🔥TOASTY
"where almost the entire tech industry has bought in on a technology sold at a vastly-discounted rate, heavily-centralized and subsidized by big tech. What happens when the entire tech industry relies on the success of a kind of software that only loses money, and doesn’t create much value to begin with?"
🧐 Wall Street is catching on.
“If you’re going to invest now and get returns in 10 to 15 years, that’s a venture investment, that’s not a public company investment,” Luria said. “For public companies, we expect to get return on investment in much shorter time frames. So that’s causing discomfort, because we’re not seeing the types of applications and revenue from applications that we would need to justify anywhere near these investments right now.”
https://www.cnn.com/2024/08/02/tech/wall-street-asks-big-tech-will-ai-ever-make-money
｢ An unusual part of OpenAI is that everything, and I mean everything, runs on Slack. There is no email. I maybe received ~10 emails in my entire time there. If you aren't organized, you will find this incredibly distracting. If you curate your channels and notifications, you can make it pretty workable ｣
😅 The braintrust of grifters assembled by Meta got no better idea than going closed source, Mark is such an easy mark for these natural born swindlers.
https://www.nytimes.com/2025/07/14/technology/meta-superintelligence-lab-ai.html
🫧 Companies That Tried to Save Money With AI Are Now Spending a Fortune Hiring People to Fix Its Mistakes
｢ As the BBC reports, there's now something of a cottage industry for writers and coders who specialize in fixing AI's mistakes — and those who are good at it are using the opportunity to rake in cash ｣
https://futurism.com/companies-fixing-ai-replacement-mistakes
These bros can't go extinct soon enough
｢ Rosebud was founded in 2023 by Chrys Bader, a Y Combinator alum and co-founder of Secret; and Sean Dadashi, a UC Berkeley Cognitive Science graduate. The pair met at a men’s group, and came up with the idea for Rosebud based on their own experiences with therapy and coaching ｣
https://techcrunch.com/2025/06/04/rosebud-lands-6m-to-scale-its-interactive-ai-journaling-app/
🫰 AI company files for bankruptcy after being exposed as 700 Indian engineers - Dexerto
｢ A $1.5 billion AI company backed by Microsoft has shuttered after its ‘neural network’ was discovered to actually be hundreds of computer engineers based in India ｣
🎈 Grifters gonna grift
｢ Builder.ai had claimed it could use artificial intelligence to make the process of building an app or website “as easy as ordering pizza” ｣
#ai #aihype #bubble
https://www.ft.com/content/926f4969-fda7-4e78-b106-4888c8704bda
A space for Bonfire maintainers and contributors to communicate
