this post was submitted on 20 Sep 2024
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What a waste of power. Somehow they went from "we're green tech!" to "fuck it, we need ALL the power" real quick. And for nothing.
For profit... somehow.
Don’t forget that Microsoft isn’t some dumb company trying to jump on the AI bandwagon. They’re a cloud provider and Azure provides lots of AI options.
Microsoft is one of the platforms raking in heaps of money from dumb companies trying to jump on the AI bandwagon. They’re the equivalent of the people selling MAGA shirts outside trump rallies.
True. But one of their biggest customers is OpenAI. A big part of Microsoft's investment in OpenAI comes in the form of free access to its data centers (which cost money to run, thus costing Microsoft in the short term). By taking advantage of OpenAI's non-profit status, Microsoft was able to write off a bunch of those losses early on as tax deductions.
But they're still losses.
Other firms using Microsoft to jump on the AI bandwagon might help make up the difference. But that's like saying "I'm only doing some of my own heroin, so I still come out ahead". Given the current rate of return on AI investments, the only truly correct investment value is $0.
They are making money off AI. Don't think they're not. I don't understand how, but these company's are getting profit.
If you look at the enterprise pricing and options for Copilot and Security Copilot, they're building a pretty obvious business model around automating everything from end user basic tasks to tier 1 incident response.
I'm not advocating that it will work, especially as a person in IR but, all the big players are pushing for security automation. All it's going to take is one high profile incident to shift the CSO's and the like to jump in with both hands full of "ai" purchase orders.
The shittiest part is, this is only going to eliminate more entry level secops jobs. Jobs that are generally a great place to start in the industry.
It's also going to create more headaches for the people left to fix things
Are they? The Subprime AI Crisis
Not necessarily. Companies chase what's popular because it boosts the stock. Executives get bonuses and move to the next hot idea.
Remember when everything was block chain?
No, I mean they are literally making money from it. Asianometry touched on it, but didn't explain how they were making the profit.
They're racking in a ton of investment case on AI. I'm sure there's also a slew of government contracts that keep this beast afloat.
But in terms of real value added to the economy? This seems like its just another Wall Street bubble waiting to pop.
Oh I agree. But the fact is these company's are seeing actual profits right now.
They're seeing a flood of new investment, but they're also absorbing huge losses from within their AI divisions.
The profits they're reaping are in other sectors.
The plant is actually going to be renamed "Crane Clean Energy Center" so it's fine!