Since when has Meta profited off of this shit? I don't know why their stock price hasn't cratered yet, but it's not because they're raking in the big cash training LLMs on 40 yr old cookbooks.
Since when has Meta profited off of this shit? I don't know why their stock price hasn't cratered yet, but it's not because they're raking in the big cash training LLMs on 40 yr old cookbooks.
The Metaverse wasn’t a great success either, but do you think the motive wasn’t profit? Do you think Meta is a public benefit corporation?
We could have a conversation about that. Or rather, I could have a conversation about it with someone intelligent, who can actually appreciate nuance and detail. You've got some sort of mental caricature of mustache-twirling billionaires, where everything is "profit".
It's pretty clear that Meta wasn't about profit, given that no amount of "sunk cost" could explain what happened. That had more to do with self-aggrandizement and his belief that he was some sort of digital messiah that would get to usher humanity into another world.
Surely the board and shareholders were lead to believe it was for a profit motive. Nobody puts billions of dollars of stock positions into a worse version of Second Life because they think it’s a world changer. They do it to make more money than putting their investments elsewhere. The company said repeatedly that the Metaverse was where trade and business would increasingly happen in the future.
A bad bet doesn’t mean the motive wasn’t to win the bet.