Something I think about occasionally is how it is that a no-name startup beat the likes of Google, MS, Facebook, etc to chatgpt.
Which was immediately absorbed by the anti-consumer company MS for several tens of billions of dollars.
I really think Facebook has passed the point of no return already in this regard
How so? Literally half the planet still checks into Facebook on a monthly basis.
has allowed numerous social media sites to steal market share very easily.
They haven’t stolen market share, they’ve created it. Facebook didn’t lose any users and these other platforms still operate with a tiny fraction of Facebook’s users.
Microsoft didn’t “absorb” open ai, they have a partnership where Microsoft pays assloads of money to sustain openai so that Google doesn’t get it. Ironically, this might be considered “long term thinking” but I wonder how long shareholders will tolerate such a hit to the books. There is supposed to be a profit sharing model here eventually (up to a certain point) but Microsoft isn’t getting chatgpt, otherwise bing would have replaced chatgpt. I have to wonder if, by the time chatgpt is profitable, if there will already be better models produced by other groups (maybe even open source), especially given the pace of AI innovation. I would not be surprised if this was a net loss for MS. GPT is amazing but it has numerous drawbacks at the moment. I admit that, if they figure things out quickly, this could be a huge win for them. I would go so far as to say that this is not anti consumer at all and is exactly how the free market is supposed to work.
As for Facebook, the only data you need is that the younger generations think it’s for boomers and don’t use it. I’m a little older and (to your credit) I check in about once a month. I know that meta has a very powerful user data harvesting business (arguably more valuable than Facebook), but Facebook’s user engagement will continue to slide if they can’t capture younger users and keep millennials and gen x users on the platform. This devalues their ability to make money from ads directly, and again, they did this to themselves by destroying their reputation for short term gains. They will eventually become like Yahoo! or AOL, both of which have almost zero brand value.
Which was immediately absorbed by the anti-consumer company MS for several tens of billions of dollars.
How so? Literally half the planet still checks into Facebook on a monthly basis.
They haven’t stolen market share, they’ve created it. Facebook didn’t lose any users and these other platforms still operate with a tiny fraction of Facebook’s users.
Microsoft didn’t “absorb” open ai, they have a partnership where Microsoft pays assloads of money to sustain openai so that Google doesn’t get it. Ironically, this might be considered “long term thinking” but I wonder how long shareholders will tolerate such a hit to the books. There is supposed to be a profit sharing model here eventually (up to a certain point) but Microsoft isn’t getting chatgpt, otherwise bing would have replaced chatgpt. I have to wonder if, by the time chatgpt is profitable, if there will already be better models produced by other groups (maybe even open source), especially given the pace of AI innovation. I would not be surprised if this was a net loss for MS. GPT is amazing but it has numerous drawbacks at the moment. I admit that, if they figure things out quickly, this could be a huge win for them. I would go so far as to say that this is not anti consumer at all and is exactly how the free market is supposed to work.
As for Facebook, the only data you need is that the younger generations think it’s for boomers and don’t use it. I’m a little older and (to your credit) I check in about once a month. I know that meta has a very powerful user data harvesting business (arguably more valuable than Facebook), but Facebook’s user engagement will continue to slide if they can’t capture younger users and keep millennials and gen x users on the platform. This devalues their ability to make money from ads directly, and again, they did this to themselves by destroying their reputation for short term gains. They will eventually become like Yahoo! or AOL, both of which have almost zero brand value.
Not but they do very much use Instagram.