this post was submitted on 20 Sep 2024
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[โ€“] TachyonTele@lemm.ee 2 points 12 hours ago (1 children)

Oh I agree. But the fact is these company's are seeing actual profits right now.

[โ€“] UnderpantsWeevil@lemmy.world 6 points 12 hours ago

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.