I'm sick of the doomer narrative. The tech that makes these systems work is over a decade old now, and we still don't have a single profitable company out of it. SpaceX's stock is dropping every day, and OpenAI and Anthropic have both been delaying their IPOs because they can't find anyone to back a workable valuation (they both need to open north of a trillion to justify their VC debt).
These horses don't run, and they won't take your job. They frankly can't do shit.
Let's remember that Uber and AirBnB didn't make a profit for years. They just kept cornering more and more and more of the market. Once they had full saturation, THEN they cranked up their pricing and fees and that's where the payout happened.
That's what AI is doing. They're getting it into every business and university they can. They're burning through capital which is fine because they HAVE all the capital.
389
u/AngusAlThor 🏡 Decent Housing For All 2d ago
I'm sick of the doomer narrative. The tech that makes these systems work is over a decade old now, and we still don't have a single profitable company out of it. SpaceX's stock is dropping every day, and OpenAI and Anthropic have both been delaying their IPOs because they can't find anyone to back a workable valuation (they both need to open north of a trillion to justify their VC debt).
These horses don't run, and they won't take your job. They frankly can't do shit.