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this post was submitted on 31 Aug 2026
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It's wild that Amazon alone has already pissed away more on their own than even Nvidia has earned back. I'm also surprised that Anthropic still isn't remotely profitable given the sheer volume of money the rest of the corporate software world dumped into Claude Code and how much pressure Anthropic applied to monetize it. That alone should be enough to show that it is impossible for AI to be profitable in any traditional sense.
Their actual plan is to monopolize information and basically use (preferably their own) AI as the middleman and broker for all data and information and knowledge and advertising that any human being ever sees. In that, they might eventually be successful. At least if they don't run out of money trying (almost certain), and we don't kill them off or blow them up first.
The meme about Nvidia selling pickaxes to gold diggers really is accurate
That does seem to be their strategy, at least on its face. Although I'm not even sure I even really believe that is profitable, or if they're cooking the books with such incestuous partnership agreements that it's to the point where Nvidia might be effectively "buying" chips from themselves with their own money on their partner's behalf. I guess time will tell if they're actually the next Enron or not, but I don't trust any business that's AI related at this point.