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@pulsewidth@lemmy.world

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⁨Comment⁩ on ⁨Zuckerberg's Huge AI Push Is Already Crumbling Into Chaos⁩ ⁨⁨2⁩ ⁨weeks⁩ ago⁩:
The Metaverse was being spruiked as the next big thing that everyone will need a VR headset for by Facebook as recently as 2023, which went so far as to change their name to Meta Platforms in 2021. Then they posted dozens of billions in losses in their Meta department each year for the succeeding couple years before casually dropping a post saying Meta would ‘pivot away from the Metaverse to focus on AI’ in early 2023. Wonder what the final losses will be for LLM AIs.

In a rational world, investors would watch Zuck to see what he goes all-in on next and avoid it. Buy the stock market is built on feelings and hype, irrational by nature.
⁨Comment⁩ on ⁨'Technofascist military fantasy': Spotify faces boycott calls over CEO’s investment in AI military startup⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:
Didn’t confuse them with anyone, they put out a quarterly report as all publicly-traded companies do, and they’re on track to do over $2 billion in profit this year ($17b revenue).

What I didn’t go into depths to describe is that the vast majority of their money goes to big labels and several big artists they have less-favourable (to Spotify) contracts with, because those big labels and artists know they can pressure Spotify to get a bigger slice.

So, they continue to give most artists, especially small/new artists next to nothing, exploiting them.

Nothing I said is innacurate IMO.
⁨Comment⁩ on ⁨'Technofascist military fantasy': Spotify faces boycott calls over CEO’s investment in AI military startup⁩ ⁨⁨2⁩ ⁨months⁩ ago⁩:
How about just boycott it because it’s terrible for artists? It pays four tenths of a tenth of a cent per stream ($0.004), while raking in billions of profit each year.

Spotify’s whole business model is exploitation.

Listen to music on whatever service, then if you like the artists music - buy the album, or the track / single. Sure, you may support fewer artists this way, but each artist gets paid literally 2500 times as much (album averages 9.99).