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i still cant comprehend how the bubble has not popped yet. for a good year its being reported AI has a ROI (return of investment) of 5-10%. just imagine there is a company spending, say, 100 million into ai. the money that they will make due to this investment will be about 10 million, so a 90% loss AND YET EVERYONE CONTINUES TO INVEST INTO IT WTH
EDIT: i apparently fucked up the usage of ROI i still hope you guys got the point i made 🙂
Thats not how ROI works lol
but, he has hit on one issue with the American AI push vs the Chinese push. Chinese push is, "how can we integrate this into our economy for the best efficiency gains" whereas American AI push is, "we'll figure out profitablity along the way or once we get superai".
And that, is. . . scary. Cause American comanies are basically saying, "we have no idea how this will be profitable, we just think it will". It reminds me of Amazon and Google going apeshit over Alexa. A decade later, we use it as an intercom and to turn on lights and they have lost money every year and can't stop the bleeding cause so many people would go apeshit if they turned it off.
The company earnings don't matter as much as their own personal profit with rising stock prices. It's essentially a ponzi scheme with extra steps. I feel bad for every sucker with a 401k who will literally lose everything because of these vampires.
That’s not exactly how retirement funds work. A fund manager or index is supposed to include companies actually making a profit. That way in a market correction or other “setback” sure, u lose value, but if most of them keep making money and u still invest, all that happens is u buy more shares at temporarily lower prices.
Now, if u were involved in say a Madoff fund… that’s more your example. Or maybe we differ. That’s ok.
That’s part of this whole “big 7” weirdness. Each of them are profitable on their own, but futures forecasts are outpacing core profit sectors ROI predictions. This could be fine, or the AI could crash, but unless it’s a total wipe for apple, Amazon, Google, nvidia, Tesla, etc, then they all have their core business to fall back on. OpenAI, anthropogenic… not so much.
*ok, Google might have some issues. Same with meta… but both can probably hold on for a bit.
I would agree but I look at the rapid change to token costs, amd how customer of ours are using AI. Its just a matter of time before you are charged more appropriately for your request specifically on the business side.
Whole contract proposals written saving you a few days worth of work, $500 a piece please.
I dunno, Amazon keeps trying to figure out how to make Alexa echo devices profitable. Their rational was the same as their rational for AI, "we don't know currently how this will be profitable, but we are certain we will figure it out along the way".
As far as I can tell it's "buy echo devices as the 'messenger service' between all the devices we can sell for a profit (eufy/ring/etc). The thing is, no one pays much for message services (text or server services).
You might want to Google how ROI works because this isn't it. ROI is what you make after the investment costs, it's profit.
the hardware is a one time cost and they made a deal with the electricity companies to just raise your prices. So in the end it does not cost them anything anymore to run the AI.
It's not gonna pop