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Major AI Companies Aren't Even Pretending to Make Money (futurism.com)
submitted 4 months ago by to c/fuck_ai@lemmy.world
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[–] 5 points 4 months ago (3 children)

They're not done digging their financial holes so they'd just spend a bailout right away and keep on digging. It's not that they got into a debt that's hard to keep up with. It's that the entire industry has no working model that covers the cost of doing business. Ed Zitron has laid this out in multiple articles and interviews (and probably on his podcast).

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  • [–] 9 points 4 months ago (2 children)

    All of the investors and C-suite execs are chronic gambling addicts by this point

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  • [–] 4 points 4 months ago* (last edited 4 months ago) (1 child)

    C-suite hopefully got a taste of reality when OpenAI and Anthropic tried to charge token-based rates that covered their actual costs. Suddenly nobody was willing to pay and rates had to be slashed again! (I think this was all in the last month or two.) More and more enterprises will probably be downloading one of the free open-weight models and developing their own in-house setup (which would at least be more resource efficient).

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