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AI industry criticized for wasting trillions on subpar tech

A prominent figure in the AI industry expressed strong dissatisfaction, stating that the sector has wasted over a trillion dollars on mediocre and expensive technology. This individual feels vindicated after two years of being labeled a luddite for questioning the industry's progress. The core issue identified is a lack of genuine, sustainable demand for AI products, with current revenues being experimental or heavily subsidized, leading to a situation where companies offer substantial value for free in hopes of future, potentially diminished, returns. AI

IMPACT Highlights concerns about the economic viability and actual value proposition of current AI products and investments.

RANK_REASON The cluster consists of opinion pieces from a prominent individual criticizing the AI industry.

Read on Mastodon — mastodon.social →

AI-generated summary · Google Gemini · from 2 sources. How we write summaries →

COVERAGE [2]

  1. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    “I’m sorry to be a little surly and dismissive, but the AI industry has burned over a trillion dollars and I’ve spent two years being told I’m a luddite and an

    “I’m sorry to be a little surly and dismissive, but the AI industry has burned over a trillion dollars and I’ve spent two years being told I’m a luddite and an ape for not celebrating it. I don’t care! I’m not impressed! I’m not coddling this mediocre, expensive crap!“ # EdZitron…

  2. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    “The problem with this marvelous plan is that at some point there had to be an honest transaction — real, honest, sustainable demand based on a reliable product

    “The problem with this marvelous plan is that at some point there had to be an honest transaction — real, honest, sustainable demand based on a reliable product that people liked paying for because they understood its value. Right now, AI revenues are either chaotically experimen…