Memory prices rose 80-115%. Revenue fell 26%. GoPro warned of "substantial doubt" about its ability to continue. It's exploring a sale or pivot to defence.
It would be bad enough if AI companies were profitable competitors but they’re not: they are giving away their services at far below cost to disrupt markets while consuming hundreds of billions of dollars per year of speculative investment.
It would be bad enough if AI companies were profitable competitors but they’re not: they are giving away their services at far below cost to disrupt markets while consuming hundreds of billions of dollars per year of speculative investment.