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So Far, AI Is a Money Pit That Isn't Paying Off (gizmodo.com)

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 10 months ago (1 children)

What I'm curious is what's going to happen to all these companies that went all-in on building data centers when they weren't doing it previously. Places like Meta and Amazon are huge enough that it's always been a sound investment but with this hype there are other companies trying to set up server farms with no real prize in sight.

[–] [email protected] 5 points 10 months ago* (last edited 10 months ago)

I mean A100s don't exactly break that quickly and they're specialised enough hardware so that they will continue to be able to rent them out. They're also overpriced AF though which might cut into the bottom line but they're probably not going to end up with a giant loss, I don't really doubt they will break even. Opportunity costs are stellar, but OTOH there's so much billionaire capital floating around screaming for opportunities to park itself in that macro-economically it's negligible. Also I'm not exactly in the habit of crying about billionaires having a low ROI.