←back to thread

165 points atombender | 6 comments | | HN request time: 0.068s | source | bottom
Show context
randomname4325 ◴[] No.45150933[source]
This is wild. Meta, OpenAI, MSFT, Nvidia are collectively keeping the AI trade alive, which is propping up the stock market and overall perception of the economy. This admission makes it clear that the AI spends are being made up not based on business value/demand...
replies(7): >>45151113 #>>45151123 #>>45151147 #>>45151152 #>>45151176 #>>45151473 #>>45153132 #
1. vineyardmike ◴[] No.45151152[source]
To be fair, when he suggested $600Bn in spend by 2028, it’s obvious they won’t actually be spending that. That would exceed their yearly revenue each year. They just don’t have that money. This feels like less of an indictment of AI spend, and more of the political process of blatant lying for political favor.

For comparison, Google said $250b, Microsoft said $80b, but Apple has said $600bn. Meta currently spends ~$100bn.

replies(2): >>45151185 #>>45153124 #
2. gruez ◴[] No.45151185[source]
>and more of the political process of blatant lying for political favor.

Even that's debatable because he walked back on the number shortly after

>Once the discussion concluded, Zuckerberg leaned over to Trump to privately admit the president had caught him off guard. "I'm sorry I wasn't ready...I wasn't sure what number you wanted to go with," Zuckerberg said in a revealing moment caught on a hot mic.

replies(3): >>45151216 #>>45153301 #>>45154065 #
3. kamranjon ◴[] No.45151216[source]
That statement could mean many different things
4. belter ◴[] No.45153124[source]
Smart lawyers can make a lot of money here for suing shareholders.
5. lcnPylGDnU4H9OF ◴[] No.45153301[source]
> he walked back on the number

And somehow he never lied? Or he wasn't trying to brown nose? Because it literally has to be a lie if he changed his story and it's hard to deny that he appears to be trying to curry favor.

6. aprilthird2021 ◴[] No.45154065[source]
It would be debatable if we didn't have the Commander in Chief we have now is very blatant and open about demanding things and providing political favor in return constantly