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AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com)
submitted 1 week ago by to c/fuck_ai@lemmy.world
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[–] 38 points 1 week ago (10 children)

8/2027 is when they run completely out of money at their current burn rate.

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  • [–] 32 points 1 week ago (4 children)

    Not if they find more fools to fleece.

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  • [–] 19 points 1 week ago* (3 children)

    Those folks keep getting more and more options too be fleeced by. There's only so much to go around to keep the bubble inflated

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  • [–] 13 points 1 week ago (1 child)

    I knew they were desperate once I saw them try to fleece professional mathematicians.

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  • [–] 9 points 1 week ago

    Not to mention the free, open source models you can run even on older phones that are plenty good enough for most use cases and don’t hoover up morbid amounts of personal data to later leak. Those aren’t very profitable for any of the big companies. Oh well.

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  • [–] 7 points 1 week ago (4 children)

    But the money is flowing in a circle, will it ever truly run out?

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  • [–] 17 points 1 week ago (1 child)

    That circle of money has leaks going to power, construction, electricity, water, etc. No one is making any profit off of this shit yet, and increasing users is only increasing their expenditure. Banks well only give so much leeway. They just posted a $20 bn loss, and postponed their IPO. They're circling the drain. Cheaper competitors spring up daily

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