Behind the Scenes, Meta’s Board Is Battling With Mark Zuckerberg Over His Out-of-Control AI Spending: The directors have had enough.
https://futurism.com/artificial-intelligence/meta-board-zuckerberg-ai-spending-compensationOpen linkView original on lemmy.world
55 replies
Oh come on! Just look at how visionary his whole vr thing was… Right META?
he also got the company to pay for his billionaire tax if it passes
He's got to be costing more then he's worth, and at this point he probably has a smaller minority of stock so idk why they keep him around
I am pretty sure he still holds a majority of shares. He is clinging to that for dear life
They needed to make moves when he was doing his stupid metaverse hobby/project.
Now they're hemorrhaging money.
Get rid of that liability.
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.
Exactly, never inturupt your enemy when they are making a mistake.
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
Please move fast and break the thing
Well not with that attitude.
If they don't get rid of him, they are liable to investor lawsuits.
How do you get rid of someone with 60% voting shares?
Definitely massive risk. They are giving away about $200-$400/week user credits for their Muse agent. Hardly anyone would need more than that, but it requires giving them credit card info. Massive competition being released in this personal agent space, just a few weeks after their rollout.
SpaceX is going even more nuts. Musk is a fraud supported by Zionist first political rule over US with support for his fraud, but 1.3gw of "spec" datacenters comming online in next 3 months is 5x the hourly gpu rental inventory in the US. BS goal about 10gw extra in 2027 is still gross overspending that makes everyone else go bankrupt from Nvidia price hikes. Grok and Cursor revenue combined still under $1b (last quarter). Zionazi circular financing for GOP corruption will starve rest of industry from access to capital.
IPOs are failing everywhere. UAE being forced geopolitically to bail out OpenAI with $30b, because they are out of cash. Coreweave needs $2b cash just to make it to end of year, but no one will give it to them. SpaceX in similar cash burn rate.
SpaceX and Meta are both building to just rent GPUs to desperate labs without firm contracts. All labs have separate plans. Coreweave gives massive discounts that force structural losses before impossible interest costs, and Nvidia's power to charge whatever it wants for delivery. Collapse is very near.
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...
As someone with plans to work in the software dev sector, it's just bad news no matter what. AI turns out to be magic, no jobs. Industry crashes because of the bubble, no jobs.
I do not get the skepticism? I 100% trust Zuckerberg that this will be about as profitable as the metaverse. 🤣 🤡 💸
His ego can't handle that he's one hit wonder.
Yep he didn’t build Instagram, WhatsApp, or even the Facebook ad engine, which is arguably Meta’s actual product.
He’s not even a one hit wonder. The only good idea he ever had he stole. His company was built by people he conned and then threw under the bus. Every achievement since then was someone else’s good idea that he bought.
I'm sorry, you're going to have to narrow down which Billionaire you're referring to...
I bet he literally believes himself to be some sort of tech genius.
His weird haircut before his broccoli phase was him trying to cosplay as Caeser.
More like Augustus actually since he is obsessed with him
They made this movie about him like 20 years ago. It had this scene of him in college in a computer science class. Like he was such a genius and knew better than the professor. So much cringe.
Didn't see the movie, but in the early 2000s he probably did know more than his professor. 10-years before that, my university had exactly one computer for the whole graphic design college. 20-years before that, computer class was, "Here's, uh, this thing. Have fun."
In a computer science program? At an Ivy League university? After the year 2000? lol no. They had more than one computer and their CS professors would have had PHDs in Computer Science.
You're right, forgot we were talking about Harvard and not my cow school at OK State U.
Only in Silicon Valley can a CEO burn billions chasing an AI gold rush, send free cash flow below zero, and then demand a bigger payday for his visionary leadership. The board’s ultimate weapon? Threatening to quit. Corporate governance at Meta is basically a fire alarm that needs Zuckerberg’s permission to ring.
They just offered to pay his taxes, they aren't sick of him or they'd let the company fail
He has controlling votes in the company, so he likely offered to pay his own taxes...
That might be just that they've got so much money in Meta that they can't afford it fail.
Edit: what I mean is that there might be gambler's fallacy at play
Got an email last week that my FB account had been upgraded to Meta for free? I guess they need to fudge the subscriber numbers?
They aren't concerned with the destruction of the planet caused by their quenchless data centers. Or their massive privacy invasion of citizens. Or their tactics used to addict children to their platform.
At the end of the day, every board member of Meta is just as nasty as Zuck himself.
Anyone using Meta is feeding the nasty machine
Exactly, those kind of articles are paid pr campaigns.
While the power and water requirements for AI DCs are obscene, they're a rounding error against our other power and water abuses.
False. Datacenters don't need to eat.
And what if the results aren't optimistic? Do these people forget there are still some things in the world they can't will into existence?
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
Part of cyberpunk is that the gilded corporations in the sky have white labs and clean computers, but the other part is that street people find their own uses for the leftover hunks of technology considered to be not pretty enough for sale.
In less convoluted terms, nobody fucking needs cloud computing. We used to write software on things that were half as powerful just a decade ago, and software capabilities have stagnated even as computing power has increased because the focus is more on stupid corporate bullshit than...you know? actually solving problems?
The phone you have in your pocket (or even posted this post on) is likely more powerful than anything that was even available 10 or 15 years ago. The joke computers that they'll sell you right now for $200 with an adware-ridden crap OS like Chromebooks are capable of running and even building better software than anything that was available during the first software boom in the late 90s (they just might need a good wiping first).
I am much more interested in the part of cyberpunk we haven't seen much of....where people take down Flock cameras and make them into free wifi repeaters or other types of servers and hobbyists take over again. Corporate software sucks nuts.
I think that there's a lot more potential in AI than there is in VR, which was his last expensive pet project.
They came up with some cool stuff for VR
The problem is there was zero overarching vision, no real explanation of how this makes life better (hurray, you can go to VR work meetings! Why would I buy this again?). Plus, Meta is fucking radioactive to the power users who would buy this stuff.
Similarly, Meta is so toxic I would never trust their AI without my data, and this is playing out with tons of leaks for people using their AI system Muse.
So while AI has more promise than VR, you can’t trust that to Meta anyways.
Have you seen their VR TOS?
“We own everything your gaze falls upon while you’re thinking about using these btw” -Meta
Possibly, but socials are for people connecting, or they’re supposed to be. So people don’t want AI crawling through their socials.
It’s one thing to get a summary on a search, just plain annoying to have a post summarised.
Fucking android auto at one point offered to summarize my text messages.
I don't think AI can summarize 'ok'.
Neither do I to be honest
k
kk
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Well I didn’t say it could do it okay
I don’t like it anywhere, but socials are for people. We expect AI on data search.
I was not disagreeing with you, I was just trying to be funny and summarize "ok"
Gotcha sorry
zuck can't be in practical terms fired
Thw firing will be televised