this post was submitted on 01 Feb 2024
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AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)
submitted 9 months ago by [email protected] to c/technology
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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] [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.:-|