Comment on H&M to use digital clones of models in ads and social media
Powderhorn@beehaw.org 4 days agoProfits? What are these profits of which you speak? These firms are losing money hand over fist over other fist and promising investors they’ll make money Soon™.
I was working in tech ahead of the dot-com crash in 2000, and this is exactly what we were seeing. The tech wasn’t ready for what a number of companies were claiming. As my NDA with a defunct startup holds no water 25 years later, I’ll point out our business model was tablet development on the hardware side and roughly where search got to around 2015 on the software side.
The all-hands meeting where it was announced we were pivoting to just being a search engine (given established players were plentiful at the time; this is before the rise of Google) led me to quit. It was very clear to me – at 20 – that this was a road to nowhere.
I’ve seen this movie before. MBAs are fucking idiots.
marauding_gibberish142@lemmy.dbzer0.com 4 days ago
Truer words have never been spoken.
Powderhorn@beehaw.org 4 days ago
Moreover, the company name made no sense once the hardware portion was removed from the equation. They shut down six weeks after I left when the VC funding ran out and they couldn’t raise another round.
marauding_gibberish142@lemmy.dbzer0.com 4 days ago
How much VC/Microsoft funding does OpenAI have? Surely they can’t afford to keep burning cash like they are now? When will they make AI so expensive to use that it will become useless?
The only AI startup I care about is Mistral. Amazing models, altruistic attitude towards AI and software. In my opinion, one of the few great companies out there. Give them a few more years and I’ll consider them in the same league as Mullvad.
Powderhorn@beehaw.org 4 days ago
Altman claimed a need for $7 trillion to really get the job done. When Musk can’t cover the bill, maybe you’re just delusional.
Microsoft has sent at least $13 billion their way. And got the reviled Copilot for their troubles. They’re pulling back.
It’s completely absurd to me that as someone who didn’t even finish undergrad, the state of the emperor’s clothes is obvious, yet we’re playing this game of pretending there’s value where none exists. Nvidia is the only winner here. My guess is their shareholders are also going to get fucked without lube sometime in the near future.
Tablets obviously came to pass, but 2000 was not the correct time with the state of the art (resistive screens, anyone?). LLMs are currently here. I’d imagine we will get to the point of “AI” becoming AI, but it isn’t now. And you can’t will that into being, but at least we’re gutting research funding at the federal level to further gum up the works.
I tried out Mistral ahead of responding, going so far as to install the app. It’s uninspiring. The tech just isn’t there yet. I asked it about my job search, and it provided suggestions I’ve already been doing for years; upon providing clarification, it spat out more useless obvious things. Is the target market people who’ve never had a job before when asking such questions?
– sent from my Mulllvad VPN