Apologies for the presumption, but I had to clarify just how vapourous the whole NFT craze was....NFTs were a preview to this. We thought paying for links to gifs on a remote server was peak capitalism... but here we are. And I am happy for it.
Unfortunately, Republicans are in power. So expect a lot of bailouts. Privatize the gains and socialize the losses, it's always the same.Good. Ruin everyone involved. Torch them.
First we need a pot big enough to stew them in.When do we get to eat the rich?
Anthropic reports $17 billion in Q3 revenue, purchase commitments of $895.4 billion in revised S-1
Anthropic "reported a $104 billion net loss during the period, though most of that was due to the change in fair value of convertible notes and derivative liabilities. Anthropic lost $25.1 billion over the same stretch in 2025."
I just had another horrifying thought. What if crypto mining was always just a front for data centers doing LLM training before they had a product to show for it and rationalize its existence? The timeline does line up perfectly.So I had a thought last night. You know what you were saying about how AI has probably been around for a lot longer than the companies making it want to admit? I realized that I can think of specific pieces of software that—unless my understanding of technology is woefully underdeveloped—pretty much have to be relying on LLMs and have been around for quite a long time: [snip]