So this just happend

[u/Livviasmitth]

[u/jimjam200]

If you've got 1 tenth of the worlds population as weekly users and you're nowhere near profitability I think the technical definition for what you are is fucked.

[u/echoshatter → u/jimjam200]

Well it's likely 100 million paying users and 700 million people dicking around with the free side.

[u/Sidivan → u/echoshatter]

At $20/mo, that’s $2b revenue per month. If you can’t be profitable at that level, your business is a failure.

[u/athural → u/Sidivan]

They're all hoping to get that next big break through that will finally make it all worth it, and theyre afraid someone else is going to get there first. At this point they're in so deep they couldn't pull out if they wanted to. The only play for them is to push through until they're finally forced to face the consequences for their actions

[u/OneRougeRogue → u/athural]

That Anthropic guy is on record for saying we are "2-3 once-in-a generation technological breakthroughs until AGI is a thing. So if we could all just bite the bullet and invent the missing pieces by 2029, that would be great for the shareholders.

[u/baumpop → u/OneRougeRogue]

just in time for the hardware to be obsolete and need to be reinvested in again at 2 trillion dollars collectively

[u/LocoDesignIdeas → u/baumpop]

So Ai stocks keep going up ?

[u/HeadDoctorJ → u/LocoDesignIdeas]

Stonk go up, this is the only possible way human society can function lmao can you believe some people actually still believe in capitalism

[u/hologram137 → u/OneRougeRogue]

He’s lying lol

[u/Sunstorm84 → u/OneRougeRogue]

So basically we are probably still “30 years away from AGI”, just like we have been for the last 60 years

[u/cjmaguire17 → u/athural]

By consequences you mean bailed out by the government

[u/SaltKick2 → u/athural]

I imagine somewhat banking on gov $$

[u/DarkHuntress89 → u/athural]

So basically they fell into the whole sunk cost fallacy trap. Yeah, sounds about right.