@Captain_Jack_Sparrow @xyla It’s not a Ponzi scheme, because it doesn’t rely on paying old investors with money from new ones.
There is real activity and real revenue, but the business is still structurally unprofitable due to massive compute and infrastructure costs.
This looks more like a speculative bubble, where companies and investors prop each other up on expectations of future profitability — something we’ve seen before with the dot-com bubble.
@Captain_Jack_Sparrow @xyla Exactly — and a big part of this is the promise of medium-term profitability being sold to companies.
AI is marketed as an inevitable productivity and ROI machine, but that only works as long as companies keep investing in anticipation of future returns.
In practice, those costs are then passed on to end users through higher prices, subscriptions, and AI-bundled products.
@Captain_Jack_Sparrow @xyla That’s why the dominant narrative is massive AI adoption: it’s not just about usage, it’s about sustaining a large-scale payment cycle to justify the expected return on investment.
Otherwise… 💥🫧
The same claim could be made for nuclear fusion, and honestly we can see more progress with AI than with fusion.
Yes, if you class useless #aichatbots #aislop #aimisinformation as progress, not to mention
huge amounts of co2 emissions and huge demands on clean water and energy.
I guess the $4.5 trillion #aibubble is progressing quite nicely too..
😉
They lose on every sale but will make it up in volume.
His dress sense got a lot worse when he had to sell his soul and put on a suit.
Gave away my suits, and have no intention of wearing the man's noose ( necktie ) around my neck ever again.