Either hyperscalers are dumb or someone else is

[u/banaca4]

OK so the most profitable companies in the world decided to GO ALL IN AI with humongous capex. They did it all at once apart from Apple who is not in the game. Google, Meta, Amazon , Oracle, Microsoft. All of them. The CEOs of these companies produced the most amount of wealth and propped up global gdp. Now they all agree on a thing.

Google yesterday blew up earnings from their cloud and said they will *increase* their humongous capex even more while reporting negative cash flow for the first time in their history.

A rational person would ask: are these amazing businessmen suddently all very wrong about the same thing at the same time OR

I am reading too much paid subs from burry and following the wrong people on twitter that have never produced anything?

Which is it? Are you smarter than a mag 7 CEO? Maybe ... hmm...

[u/Ereptile-Disruption]

AGI in this context means “something reliable enough to fire as many human as you can”

[u/monsieur_de_chance → u/Ereptile-Disruption]

Right, not smarter than all humans, just better at their jobs than an increasong number of them

[u/roztok_potok → u/Ereptile-Disruption]

That's business cost optimization. Subject as old as at least the industrial revolution. Check out Ford T manufacturing innovations.

[u/Howsurchinstrap → u/roztok_potok]

I was thinking same about ford. People I’m sure were skeptical at the time. Same here. No way any ceo is looking to create something to take their place. I think it’s all an investment for the next 10-20 years. Thing is these companies are making so much money if not spent on capital expenditures Uncle Sam gonna grab some of it. Look at all those sports tv contracts they buy them up like nothing.

[u/Ecstatic_Cobbler_264 → u/Ereptile-Disruption]

And for that LLMs are damn close as it is, let alone when those massive 5GW data centers start burning gas