Over the last three years, companies worldwide have invested between 30 and 40 billion dollars into generative artificial intelligence projects. Yet most of these efforts have brought no real business…
In no small part because they see it as a time-limited gateway to permanent, infinite profits through market consolidation, job cutting, and government contracts. After all, if they get there FIRST, it’s all theirs, and the infinite profits then will make up for all the money spent now. Never mind the fact that in doing so they’ll destroy the environment, the economy, and the world long before they can actually SPEND those profits on anything.
It worked for Google. They corraled a majority of the internet into providing them add revenue. Google maps, Gmail, google search engine, youtube… all just more ways for them to scrape your data and serve you adds. Investors are hedging their bets on what could replace google as the information monopoly of the future.
In no small part because they see it as a time-limited gateway to permanent, infinite profits through market consolidation, job cutting, and government contracts. After all, if they get there FIRST, it’s all theirs, and the infinite profits then will make up for all the money spent now. Never mind the fact that in doing so they’ll destroy the environment, the economy, and the world long before they can actually SPEND those profits on anything.
It worked for Google. They corraled a majority of the internet into providing them add revenue. Google maps, Gmail, google search engine, youtube… all just more ways for them to scrape your data and serve you adds. Investors are hedging their bets on what could replace google as the information monopoly of the future.