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IBM CEO says there is 'no way' spending trillions on AI data centers will pay off at today's infrastructure costs
(www.businessinsider.com)
"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.
IBM doesn’t know how innovation works in corporate America, news at 11.
Of course the entire investment won’t be recovered. No one expects it to. It’s a race, and to the victor goes the spoils. Most of these efforts will fail spectacularly, but a small handful will succeed spectacularly.
That's great and all, except no one is fucking succeeding. They're having to resort to revolving money to stay afloat and OpenAI has current debts going at over a 1.5 trillion.
Sure but it’s reasonable to say it’s too early.
My company is one example of a paying customer. Someone is earning a significant amount of recurring revenue from us as a customer. This is something new this year
Those providing companies had better be looking at the usual
While we have no information as to whether they are properly looking at it from a business perspective, it’s reasonable.
Presumably the forecasts are insane, as the only way to make sense of that. But time is the solution. Business people are looking at the numbers going up over time: that reality will fix insane forecasts. The bubble will burst when the business people get hit in the face with that reality.