I remember this happening with Uber too. All that VC money dried up, their prices skyrocketed, people stopped using them, and they went bankrupt. A tale as old as time.
A lot of those things have a business model that relies on putting the competition out of business so you can jack up the price.
Uber broke taxis in a lot of places. It completely broke that industry by simply ignoring the laws.
Uber had a thing that it could actually sell that people would buy.
It took years before it started making money, in an industry that already made money.
LLMs Don’t even have a path to profitability unless they can either functionally replace a human job or at least reliably perform a useful task without human intervention.
They’ve burned all these billions and they still don’t even have something that can function as well as the search engines that proceeded them no matter how much they want to force you to use it.
I remember this happening with Uber too. All that VC money dried up, their prices skyrocketed, people stopped using them, and they went bankrupt. A tale as old as time.
That was the intended path.
A lot of those things have a business model that relies on putting the competition out of business so you can jack up the price.
Uber broke taxis in a lot of places. It completely broke that industry by simply ignoring the laws. Uber had a thing that it could actually sell that people would buy.
It took years before it started making money, in an industry that already made money.
LLMs Don’t even have a path to profitability unless they can either functionally replace a human job or at least reliably perform a useful task without human intervention.
They’ve burned all these billions and they still don’t even have something that can function as well as the search engines that proceeded them no matter how much they want to force you to use it.