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Nvidia market cap continues to grow, fuelled by AI boom (www.trendlinehq.com)

submitted 4 months ago by [email protected] to c/[email protected]

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The echoes of Y2K resonate in today's AI landscape as executives flock to embrace the promise of cost reduction through outsourcing to language models.

However, history is poised to repeat itself with a similar outcome of chaos and disillusionment. The misguided belief that language models can replace the human workforce will yield hilarious yet unfortunate results.

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[–] [email protected] 17 points 4 months ago

It's fucking absurd, their last earnings was a 12 billion profit at a 50% profit margin...

For comparison, other monopolies like Microsoft, Meta, Google, and Apple are only about 25-30%

All these GPUs for shitty genAI crap that does almost nothing but make people unemployed and homeless