• 0 Posts
  • 235 Comments
Joined 3 years ago
cake
Cake day: June 13th, 2023

help-circle




  • On Tuesday, the jury deliberated for only one day before agreeing that Meta should pay $375 million in civil damages for violating state consumer protections and misleading parents about the safety of its apps.

    Not enough. These corporations operate on different math. They pay no taxes. They swim in currency. Pick the biggest realistic number you can imagine and then multiply it by the next biggest. Anything less will be factored out as the cost of business.

    Case in point: $375 million is a mere fraction of what Meta spends in a bunch of different areas. Compared to profits, it’s practically rounding error. It won’t affect much.













  • Even the subtitle hints that the headline isn’t what you might think it is:

    They’re worried they’re not spending enough on AI.

    These people are looking at the massive AI black hole and guessing they aren’t spending enough on it.

    But whether pouring even more money into AI will suddenly turn the tech into a money maker — and not a major expense on the balance sheet — remains the subject of a heated debate.

    Only for the idiots in the C-suite who play so nonchalantly with the lives and money of others.