Technology

59381 readers

3106 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

371

AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)

submitted 9 months ago by [email protected] to c/[email protected]

76 comments fedilink hide all child comments

Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 9 months ago (1 children)

How’s that for a business model: give the customer what they want?

They're doing just that, alright.

But people buying the products are not the customers of these big publicly traded companies.

[–] [email protected] 2 points 9 months ago

That's the same reason that the Windows OS sucks so bad: the "customer" is the companies paying for licenses, not individuals wanting things to "just work" without an entire IT department at their backs.

Although I would guess that even stockholders would not like the fact that these companies lost billions of dollars.:-|