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OpenAI could be on the brink of bankruptcy in under 12 months, with projections of $5 billion in losses
(www.windowscentral.com)
this post was submitted on 28 Jul 2024
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These tech giants are extremely fundamental to the operation of the empire. The US will battle to keep them alive as long as possible.
I agree, but the specific flavor of snake oil can change over time. For example, LLMs are replacing the whole blockchain bananza, and we might see some new miracle tech show up in a couple of years as the shine starts wearing off the AI hype. If the economic conditions get tougher, then there will be more push to focus on tech that actually generates revenue as well.