A Guide to the Circular Deals Underpinning the AI Boom | A web of interlinked investments raises the risk of cascading losses if AI falls short of its potential.

Comments

• afk_strats@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Great spin, Bloomberg. You were very careful to only talk about “potential” and missing revenue targets when the real problem is that a bunch of grifters pretended they were on the absolute verge of AGI when, in fact, they were/are bulding advanced bullshit machines.

  I will eat my words when a model can come up with an original thought

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  • EightBitBlood@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Don’t forget how they also missed the point that “potential” returns would actually need to be the equivalent of several countries worth of GDP to actually be profitable.

    Pretty much everyone is going to miss the target of creating the most profitable thing ever in all of human existence.

    I too will eat my words if these bullshit models can ever be remotely profitable. Let alone more profitable than most nations.

    Bloomberg is practicing journalistic malfeasance by even pretending these “potential” returns are viable. The article might as well say AI expects to make a gajillion dollars, as that would be at least more accurate than what they printed instead.

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• user28282912@piefed.social ⁨2⁩ ⁨days⁩ ago

  Bloomberg can fuck off after what they did to Gamers Nexus recently. Zero credibility there.

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• gravitas_deficiency@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

  lol well hey, I guess going from “that’s not happening, of course not, what are you talking about” to “here’s how it works, and isn’t the upside awesome if everything works according to our plan, and please don’t short the stock” is technically moving the dialogue in the right direction in terms of honesty…

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• melsaskca@lemmy.ca ⁨2⁩ ⁨days⁩ ago

  What potential? I’ve never once read a good explanation for it even though I see “AI” all over the place all of the time.

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  • silence7@slrpnk.net ⁨2⁩ ⁨days⁩ ago

    The pitch to investors is thst they can soon replace most workers with software

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    • msage@programming.dev ⁨2⁩ ⁨days⁩ ago

      Anyone, who has ever dealt with any management demanding software will tell you, that the management is the only problem.

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• nondescripthandle@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

  CEOs are begging people to be nicer to AI so I think the ‘if’ in the title is gaining probability on the daily.

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