101@feddit.org to People Twitter@sh.itjust.worksEnglish · 13 hours agoI thought it was satire, before I look to the source.feddit.orgimagemessage-square43fedilinkarrow-up1219arrow-down11file-text
arrow-up1218arrow-down1imageI thought it was satire, before I look to the source.feddit.org101@feddit.org to People Twitter@sh.itjust.worksEnglish · 13 hours agomessage-square43fedilinkfile-text
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down1·12 hours agoThey’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.
minus-squareTachyonTele@lemm.eelinkfedilinkarrow-up3arrow-down1·12 hours agoOh I agree. But the fact is these company’s are seeing actual profits right now.
minus-squareUnderpantsWeevil@lemmy.worldlinkfedilinkEnglisharrow-up7arrow-down1·12 hours agoThey’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.
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.
Oh I agree. But the fact is these company’s are seeing actual profits right now.
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.