>David Cahn, a partner at venture-capital firm Sequoia, estimates that the money invested in AI infrastructure in 2023 and 2024 alone requires consumers and companies to buy roughly $800 billion in AI products over the life of these chips and data centers to produce a good investment return. Analysts believe most AI processors have a useful life of between three and five years.>This week, consultants at Bain & Co. estimated the wave of AI infrastructure spending will require $2 trillion in annual AI revenue by 2030. By comparison, that is more than the combined 2024 revenue of Amazon, Apple, Alphabet, Microsoft, Meta and Nvidia, and more than five times the size of the entire global subscription software market.Financially speaking, how does this make any sense? https://www.wsj.com/tech/ai/ai-bubble-building-spree-55ee6128?st=2HEo23&reflink=desktopwebshare_permalink
>>60997319it's over
>An MIT report found 95% of organizations surveyed are getting no return on their AI product investments. A University of Chicago economics paper found AI chatbots had “no significant impact on workers’ earnings, recorded hours, or wages” at 7,000 Danish workplaces.
They don't care because you pay for this
>>60997319I'm just not going to buy the subscription service. Or vaccinate for that matter either.I knowww uhhhhhhit's just like the nanobots and stuff and did they even test it?
