I am going insane. This company will lose $10bn this year! Generative AI has peaked! There isn’t a sustainable business model, and the products are mediocre and error prone and don’t even do anything cool despite costing billions and accelerating climate change and stealing everybody’s artwork!
— Ed Zitron (@edzitron.com) January 22, 2025 at 6:03 PM
I like Ed, but this is a clueless take. He’s not thinking predatorily enough, like an MBA would. The point of GenAI is to eventually replace workers, not to be these little toys we have now. The MBAs simply DO NOT CARE if AI does not do work that is as of the quality that a human can do. If a GenAI costs 1/20 the price and does work that’s only 1/4 as good — that is still a net win. In MBA thinking, anyway.
Ed is wrong, wrong, wrong. “Mediocre and error prone” at a low price is just fine in capitalism. Preferred, even, if it never talks back, never demands higher wages and has no actual human needs.
Understand this or you understand nothing.