this post was submitted on 16 Aug 2026
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Fuck AI

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

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The AI boom isn’t real: 70% of AI revenue comes from OpenAI and Anthropic | Ed Zitron (www.youtube.com)
submitted 5 hours ago by babysmokesalot@sh.itjust.works to c/fuck_ai@lemmy.world
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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.

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[–] Rothe@piefed.social 3 points 1 hour ago (1 children)

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.

[–] Buffalox@lemmy.world 1 points 38 minutes ago (1 children)

In any sane world that would be game over, but somehow mega investors have decided that they need to double down. Because if only they invest more, the profits will come eventually.

[–] maegul@lemmy.ml 1 points 3 minutes ago

I mean surely it’s because it’s about buying a part of “the future” and leaving everyone else behind. For such a belief, going all in may be the only option. Which is, of course, kinda death culty.