“If 70% of AI revenues are these two companies, there is no AI industry.”Writer of Where’s Your Ed At and the host of the Better Offline podcast Ed Zitron jo...

Cross posted from https://sh.itjust.works/post/65157881

“If 70% of AI revenues are these two companies, there is no AI industry.”

Writer of Where’s Your Ed At and the host of the Better Offline podcast Ed Zitron joins The Tech Report’s Isaac Pound to talk about the state of the AI industry as it’s revealed that over two thirds of hyperscaler AI revenue is coming from two companies.

  • group_hug@sh.itjust.worksEnglish
    5·
    3 hours ago

    SpaceX IPO was 90% XAI 10% spaceX.

    They made up an IPO price bypassing the bankers and then forced it into everyone’s Retirement Accounts with early adoption into the indexes.

    OpenAI and Anthropic will do the same. They will pump it to the moon. Then IPO to the moon Vic’s will cash out at 100x profit as everyone’s retirement crater and reduce by half.

    At the same time the economy goes great depression 2.0 as the bottom drops out.

    • Buffalox@lemmy.world
      2·
      2 hours ago

      They are talking about a value of $2 trillion for Anthropic. Somebody is going to lose a lot of money.