It’s not a Ponzi scheme. Just because you don’t like it doesn’t mean it’s a scam and even if it was a scam that wouldn’t be the type of scam that it was.
Absolute worst you could call it is false advertising, because AI does actually work just not very well.
finitebanjo@lemmy.world 1 day ago
A company that makes negative income every quarter forever, and whose latest edition costs a magnitude more power and is worse than the previous, is worth between $150 Bn and $300 Bn. Many other competing companies equally overvalued.
These are businesses who are only valuable because people keep investing in them. A Ponzi Scheme.
godownloadacar@lemmy.cafe 1 day ago
So what? Most train companies were not profitable either. Profit isn’t the only thing that matters in life
MCasq_qsaCJ_234@lemmy.zip 1 day ago
AI has been around for many years, and a lot has happened in that time. It’s had periods of high and low interest, and during its lows, it’s been dubbed AI winter.
finitebanjo@lemmy.world 1 day ago
And the current AI spring is just old people buying into bullshit marketing and putting all their money in a Ponze Scheme.
MCasq_qsaCJ_234@lemmy.zip 1 day ago
Throughout history, many things have been spent on useless things, but saying that AI is a Ponze scheme is, I feel, the same as saying that the Apollo program is a Ponze scheme or that government-funded research is another Ponze scheme.
PS: There were people who were against the Apollo program because they considered it an unnecessary expense, although today the Apollo program is more remembered.
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