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    Charlie Stross (cstross@wandering.shop)'s status on Monday, 29-Jul-2024 21:37:31 JSTCharlie StrossCharlie Stross
    in reply to

    The FAANGs all have a record of terrible investment decisions in the past 2 decades. Apple wasted $8Bn on driverless cars before they gave up. Meta spent by some estimates $100Bn pursuing the VR metaverse before they quit. Amazon lost $10Bn on Alexa in 2022 alone.

    So like gambling addicts everywhere, they've just moved on up to the top table (AI) and are doubling down.

    In conversationabout 11 months ago from wandering.shoppermalink

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