It feels like we are just at the beginning of the worm turning with AI. The biggest players are becoming even bigger and now firing up old nuclear power plants to help offset the new power requirements, while the smaller players get eaten up or die off.
The investing world has started asking more questions about the future potential earnings and path forward for what is turning out to be just a really great auto complete.
The money is still flowing in but has it peaked for the blindly throwing money into these schemes? It takes a lot of capital to support the infrastructure needed and the payoff could be years away for investors.
What I don’t understand is what’s the game plan for all of this. The oligarchs are not the type to just burn their money for fun. Altman and Altman-wannabes, I can understand. They have an incentive to execute what is essentially and pump and dump and leverage other people’s money for personal benefit.
But companies like microsoft? Is their plan to keep plowing tens of billions of dollars into “AI” in hopes of eventually discovering/creating the “next IT revolution”?
They have to want a return. Even Zuck eventually stopped burning billions on his metaverse fetish (and he has full cart blanch on FB’s shareholders money).
To the surprise of everyone but the engineers and the consumer.
This is fucking ridiculous.
It feels like we are just at the beginning of the worm turning with AI. The biggest players are becoming even bigger and now firing up old nuclear power plants to help offset the new power requirements, while the smaller players get eaten up or die off.
The investing world has started asking more questions about the future potential earnings and path forward for what is turning out to be just a really great auto complete.
The money is still flowing in but has it peaked for the blindly throwing money into these schemes? It takes a lot of capital to support the infrastructure needed and the payoff could be years away for investors.
What I don’t understand is what’s the game plan for all of this. The oligarchs are not the type to just burn their money for fun. Altman and Altman-wannabes, I can understand. They have an incentive to execute what is essentially and pump and dump and leverage other people’s money for personal benefit.
But companies like microsoft? Is their plan to keep plowing tens of billions of dollars into “AI” in hopes of eventually discovering/creating the “next IT revolution”?
They have to want a return. Even Zuck eventually stopped burning billions on his metaverse fetish (and he has full cart blanch on FB’s shareholders money).