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.

From there, it becomes even more incidious. Advertising is about promotion and persuasion, and word of mouth is a very effective persuasion tool, so imagine the AI becomes your 'friend', or at least one of the AIs many personalities does, because it can post from millions of accounts, each of which can slightly alter your worldview, biases, morals, and influence your needs, your desires, and so on. Now it's not just inserting an advert into your post stream, it's actively participating in the content. Each post is unique to you - while you see posts from your 'friends' who are thinking about about travel to Antarctica, someone else sees stories about replacing tiles on their roof.

AI can collate a sequence of posts about climate change and then need to move away from fossil fuels, in order to persuade someone who it already knows feels strongly about that topic, in order to encourage them to buy a new car, and not just any car, but a particular brand. It might even subtly offer a discount that the advertiser has authorised it to do, for example, mentioning that they saw a dealer just down the road from you has one car left in stock at a huge discount, but it will surely be gone soon.

This is why Google (for example) is pushing gemini hard - it wants it to become everyone's friend and trusted source of information, because once they've achieved that, they can use it to subtly drop hints about products in its responses - nothing obvious, that would trigger the skip button, but just a careful comment here, another one there, a post about how a "user" had problems getting a particular brand of car repaired, and so on and so on.

It's all about ad revenue, and you're the product.

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.

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.

They just offered to pay his taxes, they aren't sick of him or they'd let the company fail

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.

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.

His ego can't handle that he's one hit wonder.

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.

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

Didn't he spend a billion dollars on pixelated legs?

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...

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 am pretty sure he still holds a majority of shares. He is clinging to that for dear life

One can only dream.

The American tech monopolies won't be allowed to go backrupt. Too much world power to lose. They will get bailed out.

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