In no small part because they see it as a time-limited gateway to permanent, infinite profits through market consolidation, job cutting, and government contracts. After all, if they get there FIRST, it’s all theirs, and the infinite profits then will make up for all the money spent now. Never mind the fact that in doing so they’ll destroy the environment, the economy, and the world long before they can actually SPEND those profits on anything.
Comment on 95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report Finds
prole@lemmy.blahaj.zone 2 days ago
Why do they keep throwing their money away on it?
Dogiedog64@lemmy.world 2 days ago
grahamja@reddthat.com 2 days ago
It worked for Google. They corraled a majority of the internet into providing them add revenue. Google maps, Gmail, google search engine, youtube… all just more ways for them to scrape your data and serve you adds. Investors are hedging their bets on what could replace google as the information monopoly of the future.
TheMinister@sh.itjust.works 2 days ago
Sunken costs?
fishy@lemmy.today 2 days ago
More like most CEOs are fucking dumb. They attach to whatever the tech buzzword is. So AI being a buzzword drew them in, then the AI uses other buzzwords? It’s like a moth to the flame.
ShinkanTrain@lemmy.ml 2 days ago
Image