this post was submitted on 07 Jun 2026
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[–] PattyMcB@lemmy.world 22 points 16 hours ago (1 children)

Good thing I don't personally pay them anything

[–] elucubra@sopuli.xyz 12 points 14 hours ago* (last edited 14 hours ago) (1 children)

Oh, you are going to pay. The bubble is going to fuck us all quite thoroughly.

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[–] Fubarberry@sopuli.xyz 37 points 18 hours ago (8 children)

Honestly Google is likely to beat openAI and Anthropic as things are.

OpenAI and Anthropic have to buy/rent their hardware from Nvidia, while Google is making their own TPU hardware. Google's hardware costs on AI is way lower, every dollar they spend on it goes a lot farther.

And unlike the other two, they're already a profitable company. They're making record profits right now. They don't have a desperate need to figure out how to make back billions on their AI models, they can just keep offering Gemini at a comparatively cheap price and wait for anthropic and open AI to bankrupt themselves.

[–] SunshineJogger@feddit.org 8 points 17 hours ago (5 children)

I really really really don't want evil corporation Google to dominate even more.

I prefer plailny greedy corporations over evil ones

[–] badgermurphy@lemmy.world 1 points 10 hours ago

Google is shaping up to fare better than the others, but I dont think that means success. They, too, are spending more than its making, just at a less drunken rate than some competitors.

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[–] some_guy@lemmy.sdf.org 33 points 20 hours ago (4 children)

It's gonna come crashing down pretty soon. It's gonna hurt all of us. It won't hurt the people responsible nearly enough.

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[–] IAmNorRealTakeYourMeds@lemmy.world 83 points 1 day ago* (last edited 1 day ago) (3 children)

reminder than during 2019 there were streaming services popping left and right, all showing tremendous growth because they started from zero, and articles were about how bad Netflix was doing due to having practically no growth compared with the competition (they already had a massive subscriber base). Twist? Netflix was the only streaming service that was actually making a profit, the rest were a massive loss but big growth.

Needless to say most of those streaming services died; who remembers DC streaming service, or Yahoo's? While Netflix is basically as stong as ever, despite the prevalent enshitification happening through the whole industry.

Point of the story? shareholders don't care about stable profitable business, only cancerous growth. AI is like that, zero profits, ton of cost, but as long as they show growth the shareholders are happy, regardless of how cooked the books are.

[–] MimicJar@lemmy.world 13 points 21 hours ago (1 children)

2019 Yahoo

My immediate thought, there is no way Yahoo! Screen survived into 2019.

I looked it up and Yahoo! Screen (which featured Community season 6) was shutdown in January 2016. But Yahoo! View launched in late 2016 (as a Hulu-like replacement), and that did shutter in mid 2019.

So Yahoo! was already dead, but it also died for real in 2019.

[–] IAmNorRealTakeYourMeds@lemmy.world 22 points 21 hours ago (1 children)

Imagine having a streaming service so bad it fails twice

[–] PattyMcB@lemmy.world 8 points 16 hours ago (1 children)

Isn't that kind of Yahoo!'s business model?

[–] elucubra@sopuli.xyz 5 points 14 hours ago (1 children)

Actually, when Yahoo was the search giant, before Google went mainstream, they were pretty damn good at what they did.

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[–] thisbenzingring@lemmy.today 5 points 20 hours ago (2 children)

Netflix was also late to streaming because their mail service subscriptions were THE major player

[–] krashmo@lemmy.world 13 points 20 hours ago* (last edited 20 hours ago) (2 children)

Late to streaming? Netflix was the first big time streaming service that I ever heard of. The main reason their streaming service was able to take off like it did is that nobody else of significance thought that streaming was worth pursuing. What other companies were offering streaming services at anything approaching scale before Netflix?

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[–] IAmNorRealTakeYourMeds@lemmy.world 7 points 20 hours ago (2 children)

late to streaming, but practically the first subscription based system to watch movies/tv online.

First years of Netflix were the best, the product began degrading quite early on. but that was mostly companies realizing that instead of licensing their content on Netflix, they can make their own platforms.

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[–] OberonSwanson@sh.itjust.works 147 points 1 day ago (11 children)

Of course it is, it’s essentially a scam. They just need enough humans to keep investing until they check out and run with a bailout.

[–] Tollana1234567@lemmy.today 4 points 16 hours ago

thats why they are peddling it to governments for "surveillance AI"

[–] DeckPacker@piefed.social 52 points 1 day ago (3 children)

Funny thing is, the US government doesn't even have nearly enough money to bail all these mfa out. So we are heading into uncharted territory here

[–] OberonSwanson@sh.itjust.works 36 points 1 day ago (3 children)

Of course they don’t, that’s why they’re building bunkers. Thinking it’ll slow us down, as we’ll open their bunkers like cans of tuna. A bunker only works for so long, then the survivors start hunting for them like delicious shipwrecks.

[–] Tollana1234567@lemmy.today 4 points 16 hours ago

they are going to argentina. apparently NZ has blocked thiels compound.

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[–] Arghblarg@lemmy.ca 20 points 1 day ago

And that's why they're trying underhanded tactics to inflate earnings and IPO directly into the index funds, so every American's 401K will legally have to rebalance and invest in them. They're racing to fleece retirement funds before the bubble bursts.

Not financial advice, of course :p but people should really consider getting their stuff out and into self-directed funds or whatever it is US people do to not depend on auto-allocated funds.

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[–] Yliaster@lemmy.world 10 points 22 hours ago (1 children)

I don't get why companies get to legally bailout like this. Why do people have to suffer for their bullshit? Enslave the CEOs if you have to make things right, leave the people out of it.

[–] Shellofbiomatter@lemmus.org 10 points 19 hours ago (1 children)

That's simple, because the people making laws and overseeing the adherence to those laws are great buddies with those same CEOs.

So, corruption.

Though i do agree with you, there is no such thing as too big to fail. Government shouldn't have any handouts to corporations.

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[–] UnderpantsWeevil@lemmy.world 44 points 1 day ago
[–] Steve@startrek.website 14 points 22 hours ago (2 children)

How much do they spend when I pay nothing?

[–] Joelk111@lemmy.world 8 points 21 hours ago (1 children)

I think they might've broken the laws of math there, as they're certainly still spending a non-zero amount.

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[–] expatriado@lemmy.world 50 points 1 day ago (2 children)

they are spending infinite money for every $1 i pay them

[–] dgriffith@aussie.zone 35 points 1 day ago* (last edited 1 day ago) (7 children)

I'm quite happy to use their compute power for frivolous bullshit if it hastens their enshittification and demise.

"Hey Claude, can you begin work on an e-commerce site written in visual basic?"

*Two microseconds later... *

"Your free usage limit has been reached"

"Ok Claude see you tomorrow, maybe we'll think about a rewrite in Turbo Pascal"

[–] vk6flab@lemmy.radio 1 points 8 hours ago

We need this in Esperanto and the lost languages of Lutruwita.

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[–] adarza@piefed.ca 31 points 1 day ago (1 children)

so these crazy prices i hear about being implemented (like at github) should actually be at least 10x higher?

[–] Catoblepas@lemmy.blahaj.zone 31 points 1 day ago (1 children)

10x higher to break even :)

[–] megopie@lemmy.blahaj.zone 15 points 22 hours ago (1 children)

To break even on operating expenses, not even counting debt payments, depreciated capital value, or future recapitalization costs.

[–] toebert@piefed.social 4 points 16 hours ago

*Operating expenses before nvidia raises their prices so they can somehow make the line go up enough to justify it's massive evaluation.

[–] usernametbd@lemmy.zip 18 points 1 day ago

Definition of a Bubble. These AI huckster keep stringing investors on though. Sadly, I think these public IPOs coming up for Space X, OpenAI, and Anthropic will fall short of expectation and trigger the bubble popping.

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