based S&P
this post was submitted on 06 Jun 2026
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Lol, they got told to fuck off for not being profitable.
ngl if AI dies i hope we get more ethical models
Not making criteria at the start doesn't mean AI is dying.
The fact that they tried to get the rules changed so they could get listed on index’s as soon as they IPOd means they’re out of willing creditors and out of cash. They were attempting to dump equity on to 401Ks to pay out the private bag-holders who have been funding them to sell model access at massively discounted rates.
Even if people host models them selves, the era of constant slop deluge is over simply because all the players giving away access for essentially free are about to go belly up or pivot away from it to other business models.
They’re not out of cash or creditors, they just want to build faster. Slowing down is fine, but respecting a speed limit doesn't mean you're about to stop.
The data center builders and operators are running behind on basically every data center project, massive amounts of Blackwell are just sitting in warehouses right now because they loose money the moment they’re plugged in. New IT load for the operators isn’t even a third of the capacity of the chips sold to these companies. Most of the companies that got switched over to token billing by the model providers are pulling back and freaking out over a yearly “AI budget” annihilated in a quarter. The model providers wouldn’t have swapped to token based billing for enterprise clients if they didn’t have to. They’ve been pumping demand with hype and by selling at a fraction of operational costs. Reporting non-gap EBITA to hide what a mess the financials are.
The SpaceX S1 alone shows how insanely cash incinerating it all is. Can’t wait to see Anthropic and OpeAIs S1s. It’s gonna be hilarious.
Interesting. You actually have a real answer and explanation. I mean, that's amazing. My goodness, something actually worth double-checking. 👏
While I love the sentiment; I'm reading this decision by S&P as just about not bending their rules. AI is not thriving fast/convincingly enough to break tradition of big finance; I don't think that makes S&P an ally. And I suspect this means they'll just be joining a bit later.
'A bit later' is really all the is required to meet the standard. https://www.cnbc.com/2020/07/21/tesla-isnt-a-gurantee-for-the-sp-500-even-with-year-of-profits.html
S&P Dow Jones has a history of making companies earn it, including previous Elmo ventures.
I'm not bullish on any of it, and I'm desperately trying to exit AI holdings as swiftly as I'm able, but I am deeply comforted by major indexes requiring companies demonstrate profitability or at least meaningful actual revenue beyond the self-dealing that we've seen between the IPO hopefuls.
Good. Those clowns will trash the index funds that so many depend on for retirement funding if they tank. And AI certainly will, and SpaceX is dependent on the whims of a drug addicted wingnut.
I'm very curious as to why you and others think AI will "tank".
If you look at the SpaceX valuation documents, specifically, they're relying on orbital data centers, Dyson spheres, and other scifi bullshit to account for a multi-trillion dollar market cap.
Add in that the terms of the IPO afford Musk and his insider friends to dump shares as early as 70 days after launch day.
It isn't that the companies are bad on their face nearly so much as they're rigged to implode from within.
Alphaville, at the Financial Times, has been covering these IPOs extensively. Musk's is arguably the worst, but OpenAI is running a tight second. And Claude is still largely a cash negative endeavor.
They aren't able to justify their prices.
AI will definitely stay around, but the current AI hype is a market bubbles waiting to pop, similar to how the dot com bubble burst and we still have the internet.
Many people here say "the AI bubble will pop", but they never explain why they think so. That's my question.
from the investment perspective, they've been losing a lot of money, and they still don't have a way to make it back
from the technical perspective, llms probably already reached their peak, and they are still far from reliable in many use cases
also a disaster for the environment and the culture, the growing sentiment is: fuck all this
If AI uses fossil fuels, it's a disaster for the environment, but it doesn't have to use fossil fuels. They've been spending more then revenue, but revenue is growing, this is normal for new techs. Reliability depends on expectations. My point here is that from what I see, AI will keep growing, but hopefully slowly enough so people can keep up. I mean, I wouldn't rely on expecting a crash.
Found elon.
Where? So what?
Historical precedent.
I never clicked on a link without any title or explanation. Not starting with that one. That's like using AI to talking to us instead of bothering yourself.
For those that didn't see the article from yesterday, the relevant rule that they refused to waive was the one that said a company must be profitable.
lol
Lololololol the president of my company went full AI shithead recently and he posted how it was a big deal that they were going public and he was talking about how he see it as a great investment to purchase shares and I asked how it was a great investment to get shares of a company severely in the red and my comment got deleted in a few minutes
Edit: we also got claude code for everyone in the company and they are monitoring token use (as in we need to use a lot) and I asked if they were concerned that the token price would rise if the board of directors of anthropic suddenly wanted to make a profit and that comment also got deleted (this was in a virtual townhall so we can ask stuff, usually they just ignore the ones they don't want to answer but they were actually deleting them this time)
My last company they didn't delete messages. That would be to obvious.
"I am sorry we didn't get around to answering all the questions live. We will respond to the remaining by email"
No more questions were answered.
You know this already but your company management are morons.
is...your company publically traded itself? looking for an easy short
Sounds like they don't want to go along with these sham corporations and their smoke & mirrors accounting. It's like they want the companies in their index to be on sound financial footing or something.
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They didn't block them, they just won't buy it until it has been on the market for a while
I didn't know that the SNP500 had such rules, but I'm so happy they didn't cave.
I hope people sue the indexes for changing the rules. Im not sure its possible but it really makes an index meaningless if its not consistent.
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Excellent! Fuck Musk.
And while I'm not an AI hater, that is 100% the investors trying to cash out before the industry runs into trouble.
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I've already withdrawn money I had invested in US.
You can't convince me this isn't bubble:
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