Now you can keep track of how many billions the AI companies are losing on AI.
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@MikeElgan I first thought: bizarre, 1400 spent and 600 revenue, but the graphs say it's way less than half. Then I saw the winer at the bottom: NVIDIA. They have all the revenue.
@assimilateborg @MikeElgan Well... maybe. NVIDIA seems to be lending money to the frontier corporations in order to buy its own hardware, creating circular spending that inflates its stock price.
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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 Can we get NVidia and Micron in there for a bit of balance please ?
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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/
Imagine all that money being spent on healthcare, education, housing, infrastructure, sustainable energy and poverty?
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@MikeElgan So Nvidia's making a killing...?!
@dancingtreefrog @MikeElgan
Nvidia is selling the rest of the companies graphics cards to do AIits making a killing off people wasting 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 I was wondering how on earth they got to >600B revenue in total until I scrolled down far enough to see NVIDIA 🤪
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@MikeElgan Can we get NVidia and Micron in there for a bit of balance please ?
@hatter @MikeElgan nvidia is there on the page, just not on the screenshot
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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's so funny how the one company making money is the one selling shovels -
That's one aspect - #AI as a fossil fuel support industry.
Secondly, killing off the free information web, journalism, art, creativity for good - that's worth the initial losses.@sebastian @PaulaToThePeople @MikeElgan
The funny thing is that they utterly depend on those industries for content to train their lying machines, so its a bit hard to see a future for those machines -
@hatter @MikeElgan nvidia is there on the page, just not on the screenshot
@Wortex17 Ah so it is - nice contrast.
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@sebastian @PaulaToThePeople @MikeElgan
The funny thing is that they utterly depend on those industries for content to train their lying machines, so its a bit hard to see a future for those machines@julesbl @PaulaToThePeople @MikeElgan
Yes, that might become interesting ... Snake choking on its own tail ... Or rather its own excrements.
Perhaps new models of monetization? Content sweatshops (well, we kinda have those already)?
The degradation already shows ... The web drowning in its own slop. -
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/
Omg bookmarked immediately.
I'm under the impression that Midjourney is profitable? (at least for now, lawsuits pending)
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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 pure insanity
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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/
@mpjgregoire @ChrisMayLA6 @peterbrown
The link has a nice near real-time graph of the spending.
Only Nvidia has made any money.
Oracle hasn't lost anywhere near enough to suit me yet.
@MikeElgan -
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/
now you can keep track of how many billions in tax payers’ money big statistics are planning to get bailed out
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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
"We'll make it up in volume!"
@jwz -
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/
seeing amazon at the very top is both surprising and funny considering they don't even have a public ai product that i know of
I guess the companies losing the most are the ones actually building the datacenters, with the expectation that eventually usage will be so high that openai/anthropic/whoever will eventually be able to pay them back in rent?
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S simonjust@mstdn.dk shared this topic
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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 would be interesting to see IBM, SAP and Salesforce also in this dashboard.
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@julesbl @PaulaToThePeople @MikeElgan
Yes, that might become interesting ... Snake choking on its own tail ... Or rather its own excrements.
Perhaps new models of monetization? Content sweatshops (well, we kinda have those already)?
The degradation already shows ... The web drowning in its own slop.@sebastian @julesbl @PaulaToThePeople @MikeElgan Can't personal websites help with that?
Genuinely asking, not trying to be a smartass. I know the outlook isn't good, just thought that people should do their part individually as well.
I know creating and maintaining content isn't easy, nor cheap. But perhaps what the internet lacks is more people making simpler websites with real content. An interconnected yet decentralized/independent web of real content, like we had in the past.
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@sebastian @julesbl @PaulaToThePeople @MikeElgan Can't personal websites help with that?
Genuinely asking, not trying to be a smartass. I know the outlook isn't good, just thought that people should do their part individually as well.
I know creating and maintaining content isn't easy, nor cheap. But perhaps what the internet lacks is more people making simpler websites with real content. An interconnected yet decentralized/independent web of real content, like we had in the past.
@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.
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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 can't be right, OpenAI look like they're not entirely setting money on fire. I guess they have some very creative accounting tricks to make it look like they're only half going broke.
