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AI companies try to pay staff in AI tokens, not money (pivot-to-ai.com)

submitted 5 months ago by cypherpunks@lemmy.ml to c/nottheonion@lemmy.ml

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[–] RobotToaster@mander.xyz 24 points 5 months ago

Reinventing scrip

[–] TomMasz@lemmy.world 15 points 5 months ago

The bubble, she is about to burst!

[–] Kallestar@lemmy.ml 14 points 5 months ago* (last edited 5 months ago) (1 children)

You forward 16 prompts, what do you get?
Another day older, and deeper in debt.
Saint Peter (Thiel) don't you call me, cause I can't go
I owe my soul to the AI store

[–] Trigger2_2000@sh.itjust.works 2 points 5 months ago

Well, I was born one morning when the AI didn't shine.

[–] SpookyBogMonster@lemmy.ml 13 points 5 months ago (1 children)

Oh so we're reinventing company towns... Someone should tell them how that ended last time

[–] HiddenLayer555@lemmy.ml 7 points 5 months ago

Who wants to buy some genuine HiddenLayer555 natural stupidity tokens? Guaranteed to be natural, guaranteed to stupid.

[–] troglodytis@lemmy.world 7 points 5 months ago

[–] balsoft@lemmy.ml 4 points 5 months ago* (last edited 5 months ago) (1 children)

Ok, so correct me if I'm wrong, but usually the reason you do this is because the cost to produce this benefit is lower than the price you usually sell it for, so you can inflate the claimed value of the benefit, both to appeal to candidates and to write it off on your taxes. But at the moment tokens are usually sold way below cost (i.e. the companies are not profitable), so why the fuck would any company do this? Are they this short on cash now?

[–] belated_frog_pants@beehaw.org 1 points 5 months ago

They set money on fire at incredible rates, they are definitely seeking any cash they can.

Also investors HATE payroll expenses. Loathe.

[–] Marthirial@lemmy.world 2 points 5 months ago

Sammy gets moist thinking about assholes getting paid in tokens they can convert to crypto to pay for ChatGPT.