this post was submitted on 29 Nov 2024

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ChatGPT’s $8 Trillion Birthday Gift to Big Tech: Two years in, generative AI’s value to the world is still unclear. But these charts show that it’s been a bonanza for the largest tech firms. (www.bloomberg.com)

submitted 3 weeks ago by BaylorSwift3 to c/futurology

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[–] conciselyverbose@sh.itjust.works 4 points 3 weeks ago

The thing with market cap is that if it's not tied to actual revenue, it can go down just as easily as up.

Customers need to be willing to spend enough money on it to pay off the massive infrastructure costs or the bubble is going to burst.