Comment on 95% of Companies See ‘Zero Return’ on $30 Billion Generative AI Spend, MIT Report Finds
Dogiedog64@lemmy.world 3 days agoIn 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.
grahamja@reddthat.com 3 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.