I don’t think they even care about profits anymore.
Billionaires live in the balance sheet, not the P/L statements.
Comment on Talents leave AI companies: "They are putting profits over sanity and safety"
kescusay@lemmy.world 3 weeks ago
And it’s not even working. Not one of the AI companies is profitable. So they’re putting the hope for profits some time in the future over sanity and safety.
I don’t think they even care about profits anymore.
Billionaires live in the balance sheet, not the P/L statements.
What about all the user data they sell to third parties? I’d be interested in knowing how that contributes to this
In a way this is what’s most scary. Because they are desperate. Any safety concerns will be damned and they are all racing to be the first who makes a breakthrough in the direction of AGI.
If we ever get there, this is not the way it should be done. I hope they remember that we need to have a world where they can spend their money.
That’s a talk ask for desperate people to consider.
Midjourney is profitable
Midjourney are the worse of the worse when it comes specifically training on stolen work from artists who dedicated their lives to it. They opened the floodgates to what we see now with mass theft of content by not getting sued into oblivion. Fuck then and their creepy little fuck face of a CEO.
They’re also not providing a large language model, so they actually did have a path to profitability. It’s keeping LLMs updated and running that costs so much money that companies trying to do so are losing billions, and Midjourney doesn’t have that problem.
It’s just that their path to profitability was built on plagiarism on an astonishing scale. You’re spot on, they should have been utterly destroyed right at the start.
Couldn’t agree more. They did really help greenlight “stealing everything is fair game” mentality. They came out before chatGPT gpt3 at the time LLMs were not hoovering everything including copyrighted content.
Source?
“Fuck me Sam, I don’t have anymore ideas on how to turn a profit. We’ve tried everything. How about we just give the AI its own infrastructure and bank account with the instructions ‘make money’ and see what it does? I know that safety guy advised against it before, but he no long works here. I mean if it becomes a singularity event, at least it’s our singularity event to control”
Didn’t they do this with an AI vending machine already and it started selling tungsten cubes at a massive loss?
Rentlar@lemmy.ca 3 weeks ago
Steve Burke (of GN) described the absurdity pretty well, within the context of the currently uncertain Nvidia and OpenAI deal:
teft@piefed.social 2 weeks ago
And hope you’ve propped up the economy enough by the end of it that the government has to bail you out…i mean provide a “backstop”.