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.
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.
MCasq_qsaCJ_234@lemmy.zip 1 day ago
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.
finitebanjo@lemmy.world 1 day ago
The Apollo Program had an achievable goal, lots of beneficial byproducts, and was administrated by public offices.
Nothing about it is comparable.
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