OpenAI might torch $14 billion in 2026, hitting bankruptcy by next year
I've been an AI realist from the start. What can the models actually do? What are the limitations? Ultimately, I think there is a place in the market for them - for people who understand the limitations of them and know when they're spewing BS.
I am not shocked at all that OpenAI (and Microsoft being one of it's largest shareholders) is burning cash and suddenly is realizing it may not be able to make good on it's promises. AI reality vs AI hype. Us actual tech people have known since the beginning this was all hype, now finance people are starting to notice (about time).
cronenthal
in reply to Scrubbles • • •Powderhorn
in reply to Scrubbles • • •djsaskdja
in reply to Powderhorn • • •supersquirrel
in reply to Scrubbles • • •MotoAsh
in reply to supersquirrel • • •b-b-bbut, but it's not a bubble! It's just four megacorps cycling money around between them while they tell everyone the profits will happen any day now! Just as soon as those dumb users start paying for a product we're giving away for free right now... yea, it's all those dumb users' faults! If they would pay dollars for every question, we'd already be in the black! If everyone would just keep giving us money with no tangible returns, we'd already be in the black! Ugh, it's everyone else's fault!
(ok kinda' screwed that up being from a finance bro's perspective but the sentiment is similar...)
zqwzzle
in reply to supersquirrel • • •belated_frog_pants
in reply to supersquirrel • • •Its a pretty willfully nefarious game of hot potato and they are very willing to keep it going as long as possible.
Then we get "too big to fail" so they can be bailed out with social funds instead of going down in flames for gambling.
StinkyFingerItchyBum
in reply to supersquirrel • • •Finance people who understand the system don't make the money on the assets, but on their trade. They really don't care up or down or implode.
"Investors" who buy "assets" in a deregulated environment like this are just moronic gamblers in a liar's casino where the only axiom is "Everybody cheats".
etherphon
in reply to Scrubbles • • •Scrubbles
in reply to etherphon • • •but we don't even want it to begin with
Smoke
in reply to Scrubbles • • •Etterra
in reply to Scrubbles • • •Communist
in reply to Scrubbles • • •Muffi
in reply to Scrubbles • • •I am currently at the BETT conference in London, about technology in education. Absolutely everything is AI this year. Never before have i seen such hype around a single technology. It feels oddly fake and manufactured, and it is also just utterly boring to showcase. Most of the exhibitor stands this year are just tables with a laptop with a prompt screen open.
I hate it.