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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 3 months ago by to c/technology@lemmy.world
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cross-posted from: https://toast.ooo/post/12317935

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[–] 41 points 3 months ago (2 children)

That's how they've been operating for years. They'll go public soon enough though, so your 401k will take the hit instead of the parasites on top.

That's what the SpaceX IPO was about. They were listed on the NASDAQ way earlier than companies are normally allowed to be so the assholes up top could raid your retirement fund despite there being no path to profitability.

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

    I can’t fathom how people actually contribute to a 401k when it’s run by Wall Street ghouls that stole everyone’s money 20 years ago and never suffered any consequences for it…

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  • [–] 11 points 3 months ago

    Because that’s the game. If you don’t play it, they continue to make more and more, while your money decreases in value due to inflation. Best you can do is try to be the bird in the rhino’s back, picking up fleas and scraps.

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