Hacker News new | ask | show | jobs
by VCFundedGenYer 1 day ago
I mean, all one has to do is review https://isaiprofitable.com/ to see just how bad it is. None of this is a profitable venture. It's just a money pit for all players involved, all the while draining our ability to buy electronics and drink water. This has to end at some point.
2 comments

It's kind of funny. I was looking at the top of the page thinking 1.5T investment for so far 770B revenue isn't bad at all, that could break even after some time. But then you look the listed companies, there costs vs revenue.

Turns out 516B of the revenues are from Nvidia, which is not an AI company, but just selling shovels. Nvidias revenues are effectively costs to actual AI companies.

Yep. Click the button that hides the infrastructure companies. The entire thing is a scam. The only thing holding it up is the belief that AI will replace the majority of human labor in the foreseeable future. So far, it has replaced almost none of it.
Hopefully soon. Not for personal or altruistic reasons, I just find great pleasure in seeing cults burn(which is what AI has become).