Hacker News new | ask | show | jobs
by charcircuit 144 days ago
>losing tens of billions

They are investing 10s of billions.

2 comments

They are wasting tens of billions on something that has no business value currently, and may well never, just because of FOMO. That's not what I would call an investment.
Many investments may lose money, but the EV here is positive due to the extreme utility that AI can and is bringing.
They are washing 10s of billions of dollars an an industry-wide attempt to keep the music playing