Uber didn't invent anything, they drove taxis out of business then jacked up the prices, squeezed the workers, and now everybody is riding around in regular people's crappy cars for more than a cab cost. And now I need a phone and to maintain my relationship with these two crappy companies rather than to wave at the street (which is what I used to do to get a ride.)
That was literally what everybody said would happen.
For almost 20 year, Amazon has been the poster child of "A company can be unprofitable for years and still turn out a winner", but of course - not all companies can pivot from being a regular e-commerce company to cloud infrastructure/hosting, and become a money machine.
So the question, at least to me, is how these AI companies will find a product or service that makes them profitable. Other than becoming actual monopolies in their current domains.
Uber sold something like $50 billion in equity and debt before it went public, and although they're profitable now, to me it doesn't seem like they have answer to Waymo coming up fast in the rear-view mirror. I think Uber is still a scam, just one where the earlier investors fleeced the later ones who are never going to see the returns they paid for.
dmix|4 months ago
pessimizer|4 months ago
That was literally what everybody said would happen.
TrackerFF|4 months ago
So the question, at least to me, is how these AI companies will find a product or service that makes them profitable. Other than becoming actual monopolies in their current domains.
Analemma_|4 months ago