this post was submitted on 24 Jul 2024
26 points (100.0% liked)

Technology

972 readers
21 users here now

A tech news sub for communists

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] loathesome_dongeater@spectreofcommunism.boo 4 points 4 months ago* (last edited 4 months ago) (1 children)

@yogthos Ah shit. There go my hopes of generating value without human labour.

[–] yogthos@lemmy.ml 2 points 4 months ago (1 children)
[–] loathesome_dongeater@spectreofcommunism.boo 5 points 4 months ago (1 children)

@yogthos Wow the implications of that article are pretty grim. The part about freelancers makes me think that the low-quality labour that they paid for without employment contracts has improved in quality a little bit. But it is likely because of vulture capitalists fronting the cost of AI services right now.

[–] yogthos@lemmy.ml 7 points 4 months ago

yup, I suspect this is the typical pump and dump scheme we tend to see with VCs. They're building out a bunch of companies around AI right now, and eating the costs. Then once IPOs start happening, the initial investors are going to cash out and suckers will be holding the stock for companies don't have a workable business model.