Yup, I’m surprised the bottom hasn’t dropped out from these companies yet. It will be like the dot com crash in the early 2000s I’m guessing. And they’ll act so surprised…
Fuck no, it’ll be much worse than the dotcom bubble. If you want to be terrified, look how much of the stock market is NVIDIA and the big tech companies.
What is discussed in this thread are LLMs, which are a subgroup of AI. What you are referring to, is image recognition, and there are plenty of examples where their use is not evil, e.g. in the medical field.
I have a few friends who work have started calling their field “data analysis with computers”, because “AI” and “Machine Learning” sounds like “prompt engineer” nowadays.
AI as a concept has many uses that are beneficial!
The beneficial uses are non-profit seeking uses, which are not the ones seen jammed into everything. Pattern matching is extremely helpful for science, engineering , music, and a ton of other specific purposes in controlled settings.
LLMs/chat bots implemented by profit seeking companies and vomited upon the masses have only evil purposes though.
Have we still learned nothing about enshittification? This implication of this graph is that there’s an entire generation of people being raised right now who won’t be able to do jack shit without depending on AI. These companies don’t need to be profitable right now, because once they’re completely entrenched in the workflows and thought processes of millions of people, they can charge whatever they want. Accuracy and usefulness are secondary to addiction and dependency. If you can afford to amass power and ubiquity first, all the profit you can imagine will come later.
I mean, I failed / dropped out of High school, I’m absolutely fine. I’m not worried for the kids tbh. Kids will always take the path of least resistance when it comes to schoolwork, just the path is now actually getting homework done by an ai instead of just guessing / skipping the assignment. I’m genuinely more worried for all the older generations who don’t realize that because of AI honor roll has 0 meaning now.
Fair, but social media shows that enshittification doesn’t have to result in them charging money. Advertising and control over the zeitgeist are plenty valuable. Even if people don’t have money to pay for AI, AI companies can use the enshittified AI to get people to spend their food stamps on slurry made by the highest bidder.
And even if companies have conglomerated into a technofeudal dystopia so advertisement is unnecessary, AI companies can use enshittified AI to make people feel confused and isolated when they try to think through political actions that would threaten the system but connected and empowered when they try to think through subjugating themselves or ‘resisting’ in an unproductive way.
Not that I have sources to link but last I read I thought the big two providers are making enough money to profit on just inference cost, but because of the obscene spending on human talent and compute for new model training they aren’t turning a profit. If they stopped developing new models they would likely be making money though.
And they are fleecing investors for billions, so big profit in that way lol
The companies that were rasing reasonable revenue compared to their costs (e.g. Cursor) were ones that were buying inference from OpenAI and Anthropic at enterprise rates and selling it to users at retail rates, but OpenAI and Anthropic raised their rates, so that cost was passed onto consumers, who stopped paying for Cursor etc. and now they’re haemorrhaging money.
Midjourney reported a profit in 2022, and then never reported anything new.
Cursor recently made 1 month of mad profit, by first hiking the price in their product and holding the users basically hostage, and then they stopped offering their most succesful product because they couldnt afford to sell it at that price. They annualized that month, and now “make a profit”.
Basically, cursor let everyone drive a Ferrari for a hundred bucks a month. Then they said “sorry, it costs 500 a month”. And then said “actually, instead of Ferrari, here’s a Honda”. Then they subtracted the cost of the Honda from the price of the Ferrari, and called it a record profit
A giant pit you throw money into and set it on fire. I guess its a worthwhile investment for Thiel and his gaggle of fascist technocrats. So they can use it to control everyone.
What we see here is the real user base of LLM. And 97% of them are free users.
It’s hardly a mystery why no AI company is remotely close to making a profit, ever.
Yup, I’m surprised the bottom hasn’t dropped out from these companies yet. It will be like the dot com crash in the early 2000s I’m guessing. And they’ll act so surprised…
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Fuck no, it’ll be much worse than the dotcom bubble. If you want to be terrified, look how much of the stock market is NVIDIA and the big tech companies.
Sorry to break it to you, but AI does have uses, it’s just they are all evil.
Imagine things like identifying (with low accuracy) enemies from civilians in a war zone.
What is discussed in this thread are LLMs, which are a subgroup of AI. What you are referring to, is image recognition, and there are plenty of examples where their use is not evil, e.g. in the medical field.
Yeah exactly, ML is very powerful and can be very useful in niche areas.
LLMs have tainted good AI progress cause it made line go up.
I have a few friends who work have started calling their field “data analysis with computers”, because “AI” and “Machine Learning” sounds like “prompt engineer” nowadays.
That’s so sad
AI as a concept has many uses that are beneficial!
The beneficial uses are non-profit seeking uses, which are not the ones seen jammed into everything. Pattern matching is extremely helpful for science, engineering , music, and a ton of other specific purposes in controlled settings.
LLMs/chat bots implemented by profit seeking companies and vomited upon the masses have only evil purposes though.
Have we still learned nothing about enshittification? This implication of this graph is that there’s an entire generation of people being raised right now who won’t be able to do jack shit without depending on AI. These companies don’t need to be profitable right now, because once they’re completely entrenched in the workflows and thought processes of millions of people, they can charge whatever they want. Accuracy and usefulness are secondary to addiction and dependency. If you can afford to amass power and ubiquity first, all the profit you can imagine will come later.
I mean, I failed / dropped out of High school, I’m absolutely fine. I’m not worried for the kids tbh. Kids will always take the path of least resistance when it comes to schoolwork, just the path is now actually getting homework done by an ai instead of just guessing / skipping the assignment. I’m genuinely more worried for all the older generations who don’t realize that because of AI honor roll has 0 meaning now.
Except that those people won’t have jobs or money to pay for AI.
Fair, but social media shows that enshittification doesn’t have to result in them charging money. Advertising and control over the zeitgeist are plenty valuable. Even if people don’t have money to pay for AI, AI companies can use the enshittified AI to get people to spend their food stamps on slurry made by the highest bidder.
And even if companies have conglomerated into a technofeudal dystopia so advertisement is unnecessary, AI companies can use enshittified AI to make people feel confused and isolated when they try to think through political actions that would threaten the system but connected and empowered when they try to think through subjugating themselves or ‘resisting’ in an unproductive way.
This is why they report “annualized revenue” where they take their best month and multiply it by 12.
Reminder that the bullshit Cursor pulled is entirely legal…
Not that I have sources to link but last I read I thought the big two providers are making enough money to profit on just inference cost, but because of the obscene spending on human talent and compute for new model training they aren’t turning a profit. If they stopped developing new models they would likely be making money though.
And they are fleecing investors for billions, so big profit in that way lol
The companies that were rasing reasonable revenue compared to their costs (e.g. Cursor) were ones that were buying inference from OpenAI and Anthropic at enterprise rates and selling it to users at retail rates, but OpenAI and Anthropic raised their rates, so that cost was passed onto consumers, who stopped paying for Cursor etc. and now they’re haemorrhaging money.
Midjourney reported a profit in 2022, and then never reported anything new.
Cursor recently made 1 month of mad profit, by first hiking the price in their product and holding the users basically hostage, and then they stopped offering their most succesful product because they couldnt afford to sell it at that price. They annualized that month, and now “make a profit”.
Basically, cursor let everyone drive a Ferrari for a hundred bucks a month. Then they said “sorry, it costs 500 a month”. And then said “actually, instead of Ferrari, here’s a Honda”. Then they subtracted the cost of the Honda from the price of the Ferrari, and called it a record profit
This is legal somehow
Hell, openai didn’t turn a profit on users paying $2000 a month.
AI. The Boat of big tech.
A giant pit you throw money into and set it on fire. I guess its a worthwhile investment for Thiel and his gaggle of fascist technocrats. So they can use it to control everyone.
Simple evil solution.
Make it part of tuition.
Devil blushes
“Employees will use AI to do their jobs!” AI enthusiasts don’t seem to grasp that if AI can do your job, you’re not going to have a job any more.
Thats why farmers don’t exist, steel plows took em all out, similar for painters since cameras were invented.