this post was submitted on 20 Sep 2024
195 points (99.5% liked)
People Twitter
4975 readers
1442 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a tweet or similar
- No bullying.
- Be excellent to each other.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
They are making money off AI. Don't think they're not. I don't understand how, but these company's are getting 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.