this post was submitted on 16 Aug 2026
75 points (100.0% liked)

Fuck AI

7560 readers
1218 users here now

"We did it, Patrick! We made a technological breakthrough!"

A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

founded 2 years ago
MODERATORS
VerbFlow@lemmy.world
MrMcGasion@lemmy.world
TootSweet@lemmy.world
BigMikeInAustin@lemmy.world
cynar@lemmy.world
drmeanfeel@lemmy.world
pavnilschanda@lemmy.world
CriticalMedicine@lemmy.world
WonderfulWanderer@lemmy.world
Communist@lemmy.ml
eatCasserole@lemmy.world
SpaceNoodle@lemmy.world
NutWrench@lemmy.world
Soup@lemmy.cafe
iAvicenna@lemmy.world
Tinks@lemmy.world
wizblizz@lemmy.world
corus_kt@lemmy.world
TrickDacy@lemmy.world
andrew_bidlaw@sh.itjust.works
MeDuViNoX@sh.itjust.works
33550336@lemmy.world
Nougat@fedia.io
Lost_My_Mind@lemmy.world
Quill7513@slrpnk.net
glowing_hans@sopuli.xyz
e8d79@discuss.tchncs.de
ThefuzzyFurryComrade@pawb.social
75
The AI boom isn’t real: 70% of AI revenue comes from OpenAI and Anthropic | Ed Zitron (www.youtube.com)
submitted 4 hours ago by babysmokesalot@sh.itjust.works to c/fuck_ai@lemmy.world
3 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] Buffalox@lemmy.world 2 points 1 hour ago* (last edited 1 hour ago) (1 children)

The profits are near zero, AFAIK negative for OpenAI, but you are missing the point. namely that 2 companies that aren't even making money, are responsible for 70% of the revenue for the data centers. Meaning the data centers don't have a sound business model.
So the ginormous investments in data centers are moronic.

[–] Rothe@piefed.social 1 points 7 minutes ago

Their profits are negative for both of them. OpenAI makes a couple of billion a year, but they owe hundreds of billions, with more debt incoming. The same must apply to Anthropic. Their collected debt is around one trillion dollars.

There is no sign they will ever be profitable, especially because they are bleeding customers to Chinese open source LLMs.