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CIRCLE WITH A DOT

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  3. Now you can keep track of how many billions the AI companies are losing on AI.

Now you can keep track of how many billions the AI companies are losing on AI.

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machinesociety
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  • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

    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/

    #MachineSociety

    piiiepsbrummm@chaos.socialP This user is from outside of this forum
    piiiepsbrummm@chaos.socialP This user is from outside of this forum
    piiiepsbrummm@chaos.social
    wrote last edited by
    #17

    @MikeElgan #ALT4you
    Partial screenshot of the linked page. It lists companies investing into AI. It shows as a bar chart how much they spent and earned from the technology. The list is sorted by spending.

    1 Reply Last reply
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    • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

      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/

      #MachineSociety

      foxontherun@mastodon.socialF This user is from outside of this forum
      foxontherun@mastodon.socialF This user is from outside of this forum
      foxontherun@mastodon.social
      wrote last edited by
      #18

      @MikeElgan For them it is ok as long as they can still fire people, makeing folks addicted, selling there Shit (their philosophie) for true to consumers, pretend that machines can be creative and emphatic. This is the biggest fake news industry ever.

      1 Reply Last reply
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      • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

        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/

        #MachineSociety

        rhodium103@mastodon.socialR This user is from outside of this forum
        rhodium103@mastodon.socialR This user is from outside of this forum
        rhodium103@mastodon.social
        wrote last edited by
        #19

        @MikeElgan
        That Meta income rounding down to zero is the funniest. The company that's running its flagship website into the ground and spent billions on a VR 'verse that they canned after a month can't make income from AI? I am Jack's complete lack of surprise.

        1 Reply Last reply
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        • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

          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/

          #MachineSociety

          crystal@hachyderm.ioC This user is from outside of this forum
          crystal@hachyderm.ioC This user is from outside of this forum
          crystal@hachyderm.io
          wrote last edited by
          #20

          @MikeElgan Hmm I wonder who's benefiting from all this wasteful bullshit

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          • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

            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/

            #MachineSociety

            assimilateborg@kind.socialA This user is from outside of this forum
            assimilateborg@kind.socialA This user is from outside of this forum
            assimilateborg@kind.social
            wrote last edited by
            #21

            @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.

            gordonmessmer@fosstodon.orgG 1 Reply Last reply
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            • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

              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/

              #MachineSociety

              himmelssohn@social.adlerhorst.netH This user is from outside of this forum
              himmelssohn@social.adlerhorst.netH This user is from outside of this forum
              himmelssohn@social.adlerhorst.net
              wrote last edited by
              #22

              @MikeElgan
              Apart from NVidia, these sums would be a massive economical booster program, if the money went into real world businesses.

              1 Reply Last reply
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              • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                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/

                #MachineSociety

                zjb@mastodon.socialZ This user is from outside of this forum
                zjb@mastodon.socialZ This user is from outside of this forum
                zjb@mastodon.social
                wrote last edited by
                #23

                这网站挺直观的,红绿对比一看就知道烧钱有多猛。AI搞到现在到底能不能赚钱,感觉还早得很啊。

                1 Reply Last reply
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                • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                  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/

                  #MachineSociety

                  T This user is from outside of this forum
                  T This user is from outside of this forum
                  thefeditest@mastodon.social
                  wrote last edited by
                  #24

                  @MikeElgan as Putin would say: "It is not a fall it is a negative growth"

                  T 1 Reply Last reply
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                  • T thefeditest@mastodon.social

                    @MikeElgan as Putin would say: "It is not a fall it is a negative growth"

                    T This user is from outside of this forum
                    T This user is from outside of this forum
                    thefeditest@mastodon.social
                    wrote last edited by
                    #25

                    @MikeElgan 🤣

                    1 Reply Last reply
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                    • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                      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/

                      #MachineSociety

                      T This user is from outside of this forum
                      T This user is from outside of this forum
                      turbulent@mastodon.social
                      wrote last edited by
                      #26

                      @MikeElgan Funny how OpenAI in this context looks almost profitable yet it's often predicted to go down first

                      1 Reply Last reply
                      0
                      • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                        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/

                        #MachineSociety

                        happyborg@fosstodon.orgH This user is from outside of this forum
                        happyborg@fosstodon.orgH This user is from outside of this forum
                        happyborg@fosstodon.org
                        wrote last edited by
                        #27

                        @MikeElgan that's a great visualisation. So #Nvidia is the only company shown that is profiting. I wonder which other sectors or companies are raking it in. I was thinking cloud, but look at Amazon. Surely some are profiting? And 👍 to see where the funding is coming from.

                        Also, I hope he'll add a time based graph so we can watch the trend, but this is awesome.

                        gepasi@fediscience.orgG 1 Reply Last reply
                        0
                        • assimilateborg@kind.socialA assimilateborg@kind.social

                          @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.

                          gordonmessmer@fosstodon.orgG This user is from outside of this forum
                          gordonmessmer@fosstodon.orgG This user is from outside of this forum
                          gordonmessmer@fosstodon.org
                          wrote last edited by
                          #28

                          @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.

                          Bloomberg - Are you a robot?

                          favicon

                          (www.bloomberg.com)

                          1 Reply Last reply
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                          • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                            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/

                            #MachineSociety

                            hatter@metasocial.comH This user is from outside of this forum
                            hatter@metasocial.comH This user is from outside of this forum
                            hatter@metasocial.com
                            wrote last edited by
                            #29

                            @MikeElgan Can we get NVidia and Micron in there for a bit of balance please ?

                            wortex17@mastodon.gamedev.placeW 1 Reply Last reply
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                            • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                              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/

                              #MachineSociety

                              soozcat@vmst.ioS This user is from outside of this forum
                              soozcat@vmst.ioS This user is from outside of this forum
                              soozcat@vmst.io
                              wrote last edited by
                              #30

                              @MikeElgan Faster, Amazon, faster! Let's see you catch on fire!

                              1 Reply Last reply
                              0
                              • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                                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/

                                #MachineSociety

                                xs4me2@mastodon.socialX This user is from outside of this forum
                                xs4me2@mastodon.socialX This user is from outside of this forum
                                xs4me2@mastodon.social
                                wrote last edited by
                                #31

                                @MikeElgan

                                Imagine all that money being spent on healthcare, education, housing, infrastructure, sustainable energy and poverty?

                                1 Reply Last reply
                                0
                                • dancingtreefrog@mastodon.socialD dancingtreefrog@mastodon.social

                                  @MikeElgan So Nvidia's making a killing...?!

                                  normjess@tech.lgbtN This user is from outside of this forum
                                  normjess@tech.lgbtN This user is from outside of this forum
                                  normjess@tech.lgbt
                                  wrote last edited by
                                  #32

                                  @dancingtreefrog @MikeElgan
                                  Nvidia is selling the rest of the companies graphics cards to do AI

                                  its making a killing off people wasting money

                                  1 Reply Last reply
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                                  • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                                    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/

                                    #MachineSociety

                                    finestructure@mastodon.socialF This user is from outside of this forum
                                    finestructure@mastodon.socialF This user is from outside of this forum
                                    finestructure@mastodon.social
                                    wrote last edited by
                                    #33

                                    @MikeElgan I was wondering how on earth they got to >600B revenue in total until I scrolled down far enough to see NVIDIA 🤪

                                    1 Reply Last reply
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                                    • hatter@metasocial.comH hatter@metasocial.com

                                      @MikeElgan Can we get NVidia and Micron in there for a bit of balance please ?

                                      wortex17@mastodon.gamedev.placeW This user is from outside of this forum
                                      wortex17@mastodon.gamedev.placeW This user is from outside of this forum
                                      wortex17@mastodon.gamedev.place
                                      wrote last edited by
                                      #34

                                      @hatter @MikeElgan nvidia is there on the page, just not on the screenshot

                                      hatter@metasocial.comH 1 Reply Last reply
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                                      • mikeelgan@mastodon.socialM mikeelgan@mastodon.social

                                        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/

                                        #MachineSociety

                                        reiddragon@fedi.catto.gardenR This user is from outside of this forum
                                        reiddragon@fedi.catto.gardenR This user is from outside of this forum
                                        reiddragon@fedi.catto.garden
                                        wrote last edited by
                                        #35
                                        @MikeElgan it's so funny how the one company making money is the one selling shovels
                                        1 Reply Last reply
                                        0
                                        • sebastian@norrebro.spaceS sebastian@norrebro.space

                                          @PaulaToThePeople @MikeElgan

                                          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.

                                          julesbl@mastodon.me.ukJ This user is from outside of this forum
                                          julesbl@mastodon.me.ukJ This user is from outside of this forum
                                          julesbl@mastodon.me.uk
                                          wrote last edited by
                                          #36

                                          @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

                                          sebastian@norrebro.spaceS bob_zim@infosec.exchangeB 2 Replies Last reply
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