Big tech has spent $155 billion on AI this year. It’s about to spend hundreds of billions more
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Those numbers seem odd to me. I feel like the truth is 1 billion was spent on productive programmers and hardware. The small remainder of 154 billion was used to improvise profit growth through totally valid payment to some CEOs ego account.
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The hype for AI is ridiculous:
HP acquiring parts of AI Pin startup Humane for $116 million
HP is acquiring Humane’s AI tech and talent for $116 million—but the AI Pin, once hyped as a smartphone alternative, is officially being shuttered.
Fortune (fortune.com)
They see Meta paying $200 mil or more to get a single employee and think about half that is a steal for a whole team of failed AI centric people
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Those numbers seem odd to me. I feel like the truth is 1 billion was spent on productive programmers and hardware. The small remainder of 154 billion was used to improvise profit growth through totally valid payment to some CEOs ego account.
Nobody seems to have noticed that the business model here is to funnel as much traffic and spend to the big AI corporations as possible with no foreseeable return (except vague nonsense about "productivity gains").
Just wait until someone requires one of these things to make a profit, that's when if you're a corporation that integrated this shit deeply into your business, you'll be covered top to bottom in rug burn from the inevitable rug pull of price increases.