"Yet all of this kept going because the tech industry’s collective reality is based on stock prices, Twitter, and a tech and business media that appears to fall for just about anything as long as a wealthy person says it."
lilithsaintcrow@raggedfeathers.comMastodon · mstdn.party3h ago13▲view on Mastodon ↗
Right now, there are (outside of hyperscalers buying compute for them, and whatever it is Meta is up to) two companies that spend more than $500 million a year on AI compute, namely Anthropic and OpenAI. Both are unprofitable, and both lose tens of billions of dollars a year.