FoxtrotDeltaTango@sh.itjust.works to Technology@lemmy.worldEnglish · 7 hours agoExecs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Freefuturism.comexternal-linkmessage-square96fedilinkarrow-up1531arrow-down12
arrow-up1529arrow-down1external-linkExecs Confused and Horrified by the Huge AI Bills After Thinking They Could Replace Workers for Freefuturism.comFoxtrotDeltaTango@sh.itjust.works to Technology@lemmy.worldEnglish · 7 hours agomessage-square96fedilink
minus-squarePacattack57@lemmy.worldlinkfedilinkEnglisharrow-up2·2 hours agoI’m sure there’s a term for it but this is like when a company keeps securing funding from investors so they keep growing to try to outpace costs with the illusion that you’re profitable when in reality you’re not. Just like WeWork.
minus-squareEpeeGnome@feddit.onlinelinkfedilinkEnglisharrow-up1·1 hour agoIt’s just a Ponzi scheme with extra steps.
I’m sure there’s a term for it but this is like when a company keeps securing funding from investors so they keep growing to try to outpace costs with the illusion that you’re profitable when in reality you’re not. Just like WeWork.
Venture capital
It’s just a Ponzi scheme with extra steps.