this post was submitted on 07 Nov 2026
400 points (99.3% liked)

Fuck AI

8723 readers
1345 users here now

"We did it, Patrick! We made a technological breakthrough!"

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.

Rules:

You can help the mod team by making your reports detailed.

Effective reports:

Less effective reports:

founded 2 years ago
MODERATORS
 

Anthropic, which officially filed to go public at a rumored valuation of up to $2 trillion dollars just a week before the elections.

As Bloomberg reports, those prospects are in free fall as the chaos takes hold. Some investors are now weighing bids that would value Anthropic as low as $1.1 trillion. While that’s still a huge valuation for a company that lost over $80 billion in the first half of 2026 alone, it’s a massive drop compared to the previously unbridled enthusiasm surrounding the firm’s IPO.

you are viewing a single comment's thread
view the rest of the comments
[–] NovaVeles@lemmy.world 28 points 20 hours ago

You think this is bad, the guys at OpenAI probably realized they are cooked! IPO is a way to cash out and flee to Argentina, instead they might walk face first into a combine harvester that is the remnants of the AI market. Poor Atlman can sell some RAM.