- auzy1@lemmy.worldEnglish14 days
And that’s without paying royalties to content creators as they should be required to do
- Arancello@aussie.zoneEnglish14 days
also before court cases for defamation. Two cases in Germany hold Google executives responsible for false claims (by the Google AI) of sexual crime claims against an innocent man.
- 14 days
Good. If you want to make AI a form of communication then that’s the voice of your company. You’re endorsing whatever it says.
14 daysor counting the $1.5 trillion in debt the big AI players are hiding in subsidiaries
- borkborkbork@piefed.socialEnglish13 days
yeah the circle-jerk nvidia has created with coreweave and so many others just to wreck the gpu and memory markets, all so these hideously expensive AI racks can SIT IN THEIR FUCKING PACKAGING ON A LOADING DOCK because they don’t have power or cooling built is mindboggling
“The court finds Anthropic guilty and orders them to relinquish the whole of their company to the Group Representing All Artists”.
Artists : “Wait -”.
Dario Amodei : “Fuck yes! Good luck paying back those 80 billions, losers!”
- Nobody@anarchist.nexusEnglish14 days
An entire industry built around burning cash, water, and electricity to generate questionable answers based on glorified autocorrect. It’s astounding.
Throw another few trillion and a couple dozen rain forests at it. Completely rational behavior.
- Pringles@sopuli.xyzEnglish13 days
Have you actually used it recently? It’s become incredibly good. Calling it a glorified autocorrect is like calling ASML’s lithography machines a glorified polaroid camera.
Now now this is the frediverse. Your only allowed to ignore facts and hate on ai around here.
There’s plenty of good reasons to hate AI but in case you missed the notice on the door your not allowed to have nuance. It’s all or nothing.
lol… it’s hardly limited to the fediverse bud, people are learning why the economy is fucked: AI
why can’t they buy a console? AI.
OR A GPU.
OR AN SSD.
OR RAM.
OR A FUCKING SPINNING DISK HDD.
why does the food in the adverts look like nightmare fuel? AI.
why does the president think he’s popular? AI.
Tim Sweeney castigates Kenny - why? AI.
Musk can’t synthesize a personality so he snorts ketamine and AI.
where’s the upside, ASSHOLES? Your garbage is fucking up the entire planet, great fuckin work FANBOYS, shove that up your ass for NUANCE
In 20 years - if there’s still a civilization - they’re all gonna look back and wonder how so many were so fuckin dumb.
In 20 years we ALWAYS look back and wonder how so many were so fucking dumb. Thats literally history. Theres never a point where there isn’t some major fucking bunch of absolute idiots trying to ruin everything.
Ai is just this decades attempt at ruining everything.
ok, so it’s like asbestos and nuclear waste runoff, that’s not enough reason to hate AI for you?
instead of stopping the stupidity you’re like: find the nuance.
sexhaver87@sh.itjust.works - lol doubt sheetzoos@lemmy.world -
listen kids, if you’re not brave enough to let chatgpt give you a riposte don’t fucking participate ya little shits
That’s entirely enough reason to hate it.
But it’s also objectively fucking stupid to act as if this is some new historic event in human history and not just yet another dumb fuck move in a long line of dumb fuck moves.
Plenty of good reasons to be pissed off. You don’t have to lie and bullshit to make up more is what I’m getting at.
- ltxrtquq@lemmy.mlEnglish14 days
You act as though those billions of dollars spent towards other things (like cancer research) would somehow be better.
- Zron@lemmy.worldEnglish14 days
?
Fucking yes it would be better to put hundreds of billions of dollars every year into curing cancer/HIV/ Type 1 diabetes/alzheimers, literally any disease. Curing a major illness like those would actively help hundreds of thousands or millions of people around the world every year.
What does AI help? My fucking manager in sending cryptic emails that raise more questions than answers?
Dump a few hundred billion into disease research, or fusion power, or just into housing for all of us.
- SabinStargem@lemmy.todayEnglish13 days
AI helped me with my voting ballot. I asked Kagi’s AI to research the ambiguous candidates and propositions. I had it put them into a political alignment chart - left/centrist/rightwing. Addendums for candidates included things like whether they had criminal convictions or corruption, stance on vaccinations, how they feel about “tough on crime”, the homeless, ect.
For propositions, the political alignments had a fourth entry added, where the yes/no included the wealth level of backers for a position.
This is very useful, completing in a hour what would have taken a week of research. Very useful for digging into the mechanical details of a proposition, like whether it prevented the replacement or supplementing of a measure.
- Zron@lemmy.worldEnglish10 days
That’s a lot of words just to say you’re an idiot that would rather offload important critical thinking skills to a piece of software that a rational person wouldn’t trust to provide a cookie recipe.
- SabinStargem@lemmy.todayEnglish9 days
Better to be an idiot, than to be an jackass. I wouldn’t trust you to be a good person.
Also, the cornbread recipe the AI gave me an hour ago is pretty damn good. Perfectly adjusted to my ingredient list, tools, and pan size, and specifics like whether I want the food to be moist or dry.
- Zron@lemmy.worldEnglish9 days
Rather be a jackass with a brain than a drooling moron that can’t figure out a cornbread recipe without consulting fancy autocorrect.
- CybranM@feddit.nuEnglish13 days
With a .ml account you need to. I’ve heard way more absurd statements said with a straight face from .ml users
Is there a way to access this without having to pay for/have an account?
- usernamesAreTricky@lemmy.mlEnglish14 days
The full article isn’t very long like a handful of paragraphs. TL;DR they lost $72 billion in Q3 despite revenue going up a lot. Same year same quarter was just $13 billion in net loss
- schipelblorp@sh.itjust.worksEnglish14 days
they lost $72 billion in Q3 despite revenue going up a lot.
Despite? More like because. If compute is subsidized, every extra compute adds to the loss.
- yes_this_time@lemmy.worldEnglish14 days
72 billion was a paper loss. 8 billion loss is still a lot though!
- 14 days
Can you elaborate on that a bit more, I figured thats what this was trying to say
The loss, up from $13 billion a year earlier, was driven by $72 billion in accounting charges tied to changes in the value of financial instruments Anthropic issued to raise money, the report said, citing a draft prospectus for its IPO.
But I didn’t really understand it?
- phdepressed@sh.itjust.worksEnglish14 days
Pre-IPO investors fund the company but it isnt like they give all the money upfront. They do it in pieces and can increase or decrease as targets are reached, failed, or pivoted. This keeps the investors less likely to lose money. As debts and losses are shown the value of the company dropped and how much money is on tap for the future decreases. In this case 72B of funding was “lost”. This is paper money because they only had it on paper they didnt have the gold in hand.
Essentially their potential value to their current investors dropped 72B.
The reported net loss is real as they used more money than they made.
Neither factor is going to bankrupt or close the company considering they still have a bunch on hand and their investors still seem to think theres a possibility of profit (just less than before).
That’s my non-expert understanding anyway.
- 14 days
Anthropic logged net loss of over $80 billion in first half of 2026, WSJ reports October 20, 2026 3:41 PM EDT Updated 51 mins ago
Oct 20 (Reuters) - Anthropic reported a net loss of more than $80 billion in the first half of the year and signaled it could spend as much as $750 billion in the coming years to secure more computing capacity, the Wall Street Journal reported on Tuesday.
The loss, up from $13 billion a year earlier, was driven by $72 billion in accounting charges tied to changes in the value of financial instruments Anthropic issued to raise money, the report said, citing a draft prospectus for its IPO.
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The figures show the hefty costs of the AI race even as investors look harder at whether the money companies are pouring into chips and data centers will pay off.
Anthropic’s revenue jumped to $16.3 billion in the six months ended June 30 from $1.1 billion a year ago, while AI infrastructure spending nearly quadrupled to almost $9 billion, the Journal said.
Anthropic did not respond to a request for comment and Reuters could not immediately verify the report.
ANTHROPIC’S IPO VALUATION UNDER SCRUTINY
Reuters reported first in September that Anthropic posted a net loss of $42 billion in 2025, as part of a series of exclusives from its IPO prospectus. The company has benefited from the popularity of Claude Code, its coding assistant that developers use to write software and build apps.
But some current investors and prospective investors who attended Anthropic’s investor day last week are weighing a lower valuation for the AI company after its latest financial disclosures, four people familiar with the matter had told Reuters.
The investors who attended the event in San Francisco discussed a valuation of around $1.5 trillion, three of the people had said, a significant step down from the roughly $2 trillion valuation previously expected for the November share sale.
Anthropic told investors at the meeting that its third-quarter revenue jumped 45% to $16.8 billion from the previous quarter, and that it was profitable on an adjusted basis during the quarter.
A cooler reception for Anthropic’s IPO could weigh on the wider AI market, whose near-term prospects investors see as hinging largely on the share sale’s success, ahead of rival OpenAI’s potential listing next year.
Reporting by Aditya Soni and Jaspreet Singh in Bengaluru; Editing by Sahal Muhammed
Thanks for this. The wallhop link posted by another user was a shitty summary.
I tried to paste the original link to archive.ph but got an error.
Can you fill me in/link me to the site you use to get around paywalls?
- guycls@lemmy.worldEnglish14 days
I mostly use https://periscope.corsfix.com/
Since archive.ph/12ft.io fails quite often for me.
huh, I didn’t realize it had a paywall because Brave shows it just fine here…
You could try putting the link https://wallhop.io/
(It doesn’t work for all sites, but I’ve had a decent success rate.)
- schipelblorp@sh.itjust.worksEnglish14 days
Yes, look up Ed ZItron on Youtube. He’ll be talking about it by Friday at the latest if I know him.
- 14 days
thats about how much money Meta spent on trying to make the Metaverse work over a 4ish year period. Thats an insane amount of money for one company to spend in half a year. Like a mind-boggling amount of money. Even if you’ve made $16B in the same time frame, you’re still 5 times deeper in the hole
- jtrek@startrek.websiteEnglish14 days
That’s a lot of money that could have been spent on healthcare, food security, housing, transit, climate change problems…
- AliOski@feddit.nlEnglish14 days
That’s not how that works… the money “lost” isn’t going down the drain. It is… going somewhere, doing something useful. That’s why it is a loss to the company.
- jtrek@startrek.websiteEnglish14 days
If it’s going to make LLMs it’s not as useful as the other things I listed. Paying a bunch of software engineers $300k each to work on LLM nonsense instead of something useful is a shame. Sure, the money isn’t set on fire, but the opportunity cost is large.
- RandomStranger@piefed.socialEnglish13 days
I mean… A lot of the money is being spent on compute, which is just consuming electricity, which is many times made from coal or gas. So a lot literally is on fire.
Your confusing fact with opinion.
Factually yes it’s useful to the company.
Your opinion is that the usefulness doesn’t justify it and this isn’t useful.
The real question is, is it useful enough. Which is likely no.
- fosho@lemmy.caEnglish13 days
That’s at least 3 "your"s in this thread when it should be “you’re”. If you’re wondering why you’re getting down voted…
I’m not wondering nor do I see the point of downvotes? I will never understand the weird fixation with down votes.
Also I don’t even see these downvotes your talking about in the first place. My post appears to have no downvotes and one upvote to me.
So either something is broken here or your bullshiting for a reason I don’t understand.
- protist@retrofed.comEnglish14 days
The loss, up from $13 billion a year earlier, was driven by $72 billion in accounting charges tied to changes in the value of financial instruments Anthropic issued to raise money
This right here is how all of this will come crashing down. Anthropic and OpenAI, along with several associated companies, are using accounting tricks to hide their debts and obligations. These two are trying to maintain hype for investors so they can cash in on an IPO with total disregard for long-term fiscal sustainability. At some point the bill will come due, and you can bet the C-Suite will have already made out like bandits.
- AreaKode@riskeratspizza.comEnglish14 days
Modern companies are only profitable in late stage capitalism if they fall into one of they two categories: scams or gambling.
- Bustedknuckles@lemmy.worldEnglish14 days
Didn’t SpaceX just report AI profit? I wonder how creative their accounting is
- 14 days
Grok is very creative.
Imagine being that deep in a hole and then trying to get an IPO invested. Thing is, it’s all about investment. The corporate world has thrown themselves at AI to be the next best thing to cut labor and make THEIR numbers look better, so they’re going to hold it up as long as they can now.
- RedGreenBlue@lemmy.zipEnglish14 days
Please don’t make the tax payer pay for it. The tax payer is gonna pay for it, right?
- portifornia@piefed.socialEnglish13 days
Indeed. But we are also known for dragging the rest of the world down with us. So brace yourselves.
- heartSagan5@lemmy.zipEnglish13 days
Goddamm… This could easily have housed every man, woman, and child in this country. But no, no free housing while we squander wealth with our stupid ideas.
- buddascrayon@lemmy.worldEnglish12 days
Not to mention using all that land and water resources to prop up their AI ambitions.
