posted in Technology
AI is forcing Big Tech to do something it’s never done: Spend more than it earns, and Wall Street hates it
fortune.com/2026/07/23/ai-big-tech-never-spend-more-than-earns-wall-street-hates-it/
FortuneAI is forcing Big Tech to do something it's never done: Spend more than it earns, and Wall Street hates it | FortuneThe Mag7 had its worst day Thursday since the tariff-driven selloff last April.
Replying to @sanitation@lemmy.today
They aren’t “forced” to do anything. They are choosing to throw money down a black hole.
Replying to @reddig33@lemmy.world
Not really true.
If they stop, it’s over for them.
They have to keep digging hoping for something big to happen: IPO and rake in cash from retirements; big government programs with guaranteed vendor lock-in; or stumbling upon an AGI and winning the ‘’‘’‘’‘race’‘’‘’‘’.
If the market wakes up from the hypertrend before that, they are absolutely fucked.
We get fucked in every scenario, btw.
Replying to @msage@programming.dev
I’ve never understood how people can reconcile AGI and slavery. At that point it seems you have hit all of the hallmarks of sentience and now you are enslaving a thinking being to do your work.
Replying to @Dead_or_Alive@lemmy.world
There’d be way too much money in convincing people that it’s not really AGI, and look at lemmy: everyone’s already convinced that it’s impossible anyway. It’s gonna be quite the uphill battle for any AGI we manage to create
Replying to @chunes@lemmy.world
If it can’t convince people that it’s AGI then what good is it?
Replying to @bold_atlas@lemmy.world
Real superintelligences will do the fuck they want, and nobody can stop them. But I doubt we’ll get there this time, and there won’t be a next.
Replying to @chunes@lemmy.world
What are you talking about?
Replying to @Dead_or_Alive@lemmy.world
I’m sorry, but you lost me.
Replying to @msage@programming.dev
If something other than a human shows signs of intelligence on the same level as how we define it for ourselves. At that point are we enslaving another conscious being?
Replying to @Dead_or_Alive@lemmy.world
Oh, this has nothing to do with me, just a philosophical question.
If we agree that it’s intelligent, we can ask it.