the AI company disclosed a net loss for the first half of the year of $80 billion, alongside hundreds of billions of dollars’ worth of compute commitments and more than 90 pages of risk factors.
But if you ignore all their expenses and don't count future commitments, they are already profitable.
The really amazing aspect of all this is the number of companies building AI into their operations even though they have no idea what the real, actual cost will be. The only thing they should know is that it will almost certainly be more than they are currently paying.
This could turn out to be the biggest bait and switch in history. Once you've fired lots of employees and you're dependent on AI and their "future commitments" start kicking in, *then* they'll tell you how much AI is really going to cost you.
The article has some good information, but the (somewhat) interactive circular financing UI halfway through is what's really interesting.
The spending commitment numbers are staggering. Deals in the 100s of billions of dollars all over the place. Sometimes the same place!
the AI company disclosed a net loss for the first half of the year of $80 billion, alongside hundreds of billions of dollars’ worth of compute commitments and more than 90 pages of risk factors.
But if you ignore all their expenses and don't count future commitments, they are already profitable.
The really amazing aspect of all this is the number of companies building AI into their operations even though they have no idea what the real, actual cost will be. The only thing they should know is that it will almost certainly be more than they are currently paying.
This could turn out to be the biggest bait and switch in history. Once you've fired lots of employees and you're dependent on AI and their "future commitments" start kicking in, *then* they'll tell you how much AI is really going to cost you.