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First AI Model From Zuckerberg's Wildly Expensive Superintelligence Lab Flops Compared to Virtually All Rivals (futurism.com)
submitted 7 months ago by to c/technology@lemmy.world
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[–] 214 points 7 months ago* (16 children)

Member how the metaverse was supposed to revolutionise our lives, but they just spent dozens of billions on a shitty VR sim, renamed their whole company over it, then fired tens of thousands of workers when it flopped, but still jerked zuck off for his capitalist prowess?

He's worth hundreds of billions more today! Capitalism is a fucking clown world.

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  • [–] 93 points 7 months ago* (last edited 7 months ago)

    If we punished the ceo's who steal billions the same way we punish a homeless person that steals $20 to buy food, the world would be a much better place

    Capitalism just means that your theft has to be more organized, and done by a 'company'. Then no one gets held personally responsible, even if they were the one at the top giving all the orders.

    We should start to use RICO against businesses and punish every link in the management chain that makes that theft possible. Like at least 5 years in jail+fines

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  • [–] 35 points 7 months ago (2 children)

    psst 98% of Metas money comes from selling marketing dorks lies and scamming the larger economy.

    That's why they're still afloat regardless of not having a product worth a damn.

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  • [–] 14 points 7 months ago (2 children)

    Same thing with Musk lol failure after failure after failure but there are still clowns on the internet who call him a visionary.

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  • [–] 5 points 7 months ago

    The power of compound interest means that money can only make more money once it reaches a certain threshold. Whatever these guys were at twenty they're certainly not anymore, but they will never feel the pinch. They can only fail upwards from this point on.

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  • [+] -7 points 7 months ago* (2 children)

    Capitalism is deeply flawed, but what you're experiencing is a failure of social media and journalism.

    Everyone guffaws about Meta because everyone hates them, so bloggers write shitty vacuous click baity articles that just twist and distort everything meta does to make them look as terrible as possible. And while they're shitty, they're not shitty and incompetent in every single possible way or else they wouldn't be as rich as they are.

    But these vacuous articles that bend over backwards and diatort the truth to paint them as incompetent in every possible way then leaves people going "how could anyone be that stupid?", and the reality is that they're not that stupid, you were just misinformed by outrage journalism.

    Despite the guffawing about shutting down Horizon Worlds, there's a good chance that Meta's reality Labs bet will still be a smart financial play in the long term. Google, Apple, Microsoft, etc have made billions by controlling the dominant OSes and Meta has far and away the strongest augment reality operating system as we head into AR glasses actually being viable from a technology standpoint.

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  • [–] 3 points 7 months ago* (1 child)

    Downvoted for sane-washing meta glasses.

    I also disagree with your other takes, mainly boiling down to the insinuation that competence and intelligence is how capitalists make money in a system that's rigged in their favor...

    No, they make money because they have enough people vendor-locked that they can convince advertisers to pay them to further enshittify their platforms, and that gives investors the confidence they need to keep writing blank checks.

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  • [–] -1 points 7 months ago* (last edited 7 months ago)

    Downvoted for sane-washing meta glasses.

    Down voted for wash-washing any point being made.

    You can't just declare something washing and therefore bankruptcy, you have to explain your reasoning why.

    I also disagree with your other takes, mainly boiling down to the insinuation that competence and intelligence is how capitalists make money in a system that's rigged in their favor...

    Yes but we're not discussing a binary system of capitalist and "not-capitalists" we're discussing a single company. And while they have not outcompeted their rivals on the basis of serving the best product for their users, or making the world better, they have outcompeted their rivals at the actually game they're all playing (i.e. making money), all in the face of others who are playing equally soullessly.

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