@GhostOnTheHalfShell the value proposition is Jensen drives off in a big dumptruck full of everyone else's money, whistling a jaunty tune
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@GhostOnTheHalfShell the value proposition is Jensen drives off in a big dumptruck full of everyone else's money, whistling a jaunty tune
@GhostOnTheHalfShell @davidgerard this is precisely why they're all pushing so hard to be one of the top 2-3 companies, right? All that debt is a gamble to ultimately kill off the competition, and literally own them
Oh yeah, that’ll be really useful a bunch of burnt out data centers and cash flows that stay negative.
Hey, but they are the brightest brains on the planet and a little pesky thing like profit is so proletariat
From everything that’s being said in a lot of it informed by the reporting of Ed Zitron, the problem isn’t a market saturated with too many competitors.
The problem is that dog just don’t hunt. There isn’t a business model where cash flows are positive.
The most competitive business model is to have a sector with exactly 0 corporations running in it.
Then we might talk about all the different things thrown under the umbrella of AI but this stuff is not it
@GhostOnTheHalfShell @danafus my theory works, I think - this is a fraud. Specifically, it's a multi-player Enron where venture capitalists who have *nothing* else to invest in spend real dollars to account imaginary book dollars. They are so in the trap they see no way out but the way through. This predicts they will spend all the money they have and all the money they can get, and the money will run out by next year. But they CANNOT get off this ride.
I've ranted this at length on Pivot to AI ;-)
