ParlimentOfDoom comments on AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback.

AI Bubble Teetering on the Brink as OpenAI Admits to Massive Financial Failure: A $20 billion setback. (futurism.com)

submitted 1 week ago by lechekaflan@lemmy.world to c/fuck_ai@lemmy.world

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[–] ParlimentOfDoom@piefed.zip 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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[–] Sergio@piefed.social 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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[–] group_hug@sh.itjust.works 10 points 1 week ago

Burned $30 million in processing power to earn a $1 million math prize.

https://podcasts.apple.com/us/podcast/math-vs-machine/id152249110?i=1000794039469

https://www.bbc.com/news/articles/cy7zygy3rl2o

AI is very efficient at burning money it seems.

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[–] Dryad@lemmy.world 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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