this post was submitted on 25 Jun 2026
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The Tokenpocalypse Is Here: Companies Are Scrambling To Stop Spending So Much on AI | Leaked audio from Accenture says a big source of AI token ‘chewing’ is people just converting PDFs to presentatio… (www.404media.co)
submitted 21 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] glarf@lemmy.world 22 points 18 hours ago (1 children)

I recently learned of a term "reverse centaur" and found the ideas in that article were very entertaining as a way to explain why CEOs are obsessed with LLMs. The author of the book being interviewed has a few hot takes that I think are pretty relevant here too. https://arstechnica.com/gadgets/2026/06/how-to-burst-the-ai-bubble-strike-at-its-roots/

[–] DandomRude@lemmy.world 44 points 18 hours ago (1 children)

Indeed!

“The bubble doesn’t want cheap useful things,” Doctorow said. “It wants expensive ‘disruptive’ things: big foundational models that lose billions of dollars every year. When the AI investment mania halts, most of the models are going to disappear, because it just won’t be economical to keep the data centers running. The collapse of the AI bubble is going to be ugly. Seven AI companies currently account for more than a third of the stock market, and they endlessly pass around the same $100 billion IOU. AI is the asbestos in the walls of our technological society, stuffed with wild abandon by a finance sector and tech monopolists run amok. We will be excavating it for a generation or more.”

I think that pretty much sums it up.

[–] bitjunkie@lemmy.world 6 points 12 hours ago

Doctorow is the Cassandra of our time.