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

[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.

[dckim@mastodon.social]

@MikeElgan I don't think that those companies would spend so much money, with such little short term return if it did not make sense to do it.

What do you think will be the longer term return? Is this a combined competitive loss? Are they each compelled to do this? It seems like a lot but, are any of these companies going broke on this?

What is the end-game here?

[fmd@mastodon.sdf.org]

@MikeElgan Is there any information on lifetime of these data center racks and cost of replacement? How is Moore's law on these Nvidia GPUs? If this stuff is getting superseded within a few years, are their capex forecasts allowing for that? It seems like a fresh competitor with more efficient algorithms and new generation of hardware could kill here. More deep seek type events etc.

[kronogarrett@meow.social]

@MikeElgan Burn, baby burn.

[only_ohm@mas.to]

@MikeElgan And yet there's no sign of the shareholders suing the directors for failing in their fiduciary duties, which I presume means the shareholders are bent as nine bob notes too.

[john_fisherman@mastodon.social]

@MikeElgan CLiMatE cHanGE MitiGatION is ToO ExpEnsIve, We CAN't!

[jumpmed@mastodon.social]

@azad @MikeElgan or by becoming so large (on paper) that when they fail the government pays out to prevent total collapse of the stock markets. We the people are left footing the bill even though we were collectively fighting against it the whole time.

[earthshine@masto.hackers.town]

@MikeElgan there are a few other winners like TSMC and Micron etc. In fact when you add all the economy propped up *by* this ai foolishness you get a huge bubble that's the primary thing keeping the markets afloat. Once AI companies finally fold under the pressure, I strongly suspect the rest of our economy to go down like a sinking ship, especially in the west.

[emmecola@fediscience.org]

@MikeElgan Some of these companies rely only on AI, while others have a diversified business. I think this will make a big difference in the long run