• TachyonTele@lemm.ee
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    2 months ago

    They are making money off AI. Don’t think they’re not. I don’t understand how, but these company’s are getting profit.

    • Blue_Morpho@lemmy.world
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      2 months ago

      Not necessarily. Companies chase what’s popular because it boosts the stock. Executives get bonuses and move to the next hot idea.

      Remember when everything was block chain?

      • TachyonTele@lemm.ee
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        2 months ago

        No, I mean they are literally making money from it. Asianometry touched on it, but didn’t explain how they were making the profit.

    • UnderpantsWeevil@lemmy.world
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      2 months ago

      They’re racking in a ton of investment case on AI. I’m sure there’s also a slew of government contracts that keep this beast afloat.

      But in terms of real value added to the economy? This seems like its just another Wall Street bubble waiting to pop.

        • UnderpantsWeevil@lemmy.world
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          2 months ago

          They’re seeing a flood of new investment, but they’re also absorbing huge losses from within their AI divisions.

          The profits they’re reaping are in other sectors.