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

[perrin42@mastodon.social]

@GossiTheDog

Lot of circles following those arrows...

[rev_null@infosec.exchange]

@GossiTheDog Seems like the startups have figured out they can beat the established giants by getting them to bankrupt themselves.

[twifkak@mas.to]

@GossiTheDog Yes, those green bars are much bigger than in reality because of this. In their disclaimer section:

> The AI economy is circular: Google funds Anthropic, Anthropic runs on Google Cloud, Amazon funds Anthropic, Microsoft co-invests with OpenAI. This means aggregate industry figures double-count some revenue flows.

[seb@gruene.social]

@GossiTheDog I guess Nvidia is pretty happy as-is but I do wonder if we won't see issues for them too down the line - the more expensive/unavailable hardware becomes the more the consumer market will adapt to this new ceiling, countries that have been talking about hardware dependency will start manufacturing chips and so on. We will see.

[bedifferent@mastodon.social]

@GossiTheDog ? When companies or concepts start up, isn't spending always going to be > than revenue? You're supposed to be building a product (sw, hw, a human being) so the initial outlay will be bigly greater.

What am I not seeing? AI is bad. It's released like Bill Gates released his prototype product that I don't think ever went off without a bunch of glitches. TEST first for months or years then release the damn product unless you want a bunch of stupid/ignorant ppl ... (hey, a goal).

[carpetbomberz@mastodon.online]

@GossiTheDog

It's one giant circle-jerk

[defectivewings@infosec.exchange]

@GossiTheDog
If not bubble why bubble shaped?

[netraven@hear-me.social]

@GossiTheDog don't tell nasdaq.

[justinderrick@mstdn.ca]

@GossiTheDog Hold on... BRB... Bankrupting the slop machines by asking them how many R's are in Strawberry.

[duncanhart@mastodon.duncanhart.com]

@GossiTheDog I've got a bridge in London to sell them..

[xgebi@hachyderm.io]

@GossiTheDog for colour blind people, the upper is spending and the lower is revenue

[natesubra@infosec.exchange]

@GossiTheDog
That companion piece is missing Anthropic and some of the recent moves there. Still pretty enlightening. It's crazy the amount of money that's getting shifted around

[cleanduck@mastodon.social]

@GossiTheDog this is quite interesting, what are we thinking when the penny finally drops? NVIDIA go down? They’re about the only ones with actual assets, albeit depreciating ones. But surely their stock is inflated?

[lordcaramac@discordian.social]

@GossiTheDog It is quite profitable. For Nvidia. Not so much for all the others.

[kasiandra@chaos.social]

@GossiTheDog
#alt4you
List of companies and graphs how much money they spend for AI and how less they revenue:

Amazon since '22: Spend $313B revenue $22B. -$291B
Alphabet Google since '22: Spend $287B revenue $25B. -$262B
Microsoft since '22: Spend $266B revenue $31B. -$235B
Meta since '22: $230B revenue $3B. -$227B
Oracle since '23: Spend $57B revenue $18B. -$39B
OpenAI since '20: Spend $55B revenue $28B. -$27B
Anthropic Since '21: Spend $33B revenue $6.5B. - 26.5B

[kasiandra@chaos.social]

@GossiTheDog #alt4you
xAI: Since '23: spend $20B revenue 0.8$B. -$19.2B

[raz2701@mastodon.social]

@GossiTheDog if red is spending and green is revenue then put that info in the fucking website no?

[cgervasi@fosstodon.org]

@GossiTheDog It's a huge gamble. I think AI will create enormous value, but enough to justify company's valuations? I really hope so. I don't know.

[mpaluchowski@mastodon.online]

@GossiTheDog it'd be useful to see how they're doing over time. Someone claimed lately that Anthropic is close to becoming profitable. But I guess that data is hard to come by.

[f800gecko@mastodon.online]

@GossiTheDog

What?

Nvidia's doing okay.

lol

Heaven help us in the reckoning.