Jen Buchan
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jenbuchan.bsky.social
Jen Buchan
@jenbuchan.bsky.social
35 followers 83 following 4 posts
I'll figure out what I want to say about myself someday. Don't put it down, put it away.
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Reposted by Jen Buchan
edzitron.com
There is no "AI Revolution" - this a repetitious public relations campaign for one company that accidentally timed the launch of ChatGPT with a period of deep desperation in big tech. This is a group delusion that will potentially torch our economy. www.wheresyoured.at/wheres-the-m...
What you are watching is not a revolution, but a repetitious public relations campaign for one company that accidentally timed the launch of ChatGPT with a period of deep desperation in big tech, one so profound that it will likely drag half a trillion dollars’ worth of capital expenditures along with it. This bubble will only burst when either the markets or the hyperscalers accept that they have chased their own tails toward oblivion. There is no justification for any of the capital expenditures related to generative AI — we are approaching the limit of what the transformer-based architecture can do, if we haven’t already reached it. No amount of beating off about test-time compute and connecting Large Language Models to other Large Language Models is going to create a new use case for this technology, and even if it did, it’s unlikely that it ever makes enough money to make it profitable. I will keep writing this stuff until I’m proven wrong. I do not know why more people aren’t more worried about this. The financials are truly damning, the user numbers so small as to be insignificant, the costs so ruinous that they will likely cost tens of thousands of people their jobs and one of the hyperscalers CEOs their job (although, admittedly, I’m less upset about that), and inflict damage on tech valuations that may rival the dot com boom. And if the last point feels distant to you, ask yourself: What’s in your retirement savings? That’s right. Google and Microsoft, and hundreds of other companies that will be hurt by the contagion of an AI bubble imploding, just as they were in the 2008 financial crash, when the failure of the banking system trickled down into the wider economy.
February 24, 2025 at 5:37 PM
Reposted by Jen Buchan
edzitron.com
OpenAI and Anthropic are not real companies — they are freeloaders living on venture-backed welfare for an indeterminate amount of time because the entire tech industry has agreed to rally around the world’s most unprofitable software. It's a disgrace.
www.wheresyoured.at/wheres-the-m...
OpenAI and Anthropic are not real companies — they are free-riders, living on venture-backed welfare for an indeterminate amount of time because the entire tech industry has agreed to rally around the world’s most unprofitable software. And like any free rider that doesn’t actually produce anything, when the money goes away, they’re fucked. Seriously, why are investors funding OpenAI? Do they seriously believe it’s necessary to let Sam Altman and OpenAI continue to burn 5 or more billion dollars a year on the off chance he’s able to create something that’s…alive? Profitable? What’s the endpoint here? How many more billions? Where is the fucking money, Sam Altman? Where is the god damn money? Because generative AI is OpenAI. The consumer adoption of this software has completely failed, and appears to be going nowhere fast. ChatGPT is sustained entirely on deranged, specious hype drummed up by a media industry that thinks it’s more remarkable to write down the last lie that Sam Altman told than say that OpenAI has lost $9 billion dollars in the last year and intends to more than double that number in 2025 for absolutely no reason. It is time to stop humouring OpenAI, and time to start directly stating that it is a bad business without a meaningful product. The generative AI industry does not exist without OpenAI, and thus this company must justify its existence. And let’s be abundantly clear: OpenAI cannot exist any further without further venture capital investment. This company has absolutely no path to sustain itself, no moat, and loses so much money that it will need more than $50 billion to continue in its current form.
February 24, 2025 at 5:37 PM
Reposted by Jen Buchan
louisathelast.bsky.social
For those who’ve been lucky enough to escape knowing about it, you shouldn’t watch it but you should know that the official White House Twitter account now posts shit like this www.cnbc.com/amp/2025/02/...
White House posts video of immigrants in shackles, calls deportation footage 'ASMR'
President Donald Trump has made the crackdown on undocumented immigrants living in the United States a priority for his second term in the White House.
www.cnbc.com
February 19, 2025 at 2:50 PM