Standard Chartered deserve an almighty kicking over this. But they are merely confirming what we know. The Aim of AI is the elimination of wage slaves.
Expect sabotage of data centres to be a big thing. Although, they will probably be protected by 24-hour shift drone security guards.
In the other banks, they are actually starting to squeeze AI usage. The newer models have escalating prices/token usage. This is because the Ai companies are steadily increasing prices to head towards profitability.
I don't believe for one minute that the AI share price bubble can be meshed with the actual paying useage. Comes a point where it is cheaper to use 'lower-value human capital'. Governments will be under intense pressure to employ people and curb AI.
The current prices are far below break even. Let alone profit.
The race is to be the biggest and have the best models.
They are just starting to pivot into pricing for revenue, let alone break even.
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