this post was submitted on 20 Sep 2024
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I thought it was satire, before I look to the source. (feddit.org)
submitted 1 day ago by 101@feddit.org to c/whitepeopletwitter@sh.itjust.works
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[–] UnderpantsWeevil@lemmy.world 4 points 1 day ago (1 children)

They're racking in a ton of investment case on AI. I'm sure there's also a slew of government contracts that keep this beast afloat.

But in terms of real value added to the economy? This seems like its just another Wall Street bubble waiting to pop.

[–] TachyonTele@lemm.ee 3 points 1 day ago (1 children)

Oh I agree. But the fact is these company's are seeing actual profits right now.

[–] UnderpantsWeevil@lemmy.world 7 points 1 day ago

They're seeing a flood of new investment, but they're also absorbing huge losses from within their AI divisions.

The profits they're reaping are in other sectors.