I do wonder how some of these companies intend to actually make money with it.
Anthropic, fair enough, they’ve convinced companies to spend huge amount of money making sure that programmers can’t remember anything or know what that mass of spaghetti does any more.
And MS, presumably it’s all companies spending money on Office 365 Copilot so emails get put in automated holding patterns, and quarterly reports get flashier graphs.
Nvidia, they sell shovels.
But Meta? Their entire business model is scraping data from real people, packaging and selling it to far right politicians and scammers. I’m struggling to figure how AI does anything other than fuck that up.
The main product they’re pushing is Muse. It’s a glorified Bonzi Buddy. A chat bot with customizable avatars. They’re screwed unless they have an enterprise LLM product. I don’t know if they do.
Facebook remade the world. It was a one in a generation thing. Zuck isn’t escaping the allegations that he was in the right place at the right time for that. He’s not going to catch lightning in a bottle twice.
META will be bankrupt within 5 years according to the bond & credit markets. META’s Credit Deault Swaps are surging — lol.
One can only dream.
Oh yeah, I’m sure they’ll out him any day now…
This article, like many Futurism articles, is conditioning. It’s wild Futurism gets glazed so much on tech lemmy.
As the Wall Street Journal phrased it…
fkn lol.
These articles do not deserve the attention lemmy gives them, and should be downvoted and called out as such.
Oh yeah, I’m sure they’ll out him any day now…
Facebook is structured in such a way that Mark Zuckerberg can never get fired. So if they want to terminate his position, they have to do so with extreme prejudice.
I’m good with that.
better call him a mindless automaton then,.
I was reading an article many years ago about Mark Zuckerberg being obsessed with Machiavellianism and reading sources about it. I’m sure he has thought just about everything to retain power.
On to the next idea that is clearly a failure at inception to everyone but Zuckerfuck and his circle of sycophants
The board should consider execution.
Oh come on! Just look at how visionary his whole vr thing was… Right META?
Didn’t he spend a billion dollars on pixelated legs?
he also got the company to pay for his billionaire tax if it passes
He’s got to be costing more then he’s worth, and at this point he probably has a smaller minority of stock so idk why they keep him around
A.) Meta’s issuing new shares for this, so it’s shareholders, not the company, that are going to pay his tax bill.
B.) The deal is issuing non-voting shares so he still holds the majority of shares that matter after this.
I am pretty sure he still holds a majority of shares. He is clinging to that for dear life
I do not get the skepticism? I 100% trust Zuckerberg that this will be about as profitable as the metaverse. 🤣 🤡 💸
His ego can’t handle that he’s one hit wonder.
They’re all like this as well. “Look how smart we are, making lots more money by starting with lots of money getting very lucky”.
It would be like a roomful of lottery winners sitting around sipping brandy, and musing about how they’re better number pickers than anyone else, and sharing tip on picking out random digits…
He’s not even a one hit wonder. The only good idea he ever had he stole. His company was built by people he conned and then threw under the bus. Every achievement since then was someone else’s good idea that he bought.
I’m sorry, you’re going to have to narrow down which Billionaire you’re referring to…
Yep he didn’t build Instagram, WhatsApp, or even the Facebook ad engine, which is arguably Meta’s actual product.
I bet he literally believes himself to be some sort of tech genius.
His weird haircut before his broccoli phase was him trying to cosplay as Caeser.
More like Augustus actually since he is obsessed with him
They made this movie about him like 20 years ago. It had this scene of him in college in a computer science class. Like he was such a genius and knew better than the professor. So much cringe.
Didn’t see the movie, but in the early 2000s he probably did know more than his professor. 10-years before that, my university had exactly one computer for the whole graphic design college. 20-years before that, computer class was, “Here’s, uh, this thing. Have fun.”
In a computer science program? At an Ivy League university? After the year 2000? lol no. They had more than one computer and their CS professors would have had PHDs in Computer Science.
You’re right, forgot we were talking about Harvard and not my cow school at OK State U.
Only in Silicon Valley can a CEO burn billions chasing an AI gold rush, send free cash flow below zero, and then demand a bigger payday for his visionary leadership. The board’s ultimate weapon? Threatening to quit. Corporate governance at Meta is basically a fire alarm that needs Zuckerberg’s permission to ring.
Meta does have some very specific issues with their corporate governance in that regard. Mark’s contact basically makes him impossible to fire as CEO. It’s an unusual situation that should have set off alarm bells for investors years ago.
They just offered to pay his taxes, they aren’t sick of him or they’d let the company fail
That might be just that they’ve got so much money in Meta that they can’t afford it fail.
Edit: what I mean is that there might be gambler’s fallacy at play
Got an email last week that my FB account had been upgraded to Meta for free? I guess they need to fudge the subscriber numbers?
He has controlling votes in the company, so he likely offered to pay his own taxes…
They needed to make moves when he was doing his stupid metaverse hobby/project.
Now they’re hemorrhaging money.
Get rid of that liability.
No. Keep him. Hemorrhage more money. Go bankrupt. Zuck can become destitute, homeless, depressed, and addicted to opioids before an untimely death. He will not be mourned.
I cant what for them to try to argue meta’s loss would do any harm to society
Exactly, never inturupt your enemy when they are making a mistake.
they cant get rid of him, lol
he’s gonna run it aground at full speed
he’ll be fine though
edit: in his underground bunker lair thing
Connect the air intake of his bunker to a septic system. Let that fucker literally drown in shit
he’s gonna run it aground at full speed
Please move fast and break the thing
they cant get rid of him, lol
Well not with that attitude.
Mario theme intensifies
If they don’t get rid of him, they are liable to investor lawsuits.
How do you get rid of someone with 60% voting shares?
That’s s good thing
They aren’t concerned with the destruction of the planet caused by their quenchless data centers. Or their massive privacy invasion of citizens. Or their tactics used to addict children to their platform.
At the end of the day, every board member of Meta is just as nasty as Zuck himself.
Anyone using Meta is feeding the nasty machine
Exactly, those kind of articles are paid pr campaigns.
While the power and water requirements for AI DCs are obscene, they’re a rounding error against our other power and water abuses.
False. Datacenters don’t need to eat.
Definitely massive risk. They are giving away about $200-$400/week user credits for their Muse agent. Hardly anyone would need more than that, but it requires giving them credit card info. Massive competition being released in this personal agent space, just a few weeks after their rollout.
SpaceX is going even more nuts. Musk is a fraud supported by Zionist first political rule over US with support for his fraud, but 1.3gw of “spec” datacenters comming online in next 3 months is 5x the hourly gpu rental inventory in the US. BS goal about 10gw extra in 2027 is still gross overspending that makes everyone else go bankrupt from Nvidia price hikes. Grok and Cursor revenue combined still under $1b (last quarter). Zionazi circular financing for GOP corruption will starve rest of industry from access to capital.
IPOs are failing everywhere. UAE being forced geopolitically to bail out OpenAI with $30b, because they are out of cash. Coreweave needs $2b cash just to make it to end of year, but no one will give it to them. SpaceX in similar cash burn rate.
SpaceX and Meta are both building to just rent GPUs to desperate labs without firm contracts. All labs have separate plans. Coreweave gives massive discounts that force structural losses before impossible interest costs, and Nvidia’s power to charge whatever it wants for delivery. Collapse is very near.
I can’t wait to buy a video accelerator and hard disks for cheap again. So I can’t wait for the AI bubble to pop. The only problems is that the whole economy will tank at the same time…
End of natural financing availability seems certain to collapse the sector, and a more cannibalistic attitude in finance can reset the industry into more concentrated ownership, while also eliminating rational financing appetite. Aggression by META and SPCX should cutoff hyperscaler circular financing that would assist their ambitions to surpass them, or diminish their other circular investments.
Still, a global zionist supremacist establishment needs to preserve itself with robocops. $30b from UAE, and feeding Musk’s electoral spending is “bailout mentality” that most of congress will still want to protect. US military buying Spacex/Meta compute rental is the simplest bailout mechanic. So, rampocalypse hell will continue until morale improves, will have full establishment backing.
As someone with plans to work in the software dev sector, it’s just bad news no matter what. AI turns out to be magic, no jobs. Industry crashes because of the bubble, no jobs.
So wait. What is the story with coreweave. You mentioned labs desperate for gpu, and there very much is a shortage. Coreweave rents that. So they should be making miney handover fist.
Coreweave makes long term revenue deals before building anything, but they charge too little. They are forced to accept whatever price hikes Nvidia tells them to pay, and are running out of cash in next 2 months, with borrowing rates over 15% to get more cash. In last quarter, their average interest rate was over 8%, and even if they used a 10 year depreciation schedule, they would still have lost money.
When hourly GPU rental prices go up, coreweave doesn’t make more money. They have tiny spot inventory. It is also a lie that there is gpu shortages, because if there were, there wouldn’t be such rapid model releases. NVidia GPUs are only competitive at training, but if there were any genuine scarcity, new models would come out slower so that inference/revenue making could be prioritized.
Hm, so boring from tomorrow to make profits today is catching up with them. Guess I am not surprised.
I dunno about that rational to say there isn’t a shortage. I know consumers struggle to buy GPUs, even when they are willing to pay a lot. And a buddy of mine works at a company where they couldn’t get enough GPUs for their datacenter and were forced to rent from coreweave.
“I think it’s the right strategy to aggressively front-load building capacity so that way we’re prepared for the most optimistic cases,” Zuckerberg told stockholders in 2025.
And what if the results aren’t optimistic? Do these people forget there are still some things in the world they can’t will into existence?
The real reason is because the data centers aren’t for AI. They’re for taking up all the components so you can’t compute independently anymore and you need to run “apps” from the ”cloud” so they can “monitor” your “behavior” for “tailored ads” and “terrorist threats” and cut you off completely if you ever retroactively violated their updated EULA that covers all the people they don’t like.
They are stealing computing from us and the business world is letting it happen in the name of cost savings.
I swear to god before I die I will see capitalism driven into the mud to drown
Part of cyberpunk is that the gilded corporations in the sky have white labs and clean computers, but the other part is that street people find their own uses for the leftover hunks of technology considered to be not pretty enough for sale.
In less convoluted terms, nobody fucking needs cloud computing. We used to write software on things that were half as powerful just a decade ago, and software capabilities have stagnated even as computing power has increased because the focus is more on stupid corporate bullshit than…you know? actually solving problems?
The phone you have in your pocket (or even posted this post on) is likely more powerful than anything that was even available 10 or 15 years ago. The joke computers that they’ll sell you right now for $200 with an adware-ridden crap OS like Chromebooks are capable of running and even building better software than anything that was available during the first software boom in the late 90s (they just might need a good wiping first).
I am much more interested in the part of cyberpunk we haven’t seen much of…where people take down Flock cameras and make them into free wifi repeaters or other types of servers and hobbyists take over again. Corporate software sucks nuts.
I think that there’s a lot more potential in AI than there is in VR, which was his last expensive pet project.
They came up with some cool stuff for VR
The problem is there was zero overarching vision, no real explanation of how this makes life better (hurray, you can go to VR work meetings! Why would I buy this again?). Plus, Meta is fucking radioactive to the power users who would buy this stuff.
Similarly, Meta is so toxic I would never trust their AI without my data, and this is playing out with tons of leaks for people using their AI system Muse.
So while AI has more promise than VR, you can’t trust that to Meta anyways.
Have you seen their VR TOS?
“We own everything your gaze falls upon while you’re thinking about using these btw” -Meta
Possibly, but socials are for people connecting, or they’re supposed to be. So people don’t want AI crawling through their socials.
It’s one thing to get a summary on a search, just plain annoying to have a post summarised.
Fucking android auto at one point offered to summarize my text messages.
I don’t think AI can summarize ‘ok’.
Neither do I to be honest
k
kk
k…
Well I didn’t say it could do it okay
I don’t like it anywhere, but socials are for people. We expect AI on data search.
I was not disagreeing with you, I was just trying to be funny and summarize “ok”
Gotcha sorry
zuck can’t be in practical terms fired
Thw firing will be televised
