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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

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How much (little) are the AI companies making? (pluralistic.net)

submitted 3 weeks ago by sundray@lemmus.org to c/fuck_ai@lemmy.world

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That's why AI is being crammed into absofuckinglutely everything. It's why the button you used to tap to start a new chat summons up an AI that takes seven taps to banish again – it's so tech companies can tell Wall Street that people are "using AI" which means that their companies are still part of a growth industry and thus entitled to gigantic price-to-earnings ratios:

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[–] oo1 6 points 2 weeks ago

I'm not sure how new or innovative all these tricks are, I heard something equivalent to that 'unicorn' thing about Victorian era railway companies in London. But those spending numbers in 1 year are horrific, they could each build like hundreds of km of high speed rail and probably a handful of schools and hospitals (not that i'd want that lot involved in any of those things).

". . .the position is serious when enterprise becomes the bubble on a whirlpool of speculation."