this post was submitted on 12 Jul 2026
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Fuck AI
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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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You assume AI companies are making a profit. None of them are.
It's very common in the tech industry for expenses to exceed revenues in the first years. Look at Amazon way back. That's only one of the most famous examples. The difference between revenues and expenses is what I call a profit, regardless of whether that number is positive or negative.
Edit: Hey downvoters: I'm not the one who built the Amazon story, nor accounting. Sorry to be the one to break it to you but you can pour your bitterness elsewhere: https://en.wikipedia.org/wiki/Profit_(accounting)