Shared in Technology@lemmy.world a day ago
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Blackmist@feddit.uk 9 hours ago
I do wonder how some of these companies intend to actually make money with it.
Anthropic, fair enough, they’ve convinced companies to spend huge amount of money making sure that programmers can’t remember anything or know what that mass of spaghetti does any more.
And MS, presumably it’s all companies spending money on Office 365 Copilot so emails get put in automated holding patterns, and quarterly reports get flashier graphs.
Nvidia, they sell shovels.
But Meta? Their entire business model is scraping data from real people, packaging and selling it to far right politicians and scammers. I’m struggling to figure how AI does anything other than fuck that up.
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OctopusNemeses@lemmy.world 2 hours ago
The main product they’re pushing is Muse. It’s a glorified Bonzi Buddy. A chat bot. They’re screwed unless they have an enterprise LLM product. I don’t know if they do.
Facebook remade the world. It was a one in a generation thing. Zuck isn’t escaping the allegations that he was in the right place at the right time for that. He’s not going to catch lightning in a bottle twice.
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green_goglin@thelemmy.club 10 hours ago
META will be bankrupt within 5 years according to the bond & credit markets. META’s Credit Deault Swaps are surging — lol.
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MortUS@lemmy.world 16 hours ago
Oh yeah, I’m sure they’ll out him any day now…
This article, like many futurism articles, is conditioning. It’s wild Futurism gets glazed so much on tech lemmy.
As the Wall Street Journal phrased it…
fkn lol
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TankovayaDiviziya@lemmy.world 10 hours ago
I was reading an article many years ago about Mark Zuckerberg being obsessed with Machiavellianism and reading sources about it. I’m sure he has thought just about everything to retain power.
DaveyRocket@lemmy.world 16 hours ago
On to the next idea that is clearly a failure at inception to everyone but Zuckerfuck and his circle of sycophants
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CaliforniaSober@lemmy.ca a day ago
Oh come on! Just look at how visionary his whole vr thing was… Right META?
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Not_mikey@lemmy.dbzer0.com a day ago
he also got the company to pay for his billionaire tax if it passes
He’s got to be costing more then he’s worth, and at this point he probably has a smaller minority of stock so idk why they keep him around
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Philippe23@lemmy.ca 10 hours ago
A.) Meta’s issuing new shares for this, so it’s shareholders, not the company, that are going to pay his tax bill.
B.) The deal is issuing non-voting shares so he still holds the majority of shares that matter after this.
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SaharaMaleikuhm@feddit.org a day ago
I am pretty sure he still holds a majority of shares. He is clinging to that for dear life
MushuChupacabra@piefed.world a day ago
They needed to make moves when he was doing his stupid metaverse hobby/project.
Now they’re hemorrhaging money.
Get rid of that liability.
Arsecroft@lemmy.sdf.org a day ago
they cant get rid of him, lol
he’s gonna run it aground at full speed
he’ll be fine though
ddh@lemmy.sdf.org a day ago
he’s gonna run it aground at full speed
Please move fast and break the thing
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SaveTheTuaHawk@lemmy.ca a day ago
If they don’t get rid of him, they are liable to investor lawsuits.
CapuccinoCoretto@lemmy.world a day ago
No. Keep him. Hemorrhage more money. Go bankrupt. Zuck can become destitute, homeless, depressed, and addicted to opioids before an untimely death. He will not be mourned.
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0tan0d@lemmy.world 10 hours ago
I cant what for them to try to argue meta’s loss would do any harm to society
Bahnd Rollard@lemmy.world a day ago
Exactly, never inturupt your enemy when they are making a mistake.
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humanspiral@lemmy.ca a day ago
Definitely massive risk. They are giving away about $200-$400/week user credits for their Muse agent. Hardly anyone would need more than that, but it requires giving them credit card info. Massive competition being released in this personal agent space, just a few weeks after their rollout.
SpaceX is going even more nuts. Musk is a fraud supported by Zionist first political rule over US with support for his fraud, but 1.3gw of “spec” datacenters comming online in next 3 months is 5x the hourly gpu rental inventory in the US. BS goal about 10gw extra in 2027 is still gross overspending that makes everyone else go bankrupt from Nvidia price hikes. Grok and Cursor revenue combined still under $1b (last quarter). Zionazi circular financing for GOP corruption will starve rest of industry from access to capital.
IPOs are failing everywhere. UAE being forced geopolitically to bail out OpenAI with $30b, because they are out of cash. Coreweave needs $2b cash just to make it to end of year, but no one will give it to them. SpaceX in similar cash burn rate.
SpaceX and Meta are both building to just rent GPUs to desperate labs without firm contracts. All labs have separate plans. Coreweave gives massive discounts that force structural losses before impossible interest costs, and Nvidia’s power to charge whatever it wants for delivery. Collapse is very near.
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Modern_medicine_isnt@lemmy.world 16 hours ago
So wait. What is the story with coreweave. You mentioned labs desperate for gpu, and there very much is a shortage. Coreweave rents that. So they should be making miney handover fist.
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humanspiral@lemmy.ca 7 hours ago
Coreweave makes long term revenue deals before building anything, but they charge too little. They are forced to accept whatever price hikes Nvidia tells them to pay, and are running out of cash in next 2 months, with borrowing rates over 15% to get more cash. In last quarter, their average interest rate was over 8%, and even if they used a 10 year depreciation schedule, they would still have lost money.
When hourly GPU rental prices go up, coreweave doesn’t make more money. They have tiny spot inventory. It is also a lie that there is gpu shortages, because if there were, there wouldn’t be such rapid model releases. NVidia GPUs are only competitive at training, but if there were any genuine scarcity, new models would come out slower so that inference/revenue making could be prioritized.
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Scrollone@lemmy.zip a day ago
I can’t wait to buy a video accelerator and hard disks for cheap again. So I can’t wait for the AI bubble to pop. The only problems is that the whole economy will tank at the same time…
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humanspiral@lemmy.ca 7 hours ago
End of natural financing availability seems certain to collapse the sector, and a more cannibalistic attitude in finance can reset the industry into more concentrated ownership, while also eliminating rational financing appetite. Aggression by META and SPCX should cutoff hyperscaler circular financing that would assist their ambitions to surpass them, or diminish their other circular investments.
Still, a global zionist supremacist establishment needs to preserve itself with robocops. $30b from UAE, and feeding Musk’s electoral spending is “bailout mentality” that most of congress will still want to protect. US military buying Spacex/Meta compute rental is the simplest bailout mechanic. So, rampocalypse hell will continue until morale improves, will have full establishment backing.
Glitchvid@lemmy.world a day ago
As someone with plans to work in the software dev sector, it’s just bad news no matter what. AI turns out to be magic, no jobs. Industry crashes because of the bubble, no jobs.
