Today's feature from our latest print issue is from researcher and writer Bryan McMahon about AI, and specifically the *business* of AI. Though hundreds of billions have been poured in, that money hasn't bought dominance, & a gaping hole in the public markets may result.
https://prospect.org/power/2025-03-25-bubble-trouble-ai-threat/
https://prospect.org/power/2025-03-25-bubble-trouble-ai-threat/
Comments
The Broligarch Psychos even think it's going to make God for them and make them immortal.
ENOUGH of this nonsense!!! AI will NOT be ready for prime time for a long time.
It's grift all the way up, down, in, out, and all around.
-OpenAI loses $2 for every $1 it makes
-OpenAI projects annual losses of $14 billion by 2026
-To break even OpenAI needs to increase revenue 25x in just 5 years
-33% of VC portfolios are committed to AI
-5 AI-heavy stocks account for 29% of the S&P 500's value
I knew AI would kill is all but I thought it would be in the fun way like with Terminators.
Goes back to real education and engineering...
Put that money into educating real people on the things they should know.
Actually, they won't be that articulate. More like, "Used to be writing fast easy now [emoji] [emoji].
Blowing smoke.
https://bsky.app/profile/ddayen.bsky.social/post/3ll7bvm534c2u
( Spoiler - it will replace workers. )
The Real Deep State (Part 1/7) https://americanmanifesto.news/p/the-real-deep-state-part-1-of-7?r=4scml7&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
And the wishful lemmings do it collectively. VR, NFTs, crypto, autonomous vehicles. And get these things into an unsustainable orbit.
The big ego…
And what we will all be left with is massive data centers, being used for the only lucrative industry left—Government and commercial surveillance.
Now they’re a cash printing machine.
The analogy to FB only works if you believe AI will be absolutely everywhere used by a very large number of people daily
I don’t see it personally
I already use AI a ton for work and a decent amount for personal use. So I do see that, very clearly 🤷🏻♂️
No-one is saying FB would fail but they did spend heavily to entrench their position
Your Gran uses FB, why would she need AI?
Even if some other competitor steps in, like FB did to Myspace, Social Media didn't go anywhere, just like AI won't if OpenAI doesn't ultimately "win"
The technology is here to stay.
Further, once it became the most popular social media platform in the world (2007), its path to cash flow was clear (targeted ads). There is no similar path for OpenAI.
https://prospect.org/power/2025-03-25-bubble-trouble-ai-threat/
I'm with the part of the Wiki article that points out that it's basically Pascal's Wager again.
Only WAY more stupid. Which is an achievement.
I just pitched this idea to some dude whose name rhymes with Shark Manfleecin’ and lemme tell you HE FREAKIN’ LOVED IT!!
AI admitted faking results but apologized
(aside - if you hate that Copilot is in MS Office, ask support to downgrade your subscription to the secret non-Copilot subscription level)
😬😬😬
https://bsky.app/profile/philipaubin.bsky.social/post/3lkopvoswv22t
I’m Maha from Gaza. I lost my father, and my sick mother needs continuous treatment. We have no provider just my mother, my little brother, and me.We live in a fabric tent with no income. Please help us. I want to fulfill my father’s dream by studying engineering.🙏💔
https://gofund.me/2790a0f8
I know this is upsetting to you, 🙏🏻 but please save my family from death, just $30 we want to raise $540 to provide food for my family 💔
No need to own stocks with historically high valuations with expected slow growth, possible trump #recession, corruption from the #oligarchy, and lots of chaos from the #dictator president.
https://www.tradingview.com/symbols/USI-TVOL.NQ/?utm_source=traderlion.com&utm_medium=widget_new&utm_campaign=chart&utm_term=USI%3ATVOL.NQ
But Alibaba pricing is 1/2 of DeepSeek!
https://bsky.app/profile/carlquintanilla.bsky.social/post/3ll7bex6i222o
c'mon, @support.bsky.team, where's the Bookmark feature
Bubble who?
How much?
That’s crazy!
I can do it for…😂
The AI bubble is unique in how much money it burns to keep it inflated. I'm more worried about the effect of recession or stagflation forcing the AI bubble to pop at the worst possible time, and how that will ripple through the economy.
Another one.
Good.
My current pet theory is that OpenAI and its ilk are just the current story the tech industry tells to get tech investors to hand money to conventional energy producers.
That’s when AI will fire all the cubicle workers (public & private sectors both) and take over their jobs.
Also, “they’re” lying about RFK’s measles.
Aside from snark, the analogy is a nod to the fear that ...
It is totally possible the first mover advantage is not so big but if it is big and the USA misses out to China then maybe they become the unipolar power.
It undermines the quality of the article.
Guaranteed they will do it. The tech lords will not let the so-called"AI revolution" fail.
I'm guessing this 2024 piece was one of the drivers that led the way...
Wonder how much they realise they shot themselves in the foot over this one...
https://a16z.com/the-little-tech-agenda/
The text is 100% human (but probably fed into an LLM by now)
Maybe someday it will. Come back in a couple of decades and we'll see. But even then, I doubt it will create God and make the Broligarchs immortal the way they're hoping.