- cross-posted to:
- usa@lemmy.ml
- cross-posted to:
- usa@lemmy.ml
You must log in or # to comment.
You have to make money to lose money.
*bubble pop!
I bet this is amazing for tax write off. With their already ridiculous tax break, this should pair well with it.
That’s like saying you’re glad you got paid less because that means you’ll pay less taxes.
I understand how dumb it sounds, but many companies benefit from losing money, but it doesn’t mean they are broke.
I thought for-profit companies were supposed to make a profit…
Well actually there is a long and rich history of companies that are able to operate at a loss using funds appropriated from sale of shares to investors, and this process continues so long as new investors keep buying in such that anybody selling out is covered by the new funds until enough people try to sell out that the price starts to plunge, although the collapse can be delayed by the company strategically buying back and occasionally splitting or reorganizing, meaning everyone gets their money back unless they sell too late.
You know.
A fucking Ponze Scheme.
Well that’s a damn good post Mr banjo
Oh honey, that hasn’t been true since 2008.
The government will bail out companies that get too big to fail. So investors want to loan money to companies so that those companies become too big to fail, so that when those investors “collect on their debt with interest” the government pays them.
They funded Uber, which lost 33 billion dollars over the course of 7 years before ever turning a profit, but by driving taxi companies out of business and lobbying that public transit is unnecessary, they’re an unmissable part of society, so investors will get their dues.
They funded Elon Musk, whose companies are the primary means of communication between politicians and the public, a replacing NASA as the US government’s primary space launch provider for both civilian and military missions, and whose prestige got a bunch of governments to defund public transit to feed continued dependence on car companies. So investors will get their dues through military contracts and through being able to threaten politicians with a media blackout.
And so they fund AI, which they’re trying to have replace so many essential functions that society can’t run without it, and which muddies the waters of anonymous interaction to the point that people have no choice but to only rely on information that has been vetted by institutions - usually corporations like for-profit news.
The point of AI is not to make itself so desirable that people want to give AI companies money to have it in their life. The point of AI is to make people more dependent on AI and on other corporations that the AI company’s owners own.
Its a bubble
Billions in investment. Trillions in speculation. All on something that makes less money than Genshin Impact.
Fun times.
Is that why MSFT dumped like 3.5% today?
Lol
What’s the deal with the “HPE” in some Register articles? It’s apparently the Hewlett-Packard Enterprise logo, but articles about HPE don’t appear to have that logo.
Is The Register affiliated with HPE now?
And that is probably only the beginning.
AI crash will be 11X bigger than subprime mortgage crash, also driven by mass stupidity.
The next movie will be titled: * The Big Shart*
This guys is jacked…jacked to the tits.
You too will soon be able to buy an abandoned datacenter for just $1,000.
Think of the gaming GPUs!
The GPUs are basically proprietary to the severs which are near proprietary to their racks/setups. I spent a few months on a contract quality testing new Nvidia graphics severs being assembled by a a Taiwanese company here in the states. From the liquid cooling built into the $2-4 million dollar rack to the proprietary network/data cables to transfer the information at the speeds they do, most people would have no way to use them.
Good.
Fuck AI, send it directly to hell.
AI is here to stay. AI is also in an unsustainable bubble. Both things are true
It’s useful. It wastes a lot of my time with its stupid bullshit. Both are true. 😆
Dotcom mkII
Well, browser usage is kinda dying off in lieu of apps :(
Words do not compute. Issuing a $1T IPO to Sam Altman.
The whole “AI” thing is one big grift.
I agree, and essentially they used slightly reworked old neural network technologies, increasing their power with the help of data centers.
Wow. Glad they just converted to a for profit entity! Can’t wait for them to unleash all this success on to the the general financial market.
IIRC, OpenAI lost $12b for all of 2024. CNBC reported that OpenAI restructuring this week, has MSFT not only with 27% equity stake, but a 20% royalty rate on revenue going forward which is certainly a nearly impossible hole for OpenAI to get out of.
OpenAI has published analytics on “suicide interactions” which proves that they mine their users data. Support for US military and Israel ensures that their mission is to destroy humanity, unless humanity pays it more to be more loyal to it. Everyone’s “don’t be evil” actually means “don’t be evil unless fascism pays more”
The Israel/US empire needs OpenAI to build ever bigger/more comprehensive models that are even more expensive to use than ChatGPT/Sora’s status as most expensive models. They need the analytics function to oppress population, and the empire is certain to side with OpenAI if it seeks revenue enhancement through theft of IP, including their users’ IP. It is dangerous for anyone to use OpenAI services because theft and oppression by empire condoned symbiosis is by design. But the race for ever larger more expensive models means trashing the previous generation models quickly, which means no time for ROI from development.
OpenAI will need massive military/government contracts to support its $1T in investment promises. All of those are to opppress Americans/humanity. Meanwhile, government has just sponsored 9 independent supercomputer projects, plu8s is dedicated to the MechaHitler vision of reality, and so OpenAI must commit to unrestrained evil in order to get their fair share of the oppression mission, and survive. Expect US government contracts to develop models for it, but with OpenAI profitting from government and private surveillance use.
