Fuck AI

8525 readers

1610 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

140

Anthropic posts staggering $80.7 billion net loss in first half of 2026 as IPO approaches (techstartups.com)

submitted 5 hours ago by Bean@quokk.au to c/fuck_ai@lemmy.world

10 comments fedilink hide all child comments

Anthropic, the AI startup behind Claude, recorded a staggering $80.7 billion net loss in the first six months of 2026, exposing the enormous financial costs behind one of Silicon Valley's fastest-growing companies just as it prepares for a blockbuster initial public offering. The loss, disclosed in a draft IPO prospectus reviewed by The Wall Street

you are viewing a single comment's thread
view the rest of the comments

[–] FauxLiving@lemmy.world 10 points 1 hour ago* (last edited 29 minutes ago)

They're gonna IPO, get a shortcut into the Indexs so that Index Funds have to spend money (your retirement money) buying tons of stock at the near-IPO price, turning fake future profits into actual real US Dollars that the company can use to cash out executives and owners before the company explodes taking the economy with it. Elon already did this with SpaceX minus the economy exploding (so far).

I would not be invested in an index tracking asset which will include the tech or hardware companies involved in the AI supply chain.