Fr. Josh Miller on Nostr: Anthropic with a $2T valuation, even though they're bleeding money? Right on ...

Anthropic with a $2T valuation, even though they're bleeding money? Right on schedule.

quoting
nevent1q…dypy

The AI grift track:

Unsustainable cost/business model as they continue to circulate capital between themselves, calling it "income" (ala Nvidia/OpenAI swapping funds back and forth) -->

--> Hype. Lots of hype. We've been living this for two years or more now. AI is dangerous. AI will change the world. AI will revolutionize the way you eat your Cheerios -->

--> High IPOs. OpenAI just announced theirs. This is where the big boys get paid. -->

--> Scaling back on the hype, including the quiet shelving of "Data Center" madness. Notice how none of these are actually being completed and opened? Because compute is so expensive and the model is unsustainable, I fully expect OpenAI and Anthropic to shift to legacy corporate customers only, abandoning individual users. There is no way to make it cheap enough for you to use, especially as these models keep scaling up in terms of complexity -->

--> The destruction of the little guys who cannot keep up with big boys, leaving only OpenAI/Anthropic and the smatterings of Big Tech with functional (diversified) business models -->

--> You and I running open local models only. Not a bad thing, as they are getting better, and will do everything you probably need them to.

And that's the grift. Nostrajoshmus has spoken.