It's not news that they are losing money, but it is news that they are losing tremendously more money than they were previously losing.

They replaced the entire market with manufactured vibes.

IKR? Was it supposed to be a secret? The game plan is to bleed out the competition, make businesses dependent on AI, and then raise prices sky high.

It's wild we can lose money on this but healthcare or ubi, I bet ubi would help all these businesses/shareholders investing in ai more because ppl would just spend it all every month buying things they don't need

Well, the less money people have, the more of their income they spend. This means that maximum spending would be achieved when all income is equally distributed. Hence, as money concentrates at the top, consumer spending drops, which reduces the number of viable businesses, but at the same makes more capital available, since people tend to invest money they don't spend.

Since people in general aren't that good at telling whether an idea will pan out or not, as capital starts concentrating at the top, dumb ideas are more likely to attract a ton of funding. Add to that that spectacular ideas attract more funding, while at the same time tending to be bad ideas.

Essentially, Elon Musk's businesses are valued so highly because his promises of AGI and space colonization are already being priced in as if they were real, existing things, instead of pipe dreams.

And After the IPO they burned 60 billion on a vs code fork that is also hemorrhaging money, but the stock price went up 6%

Los is tremendously profitable companies ran at a deficit for a decade or more. They made their investors a lot of money.

Just a giant grift and we're not stopping it.