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1. nixCraft 🐧 (nixcraft@mastodon.social)'s status on Monday, 11-Nov-2024 22:00:55 JST nixCraft 🐧

   Chegg Is On Its Last Legs After ChatGPT Sent Its Stock Down 99%: After seeing its stock fall 99%, there are doubts the online education company will be able to pay its debts. https://gizmodo.com/chegg-is-on-its-last-legs-after-chatgpt-sent-its-stock-down-99-2000522585 For years, the company paid thousands of contractors to laboriously write answers to various questions. Now, the company is going out of business because OpenAI scrapped everything from the Internet without paying anyone, and those thousands of contractors/writers are also jobless.

   • nixCraft 🐧 (nixcraft@mastodon.social)'s status on Monday, 11-Nov-2024 22:00:55 JST nixCraft 🐧

     in reply to

     Many AI companies, including OpenAI, are currently unprofitable. They are taking jobs away from others, leading to a race to the bottom. Eventually, only large tech companies like Amazon, Google, Microsoft, & Apple, which have deep pockets, will survive this AI race. In the meantime, NVIDIA will be prepared for the next big bullshit with its GPUs, having already made a significant profit. Apart from job loss, I fear as they are pushing LLM into the medical field, innocent people are going to die

   • potpie (potpie@mastodon.social)'s status on Monday, 11-Nov-2024 23:00:29 JST potpie

     in reply to

     @nixCraft I had this realization with Twitter/X first, but I think it applies to many tech and social media companies that seem like they'll never reach profitability, though they chug along regardless. They simply don't need to. That's not the point.

     They're not businesses. They're weapons.