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OpenAI could reportedly run out of cash by mid-2027 — analyst paints grim picture after examining the company's finances (www.tomshardware.com)
submitted 7 months ago by to c/goodnewseveryone@piefed.social
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[–] 75 points 7 months ago (10 children)

AKA a Ponzi scheme. If you think watching the Twin Towers collapse in NYC was frightening, wait until this house of cards falls.

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  • [+] 48 points 7 months ago* (last edited 4 months ago) (9 children)
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  • [–] 34 points 7 months ago (8 children)

    With what money? Trump is adding a trillion in debt every six months and we are running out of allies

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  • [+] 25 points 7 months ago* (last edited 4 months ago) (5 children)
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  • [–] 24 points 7 months ago* (last edited 7 months ago) (2 children)

    The difference is that for decades the flight to safety has been the US dollar in economic downturns. Now, people can't wait to dump the dollar; the flight to safety has been shifting to gold, silver, and even the Yuan.

    When the bubble pops, it'll be be an economic fuckening we've likely not seen.

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  • [–] 3 points 7 months ago (1 child)

    Starting to wonder if it's worth turning some of my savings to regular ass gold.

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  • [–] 3 points 7 months ago

    You are most certainly not alone; I've seen skeptics say that it's doomsday-prep-crazy, but any statements like that are, in my opinion, denialism in this day in age. A regular savings account isn't a viable place to store absolutely all of your money, even since before the Trump admin started fucking things up. A diversified portfolio with safe investments after a certain point is the ideal way to handle it.

    Only difference now, is that what a "safe investment" has mutated into is something else now; not to mention how little people can afford to save money. Do what you can to take care of yourself with what you have man.

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  • [–] 10 points 7 months ago (1 child)

    No but just like South Africa cannot sell trillions in debt, soon the US will not either because we are quick alienating the world and trading partners. If people do not think the US is credible and viable, nobody buys our debt

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  • [–] 4 points 7 months ago

    This is the most gigantic candy in the coal mine almost nobody is talking about!!!

    US debt has been growing like crazy since before I was born, and the biggest way we float it is by selling it with low interest bonds that were always a safe investment which is why so many of the world's richest people parked their money here. Now we are seen as less safe and the US bond market is starting to show a world reversal of that sentiment.

    When nobody is buying our bonds, the talk you've been hearing about inflation for the past two years will seem like a welcome respite.

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  • [–] 1 point 7 months ago (1 child)

    Also banks going bankrupt can do incredible damage (this is why I'm a strong opponent to private banking. They should be public services, not for-profit corpos). Tech companies going under is bad but not too-big-to-fail bad.

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