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

[tbodt@mastodon.social]

@GossiTheDog this isn't the full picture considering all these companies are buying from or investing in each other

[liam_dh@mastodon.social]

@GossiTheDog right but ultimately, are they losing money or are they losing ours (public money)? How much public spending goes into AI worldwide? Why should they continue this business model if its not profitable?

[gossithedog@cyberplace.social]

Companion piece.

[tdp_org@mastodon.social]

@GossiTheDog Can't wait for the inevitable multiple orders of magnitude price rises once everyone's hooked.
Old school drug dealer tactics, the first few hits are free...

[tdp_org@mastodon.social]

@GossiTheDog Can't wait for the inevitable multiple orders of magnitude price rises once everyone's hooked.
Old school drug dealer tactics, the first few hits are free...

[bontchev@infosec.exchange]

@GossiTheDog I'm surprised that Anthropic's revenue is so close to the bottom. The boss recently bought me an individual Claude subscription and it's been great (I can do 9 times more than with the free version). But there's no way in hell we'd pay real money for any of the others.

[jb@masto.hackers.town]

@GossiTheDog

During Gold Rush era San Francisco, the two types of people who actually got rich were grifters defrauding people, and those selling shovels and other gear to hopeful would be miners.

[perrin42@mastodon.social]

@GossiTheDog

Lot of circles following those arrows...

[rev_null@infosec.exchange]

@GossiTheDog Seems like the startups have figured out they can beat the established giants by getting them to bankrupt themselves.

[twifkak@mas.to]

@GossiTheDog Yes, those green bars are much bigger than in reality because of this. In their disclaimer section:

> The AI economy is circular: Google funds Anthropic, Anthropic runs on Google Cloud, Amazon funds Anthropic, Microsoft co-invests with OpenAI. This means aggregate industry figures double-count some revenue flows.

[seb@gruene.social]

@GossiTheDog I guess Nvidia is pretty happy as-is but I do wonder if we won't see issues for them too down the line - the more expensive/unavailable hardware becomes the more the consumer market will adapt to this new ceiling, countries that have been talking about hardware dependency will start manufacturing chips and so on. We will see.

[bedifferent@mastodon.social]

@GossiTheDog ? When companies or concepts start up, isn't spending always going to be > than revenue? You're supposed to be building a product (sw, hw, a human being) so the initial outlay will be bigly greater.

What am I not seeing? AI is bad. It's released like Bill Gates released his prototype product that I don't think ever went off without a bunch of glitches. TEST first for months or years then release the damn product unless you want a bunch of stupid/ignorant ppl ... (hey, a goal).

[carpetbomberz@mastodon.online]

@GossiTheDog

It's one giant circle-jerk

[defectivewings@infosec.exchange]

@GossiTheDog
If not bubble why bubble shaped?

[netraven@hear-me.social]

@GossiTheDog don't tell nasdaq.