Now you can keep track of how many billions the AI companies are losing on AI.
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Reminder: It's an arms race.
You wouldn't expect any visible, immediate profit from an arms race through purchasing bombs and tanks either. Or would you?It's an arms race to control media and the digital infrastructure and by this political power, unrestricted by any rules.
@grootinside @MikeElgan exactely, and an arms race beteeen countries, so expect lobyying disinformation, and public pleas for government hand outs, tax breaks, budget deficits, and environmental exemptions.
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@MikeElgan everyone is broke except nvidia apparently
@vampgun @MikeElgan It’s not just Nvidia — it’s nearly the entire semiconductor market. Just look at how much more you have to pay now compared to six months ago for RAM, storage, or CPUs. There’s already a massive shortage of resources. Samsung employees even receive bonuses of up to €300,000 when the company hits certain profit targets.
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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 chuckled when I saw who was the only one making profit on it.
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@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.
@cohentheblue @KennedyRichard @sebastian @PaulaToThePeople @MikeElgan
I've been using duck duck go for a long time, it finds things -
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 it all go into jensen pocket
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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/
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#Lobi 
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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 It is not so much a problem of those red and green stripes today. What you don't see here is that the cost those companies have is rising at a much larger speed than revenue. So the gap gets bigger all the time. Not sure if there is a way out of most of these companies getting bancrupt some point in the future. It can't go on like that indefinitely, not even for the big tankers.
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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 What's the I stand for again
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@MikeElgan I chuckled when I saw who was the only one making profit on it.
@Erzatz@mastodon.social @MikeElgan@mastodon.social when in 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/
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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"
