AI Companies Lose $190 Billion After Dismal Financial Reports

xantoxis , 5 months ago

The companies didn’t lose that money. Their investors didn’t even lose that money. A number went down temporarily, that’s all.

Rooter , 5 months ago

This is such clickbait. They just added up the total stock decline in every company that has any involvement in AI. They call Google and Microsoft AI companies.

ShepherdPie , 5 months ago

AI is clickbait, too, so does that mean they cancel each other out or is the clickbait twice as strong?

Tangent5280 , 5 months ago

By the way errors are dealt with in physics, I think the error only adds up. So double the clickbait.

Matriks404 , 5 months ago

I remember YouTube videos or podcasts where presenters said that we’d have very advanced AI by GPT-5 and singularity is just around the corner. Marketing stuff of these companies pushing language models made us all fools (including me). Now finances are catching up to all this bullshit.

ShepherdPie , 5 months ago

The same thing was said about self-driving. I recall arguing with people on reddit back in like 2018 who called me an idiot because I didn’t believe we’d have full autonomous driving within the next few years. I swear these people jump from one fad to the next and dive into each one head first.

Traister101 , 5 months ago

Uh yes, they do. It’s the same group of people falling for this stuff over and over. Crypto, NFTs, Self Driving, AI now. What’s important to them is being able to point at this stuff and make a wojack face

Daft_ish , 5 months ago

No shit that was a bubble. Fun for all of two seconds but application in its current form is niche/sketchy at best. There is lots of promise for the future of AI but right now it just makes things more complicated and end results are unreliable.

iAvicenna , 5 months ago

bubbles like this can set back that future by decades though…

Daft_ish , 5 months ago

I think AI is going to be ok.

iAvicenna , 5 months ago

lets hope so

en.m.wikipedia.org/wiki/AI_winter