Fuck AI

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"We did it, Patrick! We made a technological breakthrough!"

A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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Character.ai files for bankruptcy, citing legal and operational woes (www.cbsnews.com)

submitted 2 days ago by wjs018@piefed.social to c/fuck_ai@lemmy.world

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Character.ai said it has filed for Chapter 11 bankruptcy protection, with its chief executive attributing the chatbot provider's financial problems to "significant legal, regulatory and operational headwinds."

The company said it will continue operating as it seeks to sell its business, and added that The Walt Disney Co. has agreed to pay $20 million for a non-exclusive, perpetual license to Character.ai's intellectual property.

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[–] wjs018@piefed.social 59 points 2 days ago

There's also a Techcrunch article that had this bit of insight:

It also shows that consumer-facing AI products are really hard to scale and monetize. Character.AI was one of the top apps in terms of time spent, according to analytics firm Sensor Tower. But high engagement can be a double-edged sword; AI costs rise the more people use the app, which consequently also increases the pressure to monetize users.