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The AI boom is so huge it’s causing shortages everywhere else The $700 billion AI spending spree has few precedents. Good luck finding an electrician or a reasonably priced smartphone. (archive.is)
submitted 9 months ago by to c/technology@lemmy.world
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[–] 128 points 9 months ago (9 children)

The AI boom

They misspelled "bubble." None of the AI providers have a path towards profitability.

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  • [–] 14 points 9 months ago*

    Profitability went out of fashion. Control and power is the new trend. Big tech controls 95% (if not more) of all information sources. Even if they don't own newspapers, they can make them more or less visible at will. Google tried to monetize it with ads everywhere but that is the old way of thinking.

    Cambridge analytica showed that by controlling the information, you can select who makes the laws.

    Musk bought Twitter without any chance for a reasonable return on investment. Guess why?

    The "old tech" (Google, Facebook, Twitter, TikTok) controls what you know. But AI goes a step further. It controls what you think about things. It can explain why, what you thought was outrageous, is perfectly normal, or vice versa. It's your own personalised propaganda machine. Once enough people are hooked and get used to using AI, the enshitification phase will begin and the AI will become more and more opinionated. And most people won't notice... Some will, but they don't need to influence everyone.

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  • [–] 22 points 9 months ago (1 child)

    I assume they'll do the same as the auto industry and banks and get huge government bailouts once investors start demanding returns. That way all us taxpayers can make sure the scammers at the top don't have to spend one second worrying about giving up their lavish lifestyles.

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  • [–] 13 points 9 months ago

    I mean we're (we as in local taxpayers, not me personally in this case) already paying for the infrastructure they use in increased bills. We're paying for their tax holidays while they're talking about all the new jobs they'll bring (lots of short term construction, 25-50 long term employees once the tax holiday runs out, so very little money in the local economy). We (all of us) are paying the price for the mothballed coal plants that are coming back online to support them. We are paying for federal government contracts on them.

    It's corporate welfare all the way down.

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  • [–] 3 points 9 months ago (1 child)

    While I agree with you, is there anyway to know how much an average prompt (let’s say a coding question that used to be a quick google search) costs?

    I really want to ask people, would you pay X per prompt?

    Cause most people “love” AI cause it costs very little

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