Comment on The rich passing our money back & forth
Kraiden@piefed.social 3 days ago
Oh it’s so much worse than that…
(I can’t figure out how to get a timestamped link on mobile. Skip to 29:34)
Comment on The rich passing our money back & forth
Kraiden@piefed.social 3 days ago
Oh it’s so much worse than that…
(I can’t figure out how to get a timestamped link on mobile. Skip to 29:34)
Rothe@piefed.social 2 days ago
Yeah, Anthropic and OpenAI are around a trillion dollars in debt to all these companies, they are never going to be profitable, it is physically impossible for them to do that.
And all these companies have hitched their main business model on AI (for Microsoft it is around 70%), so they will get massively hit when the bubble bursts. They can’t allow that, so they just keep pumping more money into them, making the bubble bigger and bigger.