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

[deepfryed@fosstodon.org]

@MikeElgan wait a sec, are you saying Elon might be the smarter one here ?

[sstrader@masto.ai]

@n_dimension @MikeElgan Yeah, I sold my stock in Internet too early. Right before leadership at Internet brought it around and started turning a profit.

[azad@toot.community]

@MikeElgan I don't doubt that they will get all that money back, by selling it to the public, business, or get all the public's money by selling it to the government.
History has enough examples.

[oliver_schafeld@mastodon.online]

"Good Lord, where are they getting the money for this?"

And then you scroll up and that one single massive green bar…

🫨

Is AI Profitable Yet?

(isaiprofitable.com)

If the difference between red and green bar is the multiplier one can expect for any AI service subscription these companies offer, ouch.

[n_dimension@infosec.exchange]

@sstrader @MikeElgan

I have old print mags with "Internet" mastheads.

That'd pretty much what's inside.
Carnivores trying to monetise it

[n_dimension@infosec.exchange]

@harib_murshidi @MikeElgan

The internet.

You know, the nuclear resilient comms network.

You must have heard if it.

[bit@ohai.social]

@MikeElgan I just Love Meta's ROI.

[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.

[psyhackological@fosstodon.org]

@MikeElgan they're so generous for us

[dzwiedziu@mastodon.social]

@dancingtreefrog
In a gold rush sell the shovels.

…only that in this rush the leftover shovels can't be used for something else at the same scale.

Edit: unless by “making a killing” you mean “planning to murder us all for profit”.

@MikeElgan

[dzwiedziu@mastodon.social]

@MikeElgan
CC: @davidgerard

[elpasyou_2@mastodon.online]

@MikeElgan
And who's holding the neadle?

[piiiepsbrummm@chaos.social]

@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.

[foxontherun@mastodon.social]

@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.

[rhodium103@mastodon.social]

@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.

[crystal@hachyderm.io]

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

[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.

[himmelssohn@social.adlerhorst.net]

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

[zjb@mastodon.social]

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。

[thefeditest@mastodon.social]

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