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Big tech has spent $155 billion on AI this year. It’s about to spend hundreds of billions more (www.theguardian.com)
submitted 1 year ago by to c/technology@lemmy.world
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[–] 35 points 1 year ago (1 child)

It’s the most inefficient technology but praised as the most efficient because it simply runs on investor money. But that well will run dry eventually and who will bear the cost then? Consumers without jobs?

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  • [–] 4 points 1 year ago*

    I think Meta’s AI initiative doesn’t run on investor money since they do share buybacks instead of selling more shares to keep afloat. Meta makes more than a hundred billion of revenue from selling ads on Facebook and Instagram. So Meta’s AI program runs on boomers clicking on ads that have been generated with AI.

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