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

[thefeditest@mastodon.social]

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

[thefeditest@mastodon.social]

@MikeElgan

[turbulent@mastodon.social]

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

[happyborg@fosstodon.org]

@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.

[gordonmessmer@fosstodon.org]

@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?

(www.bloomberg.com)

[hatter@metasocial.com]

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

[soozcat@vmst.io]

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

[xs4me2@mastodon.social]

@MikeElgan

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

[normjess@tech.lgbt]

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

its making a killing off people wasting money

[finestructure@mastodon.social]

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

[wortex17@mastodon.gamedev.place]

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

[reiddragon@fedi.catto.garden]

@MikeElgan it's so funny how the one company making money is the one selling shovels

[julesbl@mastodon.me.uk]

@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

[hatter@metasocial.com]

@Wortex17 Ah so it is - nice contrast.

[sebastian@norrebro.space]

@julesbl @PaulaToThePeople @MikeElgan
Yes, that might become interesting ... Snake choking on its own tail ... Or rather its own excrements.
Perhaps new models of monetization? Content sweatshops (well, we kinda have those already)?
The degradation already shows ... The web drowning in its own slop.

[trenchworms@eldritch.cafe]

@MikeElgan

Omg bookmarked immediately.

I'm under the impression that Midjourney is profitable? (at least for now, lawsuits pending)

[natha@fosstodon.org]

@MikeElgan pure insanity

[gemlog@friendface.kalum.ca]

@mpjgregoire @ChrisMayLA6 @peterbrown

The link has a nice near real-time graph of the spending.
Only Nvidia has made any money.
Oracle hasn't lost anywhere near enough to suit me yet.


@MikeElgan

[cnx@awkward.place]

now you can keep track of how many billions in tax payers' money big statistics are planning to get bailed out

[xinit@mastodon.coffee]

@MikeElgan
"We'll make it up in volume!"
@jwz