Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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CEO Pleads With AI Industry to Stop Charging So Much to Replace Human Labor (finance.yahoo.com)

submitted 4 days ago by VetOfTheSeas@discuss.online to c/fuck_ai@lemmy.world

97 comments fedilink hide all child comments

Speaking during an interview on CNBC's "Squawk on the Street" segment earlier this week, CEO of cybersecurity giant Palo Alto Networks Nikesh Arora implored the tech industry to lower the cost of AI.

During the segment, the chief executive argued that the cost to use large language models (LLMs) has to drop by 20 percent by 2027 — and 90 percent by 2028 — for the tech to be useful to enterprises.

"We need to see the pricing for AI come down," Arora said.

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[–] Don_alForno@feddit.org 10 points 3 days ago (1 children)

You assume AI companies are making a profit. None of them are.

[–] betanumerus@lemmy.ca -4 points 3 days ago* (last edited 2 days ago)

It's very common in the tech industry for expenses to exceed revenues in the first years. Look at Amazon way back. That's only one of the most famous examples. The difference between revenues and expenses is what I call a profit, regardless of whether that number is positive or negative.

Edit: Hey downvoters: I'm not the one who built Amazon nor accounting. Sorry to be the one to break it you but you can pour your bitterness elsewhere: https://en.wikipedia.org/wiki/Profit_(accounting)