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this post was submitted on 16 Aug 2026
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Fuck AI
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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.
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Their profits are negative for both of them. OpenAI makes a couple of billion a year, but they owe hundreds of billions, with more debt incoming. The same must apply to Anthropic. Their collected debt is around one trillion dollars.
There is no sign they will ever be profitable, especially because they are bleeding customers to Chinese open source LLMs.
In any sane world that would be game over, but somehow mega investors have decided that they need to double down. Because if only they invest more, the profits will come eventually.
SpaceX IPO was 90% XAI 10% spaceX.
They made up an IPO price bypassing the bankers and then forced it into everyone's Retirement Accounts with early adoption into the indexes.
OpenAI and Anthropic will do the same. They will pump it to the moon. Then IPO to the moon Vic's will cash out at 100x profit as everyone's retirement crater and reduce by half.
At the same time the economy goes great depression 2.0 as the bottom drops out.
They are talking about a value of $2 trillion for Anthropic. Somebody is going to lose a lot of money.
Be long puts.
I mean surely it’s because it’s about buying a part of “the future” and leaving everyone else behind. For such a belief, going all in may be the only option. Which is, of course, kinda death culty.
Yes it kind of seems like a financial death cult.
They spent 38.5 billion on 13 billion in revenue last year. Even if you take out training costs, operational margins are negative at a cost of 14.8 billion as long as you include sales and marketing, which you absolutely should because they are clearly hiding expenses in that bucket. Nobody would spend 5.7 billion a year on marketing when they're already losing 20 billion.