Yann LeCun says xAI is "kind of a failure" – and the whole AI industry might be headed for a reset

[Endymio]

The banks stopped lending money to build data centers.... if your credit score goes from 800 to 500 because you're $20b in debt and can't turn a profit, it's going to be hard to upgrade you're [sic] hardware

You keep repeating disinformation like this, based solely on what you read in an article about one single firm: OpenAI. Most AI firms are turning large profits, and many of them have little to no debt. Palantir, for instance, with a market cap of $300B and a total debt of just $0.1B. Tesla's enormous recent spending on AI has put it $9.6B in debt ... but given their market cap is $1.3T (that's $1,300 billion) their debt is trivial. Anthropic is nearing a $1T valuation also, with only $35B in debt. Meta has more debt: $69B ... but that is more than outweighed by the $81B they currently hold in cash and short-term equities.

In 20 years, AI is going to be embedded in everything from ladies lingerie to toothbrushes. That future may frighten you, but that's no reason to deny the reality.

 

[Lounds]

You keep repeating disinformation like this, based solely on what you read in an article about one single firm: OpenAI. Most AI firms are turning large profits, and many of them have little to no debt. Palantir, for instance, with a market cap of $300B and a total debt of just $0.1B. Tesla's enormous recent spending on AI has put it $9.6B in debt ... but given their market cap is $1.3T (that's $1,300 billion) their debt is trivial. Anthropic is nearing a $1T valuation also, with only $35B in debt. Meta has more debt: $69B ... but that is more than outweighed by the $81B they currently hold in cash and short-term equities.

In 20 years, AI is going to be embedded in everything from ladies lingerie to toothbrushes. That future may frighten you, but that's no reason to deny the reality.

Tesla is over valued. BYD are building cars more efficiently and make more profit than Tesla yet have market cap of 13x less.

Musk is the king of grifters.

In terms of AI I can see Google being number 1. They track more data than any company on earth.

 

[BuckarooBonzaii]

After the great AI reset only the strong will survive. And those who fail will move on. The smarter ones will have seen the reset early on and will have gotten out to reap their profits.

 

[yRaz]

You keep repeating disinformation like this, based solely on what you read in an article about one single firm: OpenAI. Most AI firms are turning large profits, and many of them have little to no debt. Palantir, for instance, with a market cap of $300B and a total debt of just $0.1B. Tesla's enormous recent spending on AI has put it $9.6B in debt ... but given their market cap is $1.3T (that's $1,300 billion) their debt is trivial. Anthropic is nearing a $1T valuation also, with only $35B in debt. Meta has more debt: $69B ... but that is more than outweighed by the $81B they currently hold in cash and short-term equities.

In 20 years, AI is going to be embedded in everything from ladies lingerie to toothbrushes. That future may frighten you, but that's no reason to deny the reality.

Im sorry that the truth is considered disinformation to you. Tesla has highest price to earnings ratio in history. You often talk about being some elite investors, but you seem not understand how stock prices have nothing to do with te value of the company or how much they make. Now before I write you an essay on why Tesla is so absurdly over valued, do you know why their P:E ratio is so high?

 

[Nictron]

No mention or comparison of cost of compute.

All AI companies are loosing money currently and cost of compute is increasing. xAI has a cost to compute 9-11x lower than Google.
Yes, they have less customers but other companies are loosing more money than xAI. xAI's Anthropic deal might turn out very profitable for xAI.

Time as always, will tell.

 

[ironhacker]

What's shocking is people like yourself who enjoy spreading absurd disinformation, on the fallacious belief it advances your warped political goals.

Plenty of documented cases such as "MechaHitler" and "white genocide ". Probably included X Posts in training data, which is a sess pool.

Notice it wasn't the OP that injected "political motives" into the conversation. You're telling on yourself.

 

[Art C]

It's safe to ignore the insufferable political left throwing shade at Elon Musk simply because he is friendly with the President.

 

[Endymio]

Im sorry that the truth is considered disinformation to you. Tesla has highest [sic] price to earnings ratio in history.

Stop spreading disinformation: this isn't even remotely true. Tesla's P/E ratio is positive; many thousands of companies have had *negative* ratios, sometimes lasting years or decades. Companies with zero profit have infinite p/e ratios, and many of those have existed as well.

 

[trents]

The man speaks some common sense into the AI gold rush.

 

[mjuice7]

What's shocking is people like yourself who enjoy spreading absurd disinformation, on the fallacious belief it advances your warped political goals.

that's a bit rich coming from someone who claims that there is an antifa mask & backs that claim up with hilarious sources that are not credible... fauxnews & turdingpoint USA. is that little red hat of yours a bit too tight?