Now you can keep track of how many billions the AI companies are losing on 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
What's NVidia's one weird trick? -
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/
@davidgerard You've likely seen this but in any case...
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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 the problem is they don't care how many billions they lose, in this market what matters is getting your stock price pumped as high as possible which is very stupid and hurts consumers a lot while benefiting idiot investors who would buy shares of dog turds if they had "AI" written on them -
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 another 1 billion!
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"Venture capital looks at valuations and growth, not necessarily at profit or revenue. So you don’t actually have to invest in technology that works, or that even makes a profit, you simply have to have a narrative that is compelling enough to float those valuations. So you see this repetitive and exhausting hype cycle as a feature in this industry. A couple of years ago, you would have been asking me about the metaverse, then last year, you would have asked me about Web3 and crypto, and for each of these inflection points there’s an Andreessen Horowitz manifesto."
"It’s not simply that one piece of technology is overhyped, it’s that hype is a necessary ingredient of the current business ecosystem of the tech industry. We should examine how often the financial incentive for hype is rewarded without any real social returns, without any meaningful progress in technology, without these tools and services and worlds ever actually manifesting. That’s key to understanding the growing chasm between the narrative of techno-optimists and the reality of our tech-encumbered world."
— Meredith Whittaker, Signal CEO, to Derek Robertson. "5 Questions for Meredith Whittaker". Politico, 2023-12-01.
If the C level at all those companies burning budget on AI also holds Nvidia stock…
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