@SpaceLifeForm you're not the only person who's been saying this for years
R
rysiek@mstdn.social
@rysiek@mstdn.social
Posts
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As of Q2 2024 almost half of all US VC investment is going into #AI hypehttps://sherwood.news/business/venture-capital-funding-ai-companies-investments/ -
As of Q2 2024 almost half of all US VC investment is going into #AI hypehttps://sherwood.news/business/venture-capital-funding-ai-companies-investments/As of Q2 2024 almost half of all US VC investment is going into #AI hype
https://sherwood.news/business/venture-capital-funding-ai-companies-investments/That's $27.1B. Twenty-seven point one billion dollars.
[dr Evil's pinky-to-corner-of-mouth intensifies]
What I'm saying is: they are running out of marks to scam out of investment money, folks.
And as much as there is talk about OpenAI's revenue, I have seen nothing about OpenAI or anyone in this space actually making a *profit*.
Apart from shovel-and-pickaxe vendors like #Nvidia, of course.