that's a lot of ephemeral tech jobs, hope everyone has plan B

I can imagine one - maintaining adversarial interop with proprietary systems. Like a self-adjusting connector for Facebook for some multi-protocol chat client. Or if there's going to be a Usenet-like system with global identities of users and posts, a mapping of Facebook to that. Siloed services don't expose identifiers and are not indexed, but that's with our current possibilities. People do use them and do know with whom they are interacting, so it's possible to make an AI-assisted scraper that would expose Facebook like a newsgroup to that.

Ah. Profitable. I dunno.

I wanna see a breakdown of cost vs revenue for each big tech and their AI stuff.

I know it’s all negative, I wanna know who is the most negative. My money is on google.

I hate these fucking articles. That’s how it works with every new tech/industry etc. Everyone spends billions and billions hoping it becomes profitable 10-20 years from now, maybe it does maybe it doesn’t, we can’t know but that’s how this shit has always and will always work for basically every new tech or research that happens.

Maybe complain about countries not taxing corporations enough, but not how new industries and technologies are funded.

This analyses what’s publicly known: https://www.wheresyoured.at/the-haters-gui/?ref=ed-zitrons-wheres-your-ed-at-newsletter

Proper AI or LLM?

Where they get their money from ?

Not these kind of figures. Only a quarter of countries have annual GDPs larger than what's been spent so far this year. This is on a scale not seen before.

What makes it worse is that it's being spent on something which consumes huge resources and has no purpose except giving a few people more power as they would control what these systems would say is true.

This snippet summarizes my AI forced into everything experience, especially when I was prompted to have my text message summarized. I said no, and the message was "Ok"

What text messages are being sent that need to be summarized?

which mostly means that Apple aggressively introduced people to the features of generative AI by force, and it turns out that people don't really want to summarize documents, write emails, or make "custom emoji," and anyone who thinks they would is a fucking alien.

Great analysis. I still have no idea how they think they will ever make their money back.

Transatlantic telegraph, I think, was very expensive, or Panama channel projects. Before they were finished to any useful degree.

In this particular case - I don't think it's more expensive than Soviet attempts at turning Kazakh steppe into agricultural land, let alone all the space and defense projects.

It's an ideology-driven effort all right - an idea that you can create an inherently totalitarian technology. Probably caused by the popular (in the 90s and early 00s) belief that the Internet is inherently anti-totalitarian, so there's a need to compensate. Both are wrong.

You mean when the bubble bursts and there are lots of people who worked on this available on the job market?

I'd expect them to be big data specialists, mostly knowledgeable in Python and matrix operations, narrow optimizations needed there, and not very competitive for other typical tech specialties.

They'll just have to become data analysts, assistants in labs working on things like genome analysis, and so on. Perhaps medical RnD will get a boost due to all the willing slaves, LOL.

And I haven't touched any of it.

Kinda hard to touch bits

That just shows that some parts of the economy have far too much money. And it's all going to nvidia

What? I touch mine all the time!

I think there was an inherent demand behind those examples though. Just the number of lives lost looking for the northwest passage showed how useful the Panama canal would be.

You're also comparing government spending in a lot of those cases Vs private capital. That fact shows how much power has shifted in the world already.

Anyone remember the dot-com bubble?

It’s the most inefficient technology but praised as the most efficient because it simply runs on investor money. But that well will run dry eventually and who will bear the cost then? Consumers without jobs?

I'm honestly hoping for a repeat. Hopefully Microsoft goes down this time too, since they're heavily into AI. Twitter, Meta, Google and Amazon too. It's really just the worst of the worst.

Ironically, Apple has some of the best odds of coming out of this reasonably healthy. “Apple Intelligence” follows the trend of most Apple services products, in that it is really intended to lock people into their ecosystem and keep buying iPhones. I’m just waiting for someone in the big 7 or whatever they’re called to publicly bow out of AI. I suspect the first one to do it might benefit a lot.