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 3 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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[–] Crackhappy@lemmy.world 4 points 2 hours ago (1 children)

OH come on, revenue != profit. That's why it's a boom (bubble).

[–] Buffalox@lemmy.world 1 points 42 minutes ago* (last edited 41 minutes ago)

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.