• NekoKoneko@lemmy.worldEnglish
      35·
      2 days ago

      I made this comment elsewhere, but this also severely underplays how unprofitable AI is by counting hardware suppliers’ revenue as “profit.” AI profitability means to most people what AI itself generates, and counting the spend for buildout as “profit” is doubly wrong.

      Nvidia, Micron, AMD and others are selling shovels and mules in an irrational gold rush. A prospector can’t point to the money the prospector paid for shovels and a mule to claim prospecting is profitable.

      • OrganicMustard@lemmy.worldEnglish
        4·
        1 day ago

        Also it is not counting the AI debt the companies have been hiding off the balance. Some months ago it was reported a 420 billion gap of hidden debt just for Meta and a 3 trillion gap for the whole industry.

      • tburkhol@lemmy.worldEnglish
        13·
        2 days ago

        And no small part of that revenue is money that Nvidia and Micron “invested” in the companies paying them.

    • danc4498@lemmy.worldEnglish
      12·
      2 days ago

      1t net loss isn’t as bad as I was expecting. 12 months from now might be interesting

  • bridgeenjoyer@sh.itjust.worksEnglish
    7·
    2 days ago

    No no guys this is the same as electricity and the internet. Its inevitable and is definitely really good and youre all old men yelling at cloud going to be left behind.

    Trust us, give me money.