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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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[–] 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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