Now you can keep track of how many billions the AI companies are losing on AI.
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@dckim @MikeElgan Look up what MSB and CDO's are and then what happened in 2007. People and companies make financial decisions and not all of them will be good. Only time will tell whether AI was a good investment or not.
@namedbird @MikeElgan I saw the movie 'The Big Short', so maybe that counts. So, do you think the same insanity logic might be at play here?
Let's face it, the AI, as yet, doesn't seem to be all it's cracked up to be.
Seems like they are all racing to an obvious plateau. I wonder what percentage of those budgets were spent on advertising for AI.
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan Adding this up - that is something like a trillion dollars wasted on producing crap. And it will cost another trillion to to undo all the damage.
Just what a waste. When there is so much better things that could be done with all that money.
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan war is not profitable unless you are the one selling the guns
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@MikeElgan Adding this up - that is something like a trillion dollars wasted on producing crap. And it will cost another trillion to to undo all the damage.
Just what a waste. When there is so much better things that could be done with all that money.
I’d rather spend a trillion on that than the pentagon; alas, in the worst of all possible timelines: we get both
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@derderwish @sebastian @julesbl @PaulaToThePeople @MikeElgan I mean, there has to be some way to deal with those attacks, right? First of all, small creators aren't targeted by that, right? Also, I thought dealing with that was the job of the hosting providers, is it not?
@KennedyRichard @sebastian @julesbl @PaulaToThePeople @MikeElgan
Friends with statically generated websites are unnecessary often crawled by these systems.
They ignore established standards like robots.txt and try to avoid any kind of regulation.
They try to force their way to get these information with the same shitty behavior they try to force the LLM shit into each piece of software. -
@sebastian @julesbl @PaulaToThePeople @MikeElgan I myself have a couple domains for a couple of years and only recently started writing small articles/essays. It is not much but it is nonetheless a fresh cup of water in a vast desert of disinformation and slop.
@KennedyRichard @sebastian @julesbl @PaulaToThePeople @MikeElgan planting a tree in your backyard makes your backyard nice but does not help with mass deforestation
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@KennedyRichard @sebastian @julesbl @PaulaToThePeople @MikeElgan
Friends with statically generated websites are unnecessary often crawled by these systems.
They ignore established standards like robots.txt and try to avoid any kind of regulation.
They try to force their way to get these information with the same shitty behavior they try to force the LLM shit into each piece of software. -
@derderwish @sebastian @julesbl @PaulaToThePeople @MikeElgan Also, these businesses providing AI are finally having to justify their non-profitability and AI is finally starting to get expensive. I can't see how these attacks can keep going in a sustainable way, right? Who will cover those costs, with which money? It seems to me AI already started the process of getting to the tail end of the Gartner Hype Cycle chart. And it can't get there fast enough.
@KennedyRichard
Web crawler should have been a solved problem. But anyhow they decided to hack it themselves, in shitty…
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan top 4 prove lack of ability to make anything worthwhile ..will not take long for disaster to occur ...
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@KennedyRichard @sebastian @julesbl @PaulaToThePeople @MikeElgan planting a tree in your backyard makes your backyard nice but does not help with mass deforestation
@vicash @KennedyRichard @julesbl @PaulaToThePeople @MikeElgan
i am not saying that we should stop writing and creating, preferably on self-hosted or otherwise independent sites, off the corporate platforms.
been doing that for 25+ yrsbut we have to be aware that
1/ this does not address monetization - how does a creator survive?
2/ the vast majority of users will use monopoly search engines to find our content and thus land in the AI fangs of those monopoly players.see "trees in backyards"
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@vicash @KennedyRichard @julesbl @PaulaToThePeople @MikeElgan
i am not saying that we should stop writing and creating, preferably on self-hosted or otherwise independent sites, off the corporate platforms.
been doing that for 25+ yrsbut we have to be aware that
1/ this does not address monetization - how does a creator survive?
2/ the vast majority of users will use monopoly search engines to find our content and thus land in the AI fangs of those monopoly players.see "trees in backyards"
@vicash @KennedyRichard @julesbl @PaulaToThePeople @MikeElgan
how do readers find content?
"As of January 2022, Google is by far the world's most used search engine, with a market share of 90%, and the world's other most used search engines were Bing at 4%, Yandex at 2%, Yahoo! at 1%. Other search engines not listed have less than a 3% market share"
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan I like how literally everyone's broke except NVidia
This is so stark lmao
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan hii
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan that definitely looks sustainable
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan hii
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan This even seems to be a favourable framing of the numbers... the circular financing is mentioned, but, from the numbers, OpenAI looks like it's almost making some money....
Until you remember that microsoft has been subsidizing the hell out of them, so a lot of their costs are probably hidden in the microsoft spend bar, rather than their own... -
Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan its like that time i spend time learning how to drive a car. My instructor made me drive in circles ending my tour where i started. Valuable time i could have spent walking and cycling and actually getting somewhere. Not to mention the costs per hour.
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan this is insane, how are they eating all these losses?!
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan Looking at the whole chart, #Nvidia is at the bottom, and is the only one making any money, and it's making buckets of money.
"When there's a gold rush, sell shovels."
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Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/
@MikeElgan Oh to be the guy selling the picks and shovels to these idiots.
