Nooo, they should let Markymoo play with the other cool kids
Oh yeah, I’m sure they’ll out him any day now…
This article, like many Futurism articles, is conditioning. It’s wild Futurism gets glazed so much on tech lemmy.
As the Wall Street Journal phrased it…
fkn lol.
These articles do not deserve the attention lemmy gives them, and should be downvoted and called out as such.
Oh yeah, I’m sure they’ll out him any day now…
Facebook is structured in such a way that Mark Zuckerberg can never get fired. So if they want to terminate his position, they have to do so with extreme prejudice.
I was reading an article many years ago about Mark Zuckerberg being obsessed with Machiavellianism and reading sources about it. I’m sure he has thought just about everything to retain power.
Only in Silicon Valley can a CEO burn billions chasing an AI gold rush, send free cash flow below zero, and then demand a bigger payday for his visionary leadership. The board’s ultimate weapon? Threatening to quit. Corporate governance at Meta is basically a fire alarm that needs Zuckerberg’s permission to ring.
They just offered to pay his taxes, they aren’t sick of him or they’d let the company fail
That might be just that they’ve got so much money in Meta that they can’t afford it fail.
Edit: what I mean is that there might be gambler’s fallacy at play
Got an email last week that my FB account had been upgraded to Meta for free? I guess they need to fudge the subscriber numbers?
Meta does have some very specific issues with their corporate governance in that regard. Mark’s contact basically makes him impossible to fire as CEO. It’s an unusual situation that should have set off alarm bells for investors years ago.
I do not get the skepticism? I 100% trust Zuckerberg that this will be about as profitable as the metaverse. 🤣 🤡 💸
His ego can’t handle that he’s one hit wonder.
He’s not even a one hit wonder. The only good idea he ever had he stole. His company was built by people he conned and then threw under the bus. Every achievement since then was someone else’s good idea that he bought.
I’m sorry, you’re going to have to narrow down which Billionaire you’re referring to…
Fair
I bet he literally believes himself to be some sort of tech genius.
His weird haircut before his broccoli phase was him trying to cosplay as Caeser.
More like Augustus actually since he is obsessed with him
Yep he didn’t build Instagram, WhatsApp, or even the Facebook ad engine, which is arguably Meta’s actual product.
On to the next idea that is clearly a failure at inception to everyone but Zuckerfuck and his circle of sycophants
Oh come on! Just look at how visionary his whole vr thing was… Right META?
Definitely massive risk. They are giving away about $200-$400/week user credits for their Muse agent. Hardly anyone would need more than that, but it requires giving them credit card info. Massive competition being released in this personal agent space, just a few weeks after their rollout.
SpaceX is going even more nuts. Musk is a fraud supported by Zionist first political rule over US with support for his fraud, but 1.3gw of “spec” datacenters comming online in next 3 months is 5x the hourly gpu rental inventory in the US. BS goal about 10gw extra in 2027 is still gross overspending that makes everyone else go bankrupt from Nvidia price hikes. Grok and Cursor revenue combined still under $1b (last quarter). Zionazi circular financing for GOP corruption will starve rest of industry from access to capital.
IPOs are failing everywhere. UAE being forced geopolitically to bail out OpenAI with $30b, because they are out of cash. Coreweave needs $2b cash just to make it to end of year, but no one will give it to them. SpaceX in similar cash burn rate.
SpaceX and Meta are both building to just rent GPUs to desperate labs without firm contracts. All labs have separate plans. Coreweave gives massive discounts that force structural losses before impossible interest costs, and Nvidia’s power to charge whatever it wants for delivery. Collapse is very near.
So wait. What is the story with coreweave. You mentioned labs desperate for gpu, and there very much is a shortage. Coreweave rents that. So they should be making miney handover fist.
Coreweave makes long term revenue deals before building anything, but they charge too little. They are forced to accept whatever price hikes Nvidia tells them to pay, and are running out of cash in next 2 months, with borrowing rates over 15% to get more cash. In last quarter, their average interest rate was over 8%, and even if they used a 10 year depreciation schedule, they would still have lost money.
When hourly GPU rental prices go up, coreweave doesn’t make more money. They have tiny spot inventory. It is also a lie that there is gpu shortages, because if there were, there wouldn’t be such rapid model releases. NVidia GPUs are only competitive at training, but if there were any genuine scarcity, new models would come out slower so that inference/revenue making could be prioritized.
Hm, so boring from tomorrow to make profits today is catching up with them. Guess I am not surprised.
I dunno about that rational to say there isn’t a shortage. I know consumers struggle to buy GPUs, even when they are willing to pay a lot. And a buddy of mine works at a company where they couldn’t get enough GPUs for their datacenter and were forced to rent from coreweave.
Sure there is scarcity in accessing Nvidia supply. Consumer GPU pricing is based on them not making any. There is abundance of GPU time available for training that explains the fast pace of new model version releases. Fast model releases also juice inference revenue as shinny new models get investigated, until next week something better comes along. The bottom line is that burning money on GPUs has plenty of GPUs available to burn it on. Labs would be releasing slower if there wasn’t.
“I think it’s the right strategy to aggressively front-load building capacity so that way we’re prepared for the most optimistic cases,” Zuckerberg told stockholders in 2025.
And what if the results aren’t optimistic? Do these people forget there are still some things in the world they can’t will into existence?
