Fuck AI

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"We did it, Patrick! We made a technological breakthrough!"

A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

founded 2 years ago

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Amazon plunges 9%, continues Big Tech's $1 trillion wipeout as AI bubble fears ignite sell-off (www.cnbc.com)

submitted 1 week ago by throws_lemy@reddthat.com to c/fuck_ai@lemmy.world

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[–] Not_mikey@lemmy.dbzer0.com 6 points 1 week ago* (last edited 1 week ago)

Consumer cyclical companies, ones that sell stuff people buy when the market is good and hold off when things are bad, are relatively stable, only down 1.3% in the past 3 months compared to Amazon which is down 15% on he last 3 months. Amazons main cash cow at this point is AWS, so this drop is probably reflective of a lack of demand for compute for AI that was expected by the investors.