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he also got the company to pay for his billionaire tax if it passes
He’s got to be costing more then he’s worth, and at this point he probably has a smaller minority of stock so idk why they keep him around
I am pretty sure he still holds a majority of shares. He is clinging to that for dear life
A.) Meta’s issuing new shares for this, so it’s shareholders, not the company, that are going to pay his tax bill.
B.) The deal is issuing non-voting shares so he still holds the majority of shares that matter after this.
I think that there’s a lot more potential in AI than there is in VR, which was his last expensive pet project.
They came up with some cool stuff for VR
The problem is there was zero overarching vision, no real explanation of how this makes life better (hurray, you can go to VR work meetings! Why would I buy this again?). Plus, Meta is fucking radioactive to the power users who would buy this stuff.
Similarly, Meta is so toxic I would never trust their AI without my data, and this is playing out with tons of leaks for people using their AI system Muse.
So while AI has more promise than VR, you can’t trust that to Meta anyways.
Have you seen their VR TOS?
“We own everything your gaze falls upon while you’re thinking about using these btw” -Meta
Possibly, but socials are for people connecting, or they’re supposed to be. So people don’t want AI crawling through their socials.
It’s one thing to get a summary on a search, just plain annoying to have a post summarised.
Fucking android auto at one point offered to summarize my text messages.
I don’t think AI can summarize ‘ok’.
Neither do I to be honest
k…
Well I didn’t say it could do it okay
I don’t like it anywhere, but socials are for people. We expect AI on data search.
I was not disagreeing with you, I was just trying to be funny and summarize “ok”
Gotcha sorry
k
kk
“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?
The real reason is because the data centers aren’t for AI. They’re for taking up all the components so you can’t compute independently anymore and you need to run “apps” from the ”cloud” so they can “monitor” your “behavior” for “tailored ads” and “terrorist threats” and cut you off completely if you ever retroactively violated their updated EULA that covers all the people they don’t like.
They are stealing computing from us and the business world is letting it happen in the name of cost savings.
I swear to god before I die I will see capitalism driven into the mud to drown
Part of cyberpunk is that the gilded corporations in the sky have white labs and clean computers, but the other part is that street people find their own uses for the leftover hunks of technology considered to be not pretty enough for sale.
In less convoluted terms, nobody fucking needs cloud computing. We used to write software on things that were half as powerful just a decade ago, and software capabilities have stagnated even as computing power has increased because the focus is more on stupid corporate bullshit than…you know? actually solving problems?
The phone you have in your pocket (or even posted this post on) is likely more powerful than anything that was even available 10 or 15 years ago. The joke computers that they’ll sell you right now for $200 with an adware-ridden crap OS like Chromebooks are capable of running and even building better software than anything that was available during the first software boom in the late 90s (they just might need a good wiping first).
I am much more interested in the part of cyberpunk we haven’t seen much of…where people take down Flock cameras and make them into free wifi repeaters or other types of servers and hobbyists take over again. Corporate software sucks nuts.
Agreed we’re missing the punk part
According to documents viewed by the WSJ, a negotiation team made up of three members of the board began preparing a contingency plan in early September, to use in the event that Zuckerberg refused to back down from his compensation demands. That standby plan reportedly included “resignation from the board” by the negotiation team as a last resort.
Conceptually the CEO has to answer to the board, and the board acts in the interest of the shareholders.
Somehow the board’s major card to play here is that of negotiations fail then members of the board will resign. How that applies any pressure or leverage against Zuckerberg remains unclear.
Acquiesce to my demands or I will leave quietly and stop bugging you.
They aren’t concerned with the destruction of the planet caused by their quenchless data centers. Or their massive privacy invasion of citizens. Or their tactics used to addict children to their platform.
At the end of the day, every board member of Meta is just as nasty as Zuck himself.
Anyone using Meta is feeding the nasty machine
While the power and water requirements for AI DCs are obscene, they’re a rounding error against our other power and water abuses.
False. Datacenters don’t need to eat.
Exactly, those kind of articles are paid pr campaigns.
Nooo, they should let Markymoo play with the other cool kids
Mark is just such an inspiring leader…
zuck can’t be in practical terms fired
Thw firing will be televised
The board should consider execution.
META will be bankrupt within 5 years according to the bond & credit markets. META’s Credit Deault Swaps are surging — lol.
The American tech monopolies won’t be allowed to go backrupt. Too much world power to lose. They will get bailed out.
One can only dream.
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.
I can’t wait to buy a video accelerator and hard disks for cheap again. So I can’t wait for the AI bubble to pop. The only problems is that the whole economy will tank at the same time…
As someone with plans to work in the software dev sector, it’s just bad news no matter what. AI turns out to be magic, no jobs. Industry crashes because of the bubble, no jobs.
Have you considered plumbing?
I doubt there will be plentiful fresh water either, in the former situation.
They needed to make moves when he was doing his stupid metaverse hobby/project.
Now they’re hemorrhaging money.
Get rid of that liability.
No. Keep him. Hemorrhage more money. Go bankrupt. Zuck can become destitute, homeless, depressed, and addicted to opioids before an untimely death. He will not be mourned.
Exactly, never inturupt your enemy when they are making a mistake.
That’s s good thing
they cant get rid of him, lol
he’s gonna run it aground at full speed
he’ll be fine though
edit: in his underground bunker lair thing
Connect the air intake of his bunker to a septic system. Let that fucker literally drown in shit
they cant get rid of him, lol
Well not with that attitude.
Mario theme intensifies
he’s gonna run it aground at full speed
Please move fast and break the thing
If they don’t get rid of him, they are liable to investor lawsuits.
How do you get rid of someone with 60% voting shares?
I do wonder how some of these companies intend to actually make money with it.
Anthropic, fair enough, they’ve convinced companies to spend huge amount of money making sure that programmers can’t remember anything or know what that mass of spaghetti does any more.
And MS, presumably it’s all companies spending money on Office 365 Copilot so emails get put in automated holding patterns, and quarterly reports get flashier graphs.
Nvidia, they sell shovels.
But Meta? Their entire business model is scraping data from real people, packaging and selling it to far right politicians and scammers. I’m struggling to figure how AI does anything other than fuck that up.
The main product they’re pushing is Muse. It’s a glorified Bonzi Buddy. A chat bot with customizable avatars. That’s it. That’s the selling point. They’re screwed unless they have an enterprise LLM product. I don’t know if they do.
Facebook remade the world. It was a one in a generation thing. Zuck isn’t escaping the allegations that he was in the right place at the right time for that. He’s not going to catch lightning in a bottle twice.
Meta is an advertising company. AI is the tool that they can use both to read every post and identify the categories each user will be most receptive to, and also to create customised advertising tailored to that user.
For example, the AI notices that your attention lingers a little longer on user posts about travel, and then inserts an advert into your stream which looks indistinguishable from those posts and which encourages you to take that overseas holiday you’ve been thinking about.
Gemini is a dark corner of the internet tbh. You can dig and dig and dig thinking youre getting accurate info. All it takes is one second to step back and be like, is this info accurate? Then you find it doesnt even remotely hold up. Their LLM is trash.
I read recently (ish, couple months now?) that Meta was reshaping its engineering workforce toward having them train an AI to do their work. Big push to record all user activity with their machines and engineers re-tasked away from engineering to doing the crucial, all-important labeling of this recorded data, so it can be used to train a model explicitly intended to replace them.
So yeah I don’t think stuff is going great over there (thank fuck).
Nvidia is also doing everything it can to cause artificial shortages in GPUs to raise prices.
On to the next idea that is clearly a failure at inception to everyone but Zuckerfuck and his circle of sycophants
