On the other hand, this factor might be the salvation: the current AI market is full of 2000-era-dot-com business models based on selling at a loss and making it up on the promise of global domination later.
Except of course, that’s all a lie and they can never remotely turn a profit. AI can’t perform anything that’s being promised, it’s not getting cheaper and it doesn’t noticeably improve where it matters.
You can see the cracks starting to form: The classical big tech players are already bailing out of AI-growth, microsoft, oracle, amazon are opting out of their growth and not investing anymore. And of course they are, Amazon pumped over 200 billion into AI, and are turning 5b revenue. Not profit, revenue. They’re not making any profit, despite 200b of investment.
Soon enough, Open-AI too is going to fail under the strain of their immense and constant losses when the people who keep pumping venture capital stop doing that. I’ll eat my hat if they last into 2028.
Except of course, that’s all a lie and they can never remotely turn a profit. AI can’t perform anything that’s being promised, it’s not getting cheaper and it doesn’t noticeably improve where it matters.
You can see the cracks starting to form: The classical big tech players are already bailing out of AI-growth, microsoft, oracle, amazon are opting out of their growth and not investing anymore. And of course they are, Amazon pumped over 200 billion into AI, and are turning 5b revenue. Not profit, revenue. They’re not making any profit, despite 200b of investment.
Soon enough, Open-AI too is going to fail under the strain of their immense and constant losses when the people who keep pumping venture capital stop doing that. I’ll eat my hat if they last into 2028.