RE: https://techhub.social/@GregCocks/117403488683651168
More of this, please...!
#noaidatacenters — Public Fediverse posts
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Great quote from the #AIRefusal workshop. It pretty much sums up the #AIBubble!
"And honestly, I think there's a certain amount of chicken and egg here, where it's like, people can't admit that they've invested too much in this technology, so they have to keep pushing it and pushing it and pushing it. In the first half of last year, capital expenditures on AI added more to the U.S. economy than all consumer spending.
"Like, all the money that all of us spent on anything was less than the amount that these companies were investing into AI.
So it's a very, very big part of the economy right now."However, it's extremely expensive for companies to build and run these technologies, and most companies that are, you know, startups trying to build themselves on AI, fail."