The difference here is these AI companies have never been profitable and there is no telling if a bailout will even get them to profitability, it just gives them another few years until they need another cash infusion.
Currently my prediction is that OpenAI's IPO will likely blow up in much the same way that WeWork's IPO blew up and that will likely be the start of the great AI bubble burst.
Does Gemini's existence directly dictate 10-20% of your consumer spending?
(In a world of extreme wealth inequality) Now how about Paul Allen's consumer spending?
Sure, a Nest thermostat doesn't allow you to converse with a large language model but it's still advertised as with AI.
I think the difference is really Google had an existing business that they can augment with new technologies while a lot of these other companies are a solution in search of a product.
GM made it, but quite a bit of their family didn't.
I would be happy to see the Microsofts being forced to choose between axing something like Xbox and Office to survive the 2030s due to AI becoming a brown turd investment. That would be wild.
The question remains, "Who is going to bell the cat?"
Wouldn't say he's been wrong for 10 years, but agree his moves shouldn't be trusted blindly. Like all investors it's calculated risks
He took it in the shorts while trying to short TSLA, he’s not a Market Oracle.
Sam says they are spending $1.4T on data centers although they only have $14bn/yr in income and are loss making. When asked how that works he gets defensive.
And the OpenAI CFO Sarah Friar was talking about:
>"Meaning like a federal subsidy or something?" asked WSJ tech and media editor Sarah Krouse.
>Friar replied, "Meaning like just first of all, the backstop, the guarantee that allows the financing to happen, that can really drop the cost of the financing...
OpenAI say people are taking that out of context and they don't want guarantees for data centers.
techblueberry•3mo ago
zerosizedweasle•3mo ago
techblueberry•3mo ago
treetalker•3mo ago
V__•3mo ago
tekbruh9000•3mo ago
Only 4% hunt in the US anymore. When is the last time you sewed a shirt? Grew a carrot? 100 years ago everyone had manual labor skills, even the rich. Musk and Zuckerberg live the same prisoner's dilemma.
Our lived experience informs us revolution is certain doom as we watch ourselves live daily routines that only require the smallest obligation to ourselves; eat, shower, sleep, computer.
~84% live less than 100 miles from their childhood home. Americans are fine being sedate and cared for despite the rhetoric they're rugged individuals.
Office workers need to learn how to grow potatoes and rotate a tire first.
The best kind of revolt would be a methodical Luigi style pruning. Simpsons made that joke 20+ years ago; you'd have to kill 50 CEOs to see certain changes[1]. That's included here to demonstrate how normal and old the issue is.
Inflation since 1980 is 297%. Slow steady deflation of buying power into helplessness was not an accident.
[1] https://www.reddit.com/r/simpsonsshitposting/comments/1hios5...
zerosizedweasle•3mo ago
tekbruh9000•3mo ago
There is no simple binary choice. Inequality has been growing for decades. We've been discussing the unfairness the entire time. No revolutions.
krustyburger•3mo ago
The actual Simpsons joke had nothing to with either health care or CEOs. That subreddit is for making memes around classic Simpsons references, not a repository for them.
If you can’t even get the Simpsons right, I’m more than skeptical of the various statistics you cited but didn’t bother providing sources for.
tekbruh9000•3mo ago
krustyburger•3mo ago
And you cited a post-Luigi meme using The Simpsons as evidence of something having been mainstream during the time of The Simpsons. With a fancy citation and everything!
tekbruh9000•3mo ago
Not so much today where media is obsessed with fan service, probably to manipulate their perception of the world and keep them addicted. They need a lot of you's out there sweating the details, coming back for another bump.
"Fancy" citation when such things are commonplace. "Everything" yet more hand wavy melodramatic emotional terminology.
Your posts aren't constructive at all. Ignoring the painting to argue over a couple brush strokes, as they are terribly offensive to your sensibilities. If we were in a room together I would expect you to pull a up turns nose good day, sir!
You might consider going outside as circling trivialities with such emotional conviction is unhealthy.
Just went on a 5 mile walk myself. Feels good man.
krustyburger•3mo ago
Or do you mean you understood the meme you found in /r/simpsonsshitposting and then claimed was from thirty years ago and showed that The Simpsons writers had pointed out the necessity of killing CEOs?
Before you try to use The Simpsons references to add credibility to your edge-lord political arguments you should try watching the show. Maybe after your next walk?
PeterStuer•3mo ago
pengaru•3mo ago
nit: dissent
PeterStuer•3mo ago
In before: No. It is not because English is not my native language. My spelling is actually worse in Dutch, amd I do not mind whatsoever people pointing out my misspellings.
jqpabc123•3mo ago
bediger4000•3mo ago