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cermicelli | 15 days ago
Artificially Generated Income for AI mills..
VC funded companies selling tokens to other VC funded companies funded by the same VC who are funding their competitor companies to buy more tokens with this VC funded money. And then VCs use the graph with line go up to pressure other VCs to invest and pressure other companies to in invest in this VC back scratching 69ing mess...
I have seen numbers from almost 10 VC companies which burn over 1M USD of AI Tokens every year at the current run rate that don't even have 1M in revenues...
What even is this... These are just companies I know.
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