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Pornhub Will Pay $5 Million Over Allegations of Hosting Child Sexual Abuse Material

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Pornhub Will Pay $5 Million Over Allegations of Hosting Child Sexual Abuse Material

The Federal Trade Commission announced Wednesday that Pornhub and its parent company Aylo settled a lawsuit filed by the Federal Trade Commission and the state of Utah.

The FTC and Utah’s attorney general claimed that Pornhub and its affiliates “deceived users by doing little to block tens of thousands of videos and photos featuring child sexual abuse material (CSAM) and nonconsensual material (NCM) despite claiming that this content was ‘strictly prohibited,’” the FTC wrote in a press release. 

“As part of a proposed order settling the allegations, Pornhub’s operators, Aylo and its affiliated companies (collectively Aylo), will be required to establish a program to prevent the distribution of CSAM and NCM on its websites and pay a $5 million penalty to the state of Utah,” it said.

“This settlement reaffirms and enhances Aylo’s efforts to prevent the publication of  child sexual abuse material (CSAM) and non-consensual material (NCM) on its platforms,” a spokesperson for Aylo told 404 Media said in a statement. “Aylo is committed to maintaining the highest standards of safety and compliance on its platforms. While the FTC and Utah DCP [Division of Consumer Protection] have raised serious concerns and allege that some of Aylo’s user generated content websites made available videos and photos containing CSAM  and NCM, this agreement strengthens the comprehensive safeguards that have been in place  for years on Aylo platforms. These measures reflect Aylo’s ongoing commitment to constantly evolving compliance efforts. Importantly, this settlement resolves the matter with no admission of wrongdoing while reaffirming Aylo’s commitment to the highest standards of platform safety and compliance.” 

In addition to the penalty fee, according to the proposed settlement, Aylo would have to “implement a program” to prevent CSAM and non-consensual imagery from being disseminated on its sites, establish a system “to verify that people who appear in videos or photos on its websites are adults and have provided consent to the sexual conduct as well as its production and publication,” remove content uploaded before those programs until Aylo “verifies that the individuals participating in those videos were at least 18 at the time the content was created and consented to the sexual conduct and its production and publication,” post a notice on its website about the FTC and Utah’s allegations, and implement “a comprehensive privacy and information security program to address the privacy and security issues detailed in the complaint.”

Pornhub Is Now Blocked In Almost All of the U.S. South
As of today, three more states join the list of 17 that can’t access Pornhub because of age verification laws.
Pornhub Will Pay $5 Million Over Allegations of Hosting Child Sexual Abuse Material

Aylo already does much of this. Pornhub overhauled its content and moderation practices starting in 2020, after Visa, Mastercard and Discover stopped servicing the site and its network following allegations of CSAM and sex trafficking. It purged hundreds of thousands of videos from its sites in early 2020 and registered with the National Center for Missing and Exploited Children (NCMEC). 

In 2024, Pornhub started requiring proof of consent from every single person who appeared in content on the platform. 

“The resolution reached involved enhancements to existing measures but did not introduce any new substantive requirements that were not either already in place or in progress,” Aylo’s spokesperson said. “This settlement resolves the investigation and underscores Aylo's commitment to robust safety  protocols that should be applied broadly across all websites publishing user generated content. Aylo supports vigorous enforcement against CSAM and NCM, and encourages the FTC and Utah DCP to extend their initiative to protect the public across the broader internet, adult and mainstream, fostering a safer online environment for everyone. Throughout the investigation, Aylo worked to cooperatively resolve the concerns raised by the FTC and Utah DCP.” 

The complaint from Utah and the FTC focuses largely on content that appeared on Pornhub prior to 2020, and includes allegations against several of the 100 different websites owned by Alyo—then Mindgeek, prior to the company’s 2023 acquisition by Ethical Capital Partners—and its affiliates. For example, the complaint claims the website operators identified CSAM on the sites KeezMovies, SpankWire, and ExtremeTube with titles such as “Brunette Girl was Raped,” “Drunken passed out young niece gets a creampie,” “Amateur teen after party and fun passed out sex realty [sic] submissive,” “Girl getting gangraped,” and “Giving her a mouthful while she’s passed out drunk.” 

“Rather than remove the videos, Defendants merely edited their titles to remove any suggestion that they contained CSAM or NCM. As a result, consumers continued to view and download these videos,” the complaint states. The FTC and Utah don’t specify in the complaint whether the people performing in those videos, or any of the videos mentioned, were actually adults participating in consensual roleplay scenarios or if the titles and tags were literal.

The discussions between then-Mindgeek compliance staff outlined in the complaint show some of the conversations moderators were allegedly having around 2020 about how to purge the site of unverified content. “A senior member of Defendants’ Compliance team stated in an internal email that ‘none of it is enough,’ ‘this is just a start,’ and ‘we need to block millions more’ because ‘the site is FULL of non-compliant content,’” the complaint states. “Another senior employee responded: ‘it’s over’ and ‘we’re fucked.’”

The complaint also mentions the Girls Do Porn sex-trafficking ring, which Pornhub hosted content for and acted as a Pornhub Premium partner until the ring was indicted on federal trafficking charges in 2019. In 2023, Pornhub reached a settlement with the US Attorney General’s office after an FBI investigation, and said it “deeply regrets” hosting that content. 

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AI Generated 'Boring History' Videos Are Flooding YouTube and Drowning Out Real History

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AI Generated 'Boring History' Videos Are Flooding YouTube and Drowning Out Real History

As I do most nights, I was listening to YouTube videos to fall asleep the other night. Sometime around 3 a.m., I woke up because the video YouTube was autoplaying started going “FEEEEEEEE.” The video was called “Boring History for Sleep | How Medieval PEASANTS Survived the Coldest Nights and more.” It is two hours long, has 2.3 million views, and, an hour and 15 minutes into the video, the AI-generated voice glitched.

“In the end, Anne Boleyn won a kind of immortality. Not through her survival, but through her indelible impact on history. FEEEEEEEEEEEEEEEE,” the narrator says in a fake British accent. “By the early 1770s, the American colonies simmered like a pot left too long over a roaring fire,” it continued. 

0:00
/0:15

The video was from a channel I hadn’t seen before, called “Sleepless Historian.” I took my headphones out, didn’t think much of it at the time, rolled over, and fell back asleep.

The next night, when I went to pick a new video to fall asleep to, my YouTube homepage was full of videos from Sleepless Historian and several similar-sounding channels like Boring History Bites, History Before Sleep, The Snoozetorian, Historian Sleepy, and Dreamoria. Lots of these videos nominally check the boxes for what I want from something to fall asleep to. Almost all of them are more than three hours long, and they are about things I don’t know much about. Some video titles include “Unusual Medieval Cures for Common Illnesses,” “The Entire History of the American Frontier,” “What It Was Like to Visit a BR0THEL in Pompeii,” and “What GETTING WASTED Was Like in Medieval Times.” One of the channels has even been livestreaming this "history" 24/7 for weeks.

AI Generated 'Boring History' Videos Are Flooding YouTube and Drowning Out Real History

In the daytime, when I was not groggy and half asleep, it quickly became obvious to me that all of these videos are AI generated, and that they are part of a sophisticated and growing AI slop content ecosystem that is flooding YouTube, is drowning out human-made content created by real anthropologists and historians who spend weeks or months researching, fact-checking, scripting, recording, and editing their videos, and are quite literally rewriting history with surface-level, automated drek that the YouTube algorithm delivers to people. YouTube has said it will demonetize or otherwise crack down on “mass produced” videos, but it is not clear whether that has had any sort of impact on the proliferation of AI-generated videos on the platform, and none of the people I spoke to for this article have noticed any change.

“It’s completely shocking to me,” Pete Kelly, who runs the popular History Time YouTube channel, told me in a phone interview. “It used to be enough to spend your entire life researching, writing, narrating, editing, doing all these things to make a video, but now someone can come along and they can do the same thing in a day instead of it taking six months, and the videos are not accurate. The visuals they use are completely inaccurate often. And I’m fearful because this is everywhere.”

“I absolutely hate it, primarily the fact that they’re historically inaccurate,” Kelly added. “So it worries me because it’s just the same things being regurgitated over and over again. When I’m researching something, I go straight to the academic journals and books and places that are offline, basically. But these AI videos are just sort of repeating things that are on the internet and just because it’s on the internet doesn’t mean it’s accurate. You end up with a very simplified version of the past, and we need to be looking at the past and it needs to be nuanced and we need to be aware of where the evidence or an argument comes from.”

Kelly has been making history videos on YouTube since 2017 and has amassed 1.2 million YouTube subscribers because of the incredibly in-depth research he does for his feature-length videos. He said for an average long-form video, he will read 20 books, lots of journal articles, and will often travel to archaeological sites. It’s impossible to say for sure, but he has considered the possibility that some of these AI videos are modeled on his videos, and that the AI tools being used to create them could have been trained on his work. The soothing British accent used in many of the AI-generated videos I’ve seen is similar to Kelly’s actual voice. “A lot of AI basically scraped YouTube in order to develop all of the ways people make videos now,” he said. “So I mean, maybe it scraped my voice.” 

He said that he has begun to get comments accusing his videos of being AI-generated, and his channel now says “no AI is used in this channel.” He has also set up a separate channel where he speaks directly to camera rather than narrating over other footage. 

“​​People listen to the third-person, disembodied narration voice and assume that it’s AI now, and that’s disheartening,” he said. “I get quite a lot of comments from people thinking that I’m AI, so I’m like, if you think I’m AI I’m going to have to just put myself in the videos a little more. Pretty much everyone I know is doing something as a result of this AI situation, which is crazy in itself. We’ve all had to react. The thing I’m doing is I’m appearing more in videos. I’m speaking to the camera because I think people are going to be more interested in an actual human voice.”

Kelly said the number of views he gets on an average video has plateaued or dropped alongside the rise of AI-generated content that competes with his, which is something I heard from other creators, too. As a viewer, I have noticed that I now have to wade through tons of AI-generated spam in order to find high-quality videos.

“I have seen, and my fellow history creators—there’s quite a few of us, we all talk to each other—we’ve all seen quite a noticeable drop in views that seems to coincide exactly with this swarm of AI-generated, three-hour, four-hour videos where they’re making videos about the exact same things we make videos about, and for the average person, I don’t think they really care that much whether it’s AI or not,” he said. 

Kelly has started putting himself in his videos to show he's a real person

A few months ago, in our Behind the Blog segment, I wrote about a YouTube channel called Ancient Americas, run by an amateur anthropologist named Pete. In that blog, I worried about whether AI slop creators would try to emulate creators like Pete, who clearly take great pride in researching and filming their videos. Ancient Americas releases about one 45-minute video per month about indigenous cultures from the Western Hemisphere. Each of his videos features a substantive bibliography and works cited document, which explains the books, scientific papers, documentaries, museums, and experts he sources his research from. Every image and visual he uses is credited with both where it came from and what license he’s using. Through his videos, I have learned an incredible amount about cultures I didn’t know existed, like the Wari, the Zapotecs, the Calusa, and many more. Pete told me in an email that he has noticed the AI history video trend on YouTube as well, but “I can’t say much about how accurate these videos are as a whole because I tend to steer clear of them. Life is far too short for AI.”

“Of the few I've watched, I would say that the information tends to be vague and surface level and the generated AI images of indigenous history that they show range from uncanny to cringe. Not surprisingly, I'm not a fan of such content but thankfully, these videos don't seem to get many views,” he said. “The average YouTube viewer is much more discerning than they get credit for. Most of them see the slop for what it is. On the other hand, will that always be the case? That remains to be seen. AI is only going to get better. Ultimately, whether creators like me sink or swim is up to the viewing public and the YouTube algorithm.”

Pete is correct in that a lot of the AI-generated videos don’t have a lot of views, but that’s quickly changing. Sleepless Historian has 614,000 subscribers, posts a multi-hour video every single day, and has published three videos that have more than a million views. I found several other AI-generated history channels that have more than 100,000 subscribers. Many of them are reposting the same videos that Sleepless Historian publishes, but many of them are clearly generating their own content. 

Every night before I go to sleep, I open YouTube and I see multiple AI-generated history videos being served to me, and some YouTube commenters have noticed that they are increasingly being fed AI-generated history videos. People on Reddit have noticed that the comments under these videos are a mix of what appear to be real people saying they are grateful for the content and a mix of bots posting fake sob stories. For example, a recent Sleepless Historian video has comments from “History-Snooze,” “The_HumbleHistory” “RealSleepyHistorianOfficial,” “SleeplessOrren,” “SleepyHistory-n9k,” “Drizzle and Dreamy History of the Past,” “TheSleepyNavigator-d6b5c,” “Historyforsleepy168,” and a handful of other channels that post the exact same type of content (and often repost the exact same videos). 

In one video, an account called Sleepymore (which posts AI-generated history videos) posted “It’s 1 a.m. in Kyiv. I’m a Ukrainian soldier on night watch. Tonight is quiet—no sirens, just silence. I just wanted to say: your videos make me feel a little less alone, a little less afraid. Thank you.” An account called SleeplessHistorian2 responded to say “great comment.” Both of these accounts do nothing but post AI-generated history videos and spam comments on other AI-generated history videos. The email address associated with Sleepless Historian” did not respond to a request for comment from 404 Media. 

AI Generated 'Boring History' Videos Are Flooding YouTube and Drowning Out Real History

The French Whisperer, a human ASMRtist who makes very high quality science and history videos that I have been falling asleep to for years, told me that he has also noticed that he’s competing with AI-generated videos, and that the videos are “hard to miss.”

“It is always hard to precisely determine what factors make a YouTube channel grow or shrink, but mine has seen its number of views drop dramatically in the past 6-12 months (like -60%) and for the first time in years I barely get discovered at all by new viewers,” he said. “I used to gain maybe 100-200 subscribers per day until 2024, now it is flat. I think only my older viewers still come to my videos, but for others my channel is now hidden under a pile of AI slop that all people who are into history/science + sleep or relaxation content see in their search results.”

“I noticed this trend of slop content in my niche starting around 2 years ago,” he said. “Viewers warned me that there were channels that were either AI-assisted (like a real person reading AI scripts), or traditional slop (a real person paraphrasing wikipedia or existing articles), basically replicating the kind of content I make, but publishing 1 or 2 hours of content per day. Then it became full AI a few months ago, it went from a handful of channels to dozens (maybe hundreds? I have no idea), and since then this type of content has flooded YouTube.”

Another channel I sometimes listen to has purposefully disabled the captions on their videos to make it harder for AI bots to steal from: “Captions have unfortunately been disabled due to AI bots copying (plagiarizing) my scripts,” a notice on YouTube reads.

All of this is annoying and threatening on a few different levels. To some extent, when I’m looking for something to fall asleep to, the actual content sometimes feels like it doesn’t matter. But I’ve noticed that, over time, as I fall asleep listening to history podcasts, I do retain a lot of what I learn, and if I hear something interesting as I’m dozing off, I will often go research that thing more when I’m awake and alert. I personally would prefer to listen to videos made by real people who know what they are talking about, and are benefiting from my consumption of their work. There is also the somewhat dystopian fact that, because of these videos, there are millions of people being unwittingly lulled to sleep by robots.

Historians who have studied the AI summaries of historical events have found that they “flatten” history: “Prose expression is not some barrier to the communication of historical knowledge, to be cleared by any means, but rather an integral aspect of that communication,” Mack Penner, a postdoctoral fellow in the Department of History at the University of Calgary, argued last year. “Outsourcing the finding, the synthesizing, and the communicating to AI is to cede just about the whole craft to the machines.” 

As YouTube and other platforms are spammed with endless AI-generated videos, they threaten not just to drown out the types of high-quality videos that The French Whisperer, Ancient Americas, and other historians, anthropologists, and well-meaning humans are making. They also threaten to literally rewrite history—or people’s understanding of it—with all of the biases imbued into AI by its training material and, increasingly, by the willful manipulation of the companies that own these tools.

All of the creators I spoke to said that, ultimately, they think the quality of their videos is going to win out, and that people will hopefully continue to seek out their videos, whether that’s on YouTube or elsewhere. They each have Patreons, and The French Whisperer said that he has purposefully “diversified away from YouTube” because of forced ads, settings that distort the sound of softly spoken videos, and the 30 percent cut YouTube takes from its membership program. But Kelly said he believes that it has become much harder to break into this world, because "when I started, I was just competing against other humans. I don't really know how you can compete against computers."

The French Whisperer still posts his videos on YouTube, but said that it is increasingly not a reliable platform for him: “I concluded some time ago that I would better vote with my feet and disengage from YouTube, which I could afford to do because by chance my content is very audio oriented. I bet everything I could on podcasts and music apps like Spotify and Apple, on Patreon, and on various apps I sell licenses to,” he said. “I have launched different podcasts derived from my original channel, and even begun to transform my YouTube channel into a podcast show—you probably noticed that I promote these other outlets at the beginning of almost every single video. As a result of my growth elsewhere and the drop on YouTube, the bulk of my audience (like 80-90%) is now on other sites than YouTube, and these ones have not been contaminated by AI slop so far. In a nutshell, I already had reasons to treat YouTube as a secondary platform before, and the fact that it became trashier with the AI content is just one more.”

“An entire niche can be threatened overnight by AI, or YouTube's policies, or your access to monetization, and this only reinforces my belief that this is not a reasonable career choice. Unless you have millions of followers and can look at it as an athlete would—earn as much as you can, pay your taxes, and live on your investments for the rest of your life when your career inevitably ends.”

Pete from Ancient Americas, meanwhile, said he’s just going to keep making videos and hope for the best. 

“It does me no good to fret and obsess over something I have no control over. AI may be polluting the river but I still have to swim in it or sink. Second, I have a lot of faith in what I do and I love doing it,” he said. “At the moment, I don't think AI can create a video the way that I can. I take the research very seriously and try to get as much information as possible. I try to include details that the viewer would have a very difficult time finding on their own; things that are beyond the Wikipedia article or a cursory Google search. I also use ancient artifacts and artworks from a culture to show the viewer how the culture expressed itself and I believe that this is VERY important when you want your audience to connect with ancient people. I've never seen AI do this. It's always a slideshow of crappy AI images. The only thing I can do in an AI world is to keep the ship sailing forward.” 

Kelly, who runs History Time, says he sees it as a real problem. “It’s worrying to me just for humanity,” he said. “Not to get too high brow, but it’s not good for the state of knowledge in the world. It makes me worry for the future.” 

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10 hours ago
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The Wacom MovinkPad 11 Is Built for Illustrators on the Go

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The Wacom MovinkPad 11 Is Built for Illustrators on the Go

While Wacom is known for its professional drawing tablets that need to be connected to a PC, casual artists or students are probably better served by something a little more portable. That’s where the Wacom MovinkPad 11 comes in. The tablet is Android-powered and built for those who want to draw when they’re not at their desk.

A digital tablet with a stylus displays a black and white sketch of a running character and a simple bunny face.

Unlike other modern tablets, the MovinkPad 11 is designed specifically to put drawing features first. To that end, it has an 11.45-inch display with a 2,200 x 1,440 resolution that is covered with anti-glare glass to make drawings look and feel a little more natural. The screen leverages OLED technology for realistic blacks and high contrast.

A person sitting and drawing a cartoon character on a tablet with a stylus.

While many modern tablets have small bezels around the display, this can make it harder to hold a tablet when you’re doing something like drawing. The display still goes relatively close to the edge of the tablet, but with those thicker bezels, illustrators might find it easier to grip than something like an iPad Pro.

A digital drawing tablet displaying an illustrated woman holding a tablet, with the text "wacom: MovinkPad" on a yellow background; a stylus lies beside the tablet.

The tablet also comes with the Wacom Pro Pen 3, which is a customizable stylus that supports 8,192 pressure levels and the ability to tilt up to 60 degrees. For those who don’t like the Pro Pen 3, the tablet also supports third-party styluses.

Because the tablet runs Android, it supports many modern illustration and drawing apps that can be downloaded from the Google Play Store. Additionally, the Wacom Canvas app comes pre-installed.

A digital tablet with a stylus displays a sketch of a running person and a floating animal head; extra pen tips and a charging cable are placed beside the device.

The Wacom MovinkPad 11 is priced at $449 – certainly not the cheapest option, but reasonable when you factor in its advanced display technology and the included Pro Pen 3, which alone retails for $130.

For more information or to purchase the Wacom MovinkPad 11, visit wacom.com.

Photography courtesy of Wacom.

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mkalus
11 hours ago
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Shein Used Luigi Mangione’s AI-Generated Face to Sell a Shirt

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Shein Used Luigi Mangione’s AI-Generated Face to Sell a Shirt

A listing on ultra-fast-fashion e-commerce site Shein used an AI-generated image of Luigi Mangione to sell a floral button-down t-shirt.

Mangione—the prime suspect in the December 2024 murder of United Healthcare CEO Brian Thompson—is being held at the Metropolitan Detention Center in Brooklyn, last I checked, and is not modeling for Shein. 

I first saw the Mangione Shein listing on the culture and news X account Popcrave, which posted the listing late Tuesday evening.

Shein removed the listing on Wednesday, but someone saved it on the Internet Archive before Shein took it down. "The image in question was provided by a third-party vendor and was removed immediately upon discovery," Shein told Newsweek in a statement. "We have stringent standards for all listings on our platform. We are conducting a thorough investigation, strengthening our monitoring processes, and will take appropriate action against the vendor in line with our policies." Shein did not immediately reply to 404 Media’s request for comment. 

The item, sold by the third-party brand Manfinity, had the description “Men's New Spring/Summer Short Sleeve Blue Ditsy Floral White Shirt, Pastoral Style Gentleman Shirt For Everyday Wear, Family Matching Mommy And Me (3 Pieces Are Sold Separately).”

The Manfinity brand makes a lot of Shein stuff using AI-generated models, like these gym bros selling PUSH HARDER t-shirts and gym sweats and this very tough guy wearing a “NAH, I’M GOOD” tee. AI-generated models are all over Shein, and seems especially popular with listings featuring babies and toddlers. AI models in fashion are becoming more mainstream; in July, Vogue ran advertisements for Guess featuring AI-generated women selling the brand’s summer collection.

Last year, artists sued Shein, alleging the Chinese e-commerce giant scraped the internet using AI and stole their designs, and it’s been well-documented that fast fashion sites use bots to identify popular themes and memes from social media to put them on their own listings. Mangione merch and anything related to the case—including remixes of the United Healthcare logo and the “Deny, Defend, Depose” line allegedly found on the bullet—went wild in the weeks following Thompson’s murder; Manfinity might have generated what seemed popular on social media (Mangione’s smiling face) and automatically put it on a shirt listing. Based on the archived listing, it worked: A lot of people managed to grab a limited edition Shein Luigi Ditsy Floral before it was removed: According to the archived version of the listing, it was sold out of all sizes except for XXL. 

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mkalus
12 hours ago
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Deep Breakfast 320 ~ Pablo Bolivar

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Guten Morgen,

ich habe lange nichts von Pablo Bolivar gehört. Dass, obwohl ich den musikalisch mehr als nur schätze. Jetzt rutscht mir gerade sein Deep Breakfast hier rein und das passt mir nicht nur zeitlich sehr gut. Ambiente Dubs, die an gute alte Zeiten erinnern und sehr nach Urlaub schmecken, der bei mir leider gerade vorbei ist. Aber vielleicht kreuzt sich das ja bei einem von euch. Macht nicht so schnell.

Tracklist:
1. Mind Groove – Healing Waterfall
2. Momente Rekorder – Bodensee
3. Natur – There Will Be No Tears ( Heavenchord reshape )
4. Mind Groove – Unseen
5. Dovim – Amber Light
6. Sebastiano Effe – This Face No Longer Belongs to Me
7. Drift Loes – The Duel
8. Braulio Lam – Tiffen
9. Sebastiano Effe – Like Rain In An Old Movie
10. Ercos Blanka – Amaltea ( ambient mix )
11. Carlos Ferreira – Old Wounds
12. Awaken – The Abyss (Ambient Version)

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12 hours ago
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Vibe coding is getting rancid even for venture capital

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PitchBook brings us: “The dangerous vibes powering VCs’ favorite startup category.” Vibe coding is a security disaster. [PitchBook]

The story itself is vapid. But the article existing is remarkable. PitchBook is about deals and how big they are. Mentioning a tawdry technical detail like the whole subsector being a disaster area is remarkable.

Will this give venture capital any reason to pause? To reconsider? To hold off on vibe startups?

Nah. PitchBook a couple of weeks ago: “How long can AI agents like Cursor keep burning cash? Investors are divided.” [PitchBook]

That’s a rundown on how vibe coding startups have huge numbers of users! But they don’t make a profit or have a path to making a profit, and all they do is set money on fire as fast as they can. Anysphere is losing money every time someone uses Cursor.

But the happy investors are happy because Cursor and friends have huge user bases! One VC partner said:

They have the best problem in the world: They’re getting ripped off the shelves, they can’t hire fast enough, they have global brand recognition.

That’s because they’re giving away the product. They’d have to multiply prices by ten just to stop haemorrhaging cash.

But venture capital fundamentally has nowhere else to go. They have to keep spending real dollars so they can write down ever-bigger numbers of imaginary dollars. So they’ll keep putting money into AI until they literally can’t.

I mean, where else is there for lottery wins? Quantum? Ha.

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1 day ago
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