's no true useful search unless you already know where to search. There's no lack of content but there is an incentive to lock it away by initially the corporate search engine owners, now AI owners.

[sebastian@norrebro.space]

@cohentheblue @KennedyRichard @julesbl @PaulaToThePeople @MikeElgan

You can certainly search not knowing *where* you are searching, but there is always a mediator inbetween - that most people might not be so aware of.
And if and when that mediator not only takes the role of filtering, deciding, but also presenting the results from their engines - no traffic will ever hit the original content.

[jmcrookston@mastodon.social]

@MikeElgan

Nvidia selling shovels to the gold rush prospectors