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

[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

[alloyed@chitter.xyz]

@MikeElgan

seeing amazon at the very top is both surprising and funny considering they don't even have a public ai product that i know of

I guess the companies losing the most are the ones actually building the datacenters, with the expectation that eventually usage will be so high that openai/anthropic/whoever will eventually be able to pay them back in rent?

[marix1@mastodon.social]

@MikeElgan It would be interesting to see IBM, SAP and Salesforce also in this dashboard.

[kennedyrichard@fosstodon.org]

@sebastian @julesbl @PaulaToThePeople @MikeElgan Can't personal websites help with that?

Genuinely asking, not trying to be a smartass. I know the outlook isn't good, just thought that people should do their part individually as well.

I know creating and maintaining content isn't easy, nor cheap. But perhaps what the internet lacks is more people making simpler websites with real content. An interconnected yet decentralized/independent web of real content, like we had in the past.

[kennedyrichard@fosstodon.org]

@sebastian @julesbl @PaulaToThePeople @MikeElgan I myself have a couple domains for a couple of years and only recently started writing small articles/essays. It is not much but it is nonetheless a fresh cup of water in a vast desert of disinformation and slop.

[carbsrule_en@polyglot.city]

@MikeElgan that can't be right, OpenAI look like they're not entirely setting money on fire. I guess they have some very creative accounting tricks to make it look like they're only half going broke.

[gokushrm@mastodon.social]

@MikeElgan nice

[gbargoud@masto.nyc]

@deepfryed @MikeElgan

xAI's ratio seems to be even worse than Meta's although the actual numbers are better than most.