Current Events > Reminder: no company has figured out how to make money off of AI

(+) Yeah! (+)

Musk's company is spending $1 billion a month on it that they absolutely aren't making back.
https://bsky.app/profile/peark.es/post/3lrt2wbnrwk22

But even OpenAI is a money sink

OpenAI is cutting prices in the hopes that more companies will subscribe to the service where they lose money on every subscriber
https://bsky.app/profile/edzitron.com/post/3lrvebqsmoc2c

Well, they don't have to pay employees

Define AI? Plenty of firms are implementing decision analysis to their benefit.

Companies are trying to be loss leaders on tech that will inevitably make loads of money in the future, assuming something out of left field doesn't disrupt that. We're far too early for 90% of the shit they're trying to shill.

But they have to be the first to capture the market so they can have a monopoly on not making money!

There's companies that train ai for other companies.

Turbam posted...

There's companies that train ai for other companies.

And then the new AI will train even more AI until they decide they don't need us humans any longer.

HylianFox posted...

And then the new AI will train even more AI until they decide they don't need us humans any longer.

No it won't.

1 billion a month is insane.

There's a million different ways to make money off of it, they're just not profitable due to the enormous compute and infrastructure costs. OpenAI (and others) are playing the long-game.

Amazon took a decade to make money.

McSame_as_Bush posted...

Amazon took a decade to make money.

And now they rule us all

Just like AI will

I think many companies have figured out how to make money off of AI.

1) find some cost-cutting use of AI in your company
2) let openAI foot the real bill, they're the ones operating at a loss
3) you make money at their expense

Nvidia would like to have a word with you though. There's definitely a few.

It's all one big scam, and it's pretty profitable for the scammers. But don't let any AI shills hear that.

Arcanine2009 posted...

Nvidia would like to have a word with you though. There's definitely a few.

AI outside of medical, research, and paperwork is basically to just keep the hype train rolling so nVidia can continue being the garbage company it has been for over a decade.

R_Jackal posted...

AI outside of medical, research, and paperwork

to be fair, a significant number of jobs currently are essentially "paperwork"

They probably are but they overhyped it to an unrealistic degree. Just like they did NFTs and crypto before it.

kirbymuncher posted...

to be fair, a significant number of jobs currently are essentially "paperwork"

I know that, but AI can't be trusted enough yet to actually get things right regularly enough. Outside of summarizing or making the tasks easier they're not good enough to fully automate a very large portion of these.

Qualcomm's Snapdragon SoC has a dedicated processing unit just for AI. It's in basically every new lightweight laptop.

Subscription prices will go up, competition will consolidate, performance enhancements etc, and then eventually one or two companies will manage to make money

It's like a forklift that can maybe lift 5 pounds.

If you can't lift 5 pounds then maybe this is the forklift for you.

However I can easily lift 50 or even 100 pounds, so I really don't need that forklift.

Then you tell me the forklift was stolen. Okay I really don't want it now.

Now your telling me that the stolen forklift that can only lift 5 pounds anyway costs 100,000 dollars in maintenance per month.

We might consider that this forklift fucking sucks, and that they guy trying to sell it to me should fuck off.

Palantir is profitable.