“The fact that we crossed over to negative cash flow was kind of a negative milestone, and people are reacting to that,” Gil Luria, head of technology research at D.A. Davidson, told Fortune. “Maybe there was a sense that we’d never get to that point, and we just did.”
Nobody is forcing Big Tech to do AI. Nobody even wants Big Tech to do AI at the token cost required to make AI even mildly profitable.
It’s the investors. They just can’t seem to get enough of these tulips. 🌷
Honestly though, if the investor class is what finally pops the AI bubble by simply diversifying away from the big tech LLM circle jerk, I’ll take the win. If FAANG et al loses the monopolistic control they have in so many areas, that’s a HUGE success.
It’s also called digging a hole. Then comes trying to dig yourself out. Then collapse
They will remember the first rule of getting out of a hole, right?
Right?!
I don’t know the reference, but how about:
First rule if getting out of a hole: Dig faster than the walls can collapse on you.
Did I get it right?
haha no, but I love the effort!!!
To get out of a hole, first STOP DIGGING!!!
Wall Street hates it? Tech companies have been doing this for years, yet Wall Street keeps giving them more money.
If they hate it they have a strange way of showing it.
Big tech historically makes huge gains, AI is the first thing big texh has done that’s not giving huge returns
And even so, Wall Street keeps throwing money into the furnace.
By “years” I mean since, like 2023. AI has never made money that entire time and it doesn’t look like it will. Yet still…
Didn’t Amazon do exactly that for a decade?
They all did.
