3 ms·

If the tech giants are funding it themselves, could it mean maybe they know something cnbc doesn't?

• marcosdumay 2y ago
  It can be. It can also be that they are making bad investments. This wouldn't be the first time a large company buys worthless stock.
• lm28469 2y ago
  They're all scrambling to come up with the new shiny thing because they haven't shat out anything remotely interesting in more than a decade at that point. Crypto, VR, now generative AI, it comes and goes... Also: https://www.goldmansachs.com/images/migrated/insights/pages/gs-research/gen-ai--too-much-spend%2C-too-little-benefit-/TOM_AI%202.0_ForRedaction.pdf https://www.goldmansachs.com/images/migrated/insights/pages/...
• snakeyjake 2y ago
  Tech giants can't do anything else with the cash they make by stealing your data to serve you ads besides throw it at hot new things in an attempt to make their line go up. They aren't fortune-tellers, although getting extremely lucky by being at the right place at the right time and knowing the right people tends to make them think they are. At least Meta had the bright idea to hook old people on AI-generated images of soldiers and American flags in order to boost engagement and ad impressions. Flooding their platforms with AI trash to feed off various addictions is the most financially viable AI strategy I've seen to-date.
• rchaud 2y ago
  This is what people were saying about the "Metaverse" when Zuck was setting billions on fire trying to make it a thing.